secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001437749-24-035905
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League Enterprise issues $1.5M promissory note to board member at 40% interest
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- Issued $1.5M unsecured promissory note to a non-employee board member; matures in 12 months.
- Interest rate of 40% simple per annum; interest payments due at 6 months and maturity.
- Proceeds for working capital and general corporate purposes.
- Note may be prepaid without penalty; default rate is 45% per annum.
- Company authorized up to $3M in notes under the Purchase Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924035905/0001437749-24-035905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924035905/slgg20241121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-035905

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer