secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001437749-25-020931
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/0001437749-25-020931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925020931/slgg20250620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-020931

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