secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001437749-25-004047
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League secures $2.5M short-term loan and $2.9M equity purchase agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925004047/0001437749-25-004047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925004047/slgg20250214_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-004047

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