Super League Enterprise exchanges $1.88M promissory note for preferred stock and cash

Super League Enterprise, Inc.

Principal and accrued interest of $1,878,082 on 40% promissory note exchanged for 1.5M Series AAAA Jr. Convertible Preferred shares and $378,002 in cash.
Cash payments of ~$63,000/month from Oct 15, 2025 to Mar 15, 2026; preferred convertible into common with volume restrictions.
Volume trading restrictions: first 60 days max 2.5% daily vol, days 61-120 max 3%, days 121-365 max 3.5%, after 1 yr unrestricted.
SLE to pay legal costs for Rule 144 opinions and SEC filings to facilitate conversions and sales of common shares.
Replaces amended note (maturing Nov 2026, $175k/month payments); avoids further 40% interest accrual.

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