Super League issues $145,200 convertible note to 1800 Diagonal Lending; net $125,000 for working capital

Super League Enterprise, Inc.

Issued $145,200 convertible promissory note to 1800 Diagonal Lending LLC; OID of 4.75%, net proceeds ~$125,000 after expenses.
Note matures Feb 15, 2026; 10% interest (22% default rate); convertible after 180 days at 75% of lowest trading price over prior 10 days.
Proceeds used for working capital and general corporate purposes; conversion capped at 19.99% of outstanding shares.
Events of default include failure to maintain Nasdaq listing, reporting lapses, or bankruptcy; default penalty up to 200% of principal.

item 1.01 item 2.03 item 3.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001437749-25-017441
form_type: 8-K
ticker: SLE
cik: 0001621672
company_name: Super League Enterprise, Inc.
filed_at: 2025-05-16T23:59:59+00:00
discovered_at: 2026-05-14T18:02:49.084692+00:00
generated_at: 2026-05-21T03:19:14.777122+00:00
sec_items: ["1.01", "2.03", "3.02", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001437749-25-017441
json_url: https://secwatch.observer/filing/0001437749-25-017441.json
markdown_url: https://secwatch.observer/filing/0001437749-25-017441.md
text_url: https://secwatch.observer/filing/0001437749-25-017441.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925017441/0001437749-25-017441-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925017441/slgg20250516_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

accession 0001437749-25-017441

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