---
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"
generated_at: "2026-05-19T01:28:24.951987+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Super League extends $1.77M August notes; interest jumps to 20% and maturity pushed to Aug 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-020931
- JSON: https://secwatch.observer/filing/0001437749-25-020931.json
- Plain text: https://secwatch.observer/filing/0001437749-25-020931.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm
- Debt Financings
  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
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.