8-K
filed June 20, 2025, 7:59 PM ET
ticker SLE
CIK 0001621672
debt
confidence high
sentiment negative
materiality 0.70
Super League Enterprise, Inc. (SLE): debt financing — Super League extends $1.77M August notes; interest jumps to 20% and maturity pushed to Aug 2025
Super League Enterprise, Inc.
- Extended maturity on three August 2024 notes (Drozdov, Khakshoor, Firepit) from June 1 to Aug 1, 2025; interest rate increased to 20% starting June 1, 2025.
- Consideration payments: $18,750 each to Drozdov and Khakshoor, $12,500 to Firepit, paid in two installments (June 15 and July 15, 2025); failure to pay triggers default.
- Also extended $1.5M November 2024 note from a board member to Nov 19, 2026; interest stops accruing after Nov 19, 2025; monthly payments of $175,000 start Nov 19, 2025 for 12 months.
- Company had already missed original maturity on August notes; lenders waived defaults subject to receipt of consideration payments.
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. amended debt of $661,171 with Ben Khakshoor at 20% maturing August 1, 2025.
- Principal
- $661,171
- Counterparty
- Ben Khakshoor
- Rate
- 20%
- Maturity
- August 1, 2025
- Event
- amendment
Exact text from the filing
into: (a) Amendment No. 1 to Unsecured Promissory Note (the “ Drozdov Amendment ”), originally issued on August 1, 2024, to Sam Drozdov (“ Drozdov ”) in the principal amount of $661,171 (the “ Drozdov Note ”); (b) Amendment No. 1 to Unsecured Promissory Note (the “ Khakshoor Amendment ”), originally issued on August 1, 2024, to Ben Khakshoor (“ Khakshoor ”) in
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Super League Enterprise, Inc. amended debt of $1,500,000 with a non-employee member of the Board of Directors of the Company maturing November 19, 2026.
- Principal
- $1,500,000
- Counterparty
- a non-employee member of the Board of Directors of the Company
- Maturity
- November 19, 2026
- Event
- amendment
Exact text from the filing
(the “ Amendment ”), originally issued on November 19, 2024, issued to a non-employee member of the Board of Directors of the Company (“ Lender ”), in the principal amount of $1,500,000 (the promissory note issued is the “ Note ”, and the principal amount due thereunder, the “ Principal ”). Pursuant to the Amendment: (a) the maturity date of the Note was extended
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Super League Enterprise, Inc. amended debt of $661,171 with Sam Drozdov at 20% maturing August 1, 2025.
- Principal
- $661,171
- Counterparty
- Sam Drozdov
- Rate
- 20%
- Maturity
- August 1, 2025
- Event
- amendment
Exact text from the filing
into: (a) Amendment No. 1 to Unsecured Promissory Note (the “ Drozdov Amendment ”), originally issued on August 1, 2024, to Sam Drozdov (“ Drozdov ”) in the principal amount of $661,171 (the “ Drozdov Note ”); (b) Amendment No. 1 to Unsecured Promissory Note (the “ Khakshoor Amendment ”), originally issued on August 1, 2024, to Ben Khakshoor (“ Khakshoor ”) in
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Super League Enterprise, Inc. amended debt of $446,115 with Firepit Partners Co. (f/k/a Bloxbiz Co.) at 20% maturing August 1, 2025.
- Principal
- $446,115
- Counterparty
- Firepit Partners Co. (f/k/a Bloxbiz Co.)
- Rate
- 20%
- Maturity
- August 1, 2025
- Event
- amendment
Exact text from the filing
on August 1, 2024, to Firepit Partners Co. (f/k/a Bloxbiz Co.) (“ Firepit ”, and collectively with Drozdov and Khakshoor, the “ Firepit Lenders ”) in the principal amount of $446,115 (the “ Firepit Note ”, and collectively with the Drozdov Note and the Khakshoor Note, the “ Firepit Notes ”). Pursuant to the Firepit Amendments: (a) the maturity date for each of
View on SEC.gov
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