{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-020931","form_type":"8-K","ticker":"SLE","cik":"0001621672","company_name":"Super League Enterprise, Inc.","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.086444+00:00","generated_at":"2026-05-19T01:28:24.951987+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Super League extends $1.77M August notes; interest jumps to 20% and maturity pushed to Aug 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-020931","json":"https://secwatch.observer/filing/0001437749-25-020931.json","markdown":"https://secwatch.observer/filing/0001437749-25-020931.md","text":"https://secwatch.observer/filing/0001437749-25-020931.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/slgg20250620_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T01:28:24.951987+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16bb9077d205b89285a5763e2be761c7c8edc9f0","claim":"Super League Enterprise, Inc. amended debt of $661,171 with Ben Khakshoor at 20% maturing August 1, 2025.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$661,171"},{"label":"Counterparty","value":"Ben Khakshoor"},{"label":"Rate","value":"20%"},{"label":"Maturity","value":"August 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"7ec68e0835b9391927fcd30d234722ce52b64bac","claim":"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.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$1,500,000"},{"label":"Counterparty","value":"a non-employee member of the Board of Directors of the Company"},{"label":"Maturity","value":"November 19, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8d7103f99a34d1aa12b231614d1c01b1de0bc1f6","claim":"Super League Enterprise, Inc. amended debt of $661,171 with Sam Drozdov at 20% maturing August 1, 2025.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$661,171"},{"label":"Counterparty","value":"Sam Drozdov"},{"label":"Rate","value":"20%"},{"label":"Maturity","value":"August 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ce50f5d8b6997d1b83879311a039cc9132cf78e9","claim":"Super League Enterprise, Inc. amended debt of $446,115 with Firepit Partners Co. (f/k/a Bloxbiz Co.) at 20% maturing August 1, 2025.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$446,115"},{"label":"Counterparty","value":"Firepit Partners Co. (f/k/a Bloxbiz Co.)"},{"label":"Rate","value":"20%"},{"label":"Maturity","value":"August 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}