---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-022594"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:56:15.748106+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-022594
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774925022594/0001437749-25-022594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774925022594/slgg20250711_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-022594
- JSON: https://secwatch.observer/filing/0001437749-25-022594.json
- Plain text: https://secwatch.observer/filing/0001437749-25-022594.txt

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