secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001437749-25-017441
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925017441/0001437749-25-017441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925017441/slgg20250516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-017441

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