other material
confidence high
sentiment negative
materiality 0.75
Super League Enterprise, Inc. (SLE): debt financing — Super League secures $2.5M short-term loan and $2.9M equity purchase agreement
Super League Enterprise, Inc.
- Agile Loan: $2.5M principal, 32-week maturity, ~$1.05M total interest, 32 weekly payments of $110,937.50.
- Loan secured by first-priority security interest in all assets; prepayment requires make-whole interest.
- Hudson equity line: up to $2.9M of common stock at 92% of market price; 300,000 commitment shares issued.
- Proceeds used for working capital; loan restricts dividends, additional debt (except $3M unsecured), and change in control.