Super League Enterprise, Inc. (SLE): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Super League Enterprise, Inc. incurred convertible notes of $145,200 with 1800 Diagonal Lending, LLC at 10% per annum maturing February 15, 2026.

Instrument: convertible notes
Principal: $145,200
Counterparty: 1800 Diagonal Lending, LLC
Rate: 10% per annum
Maturity: February 15, 2026
Event: incurrence

Exact text from the filing

the Company issued a Convertible Promissory Note (the “Diagonal Note”) in the principal amount of $145,200

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Super League Enterprise, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-017441

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