secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2026-08-18T13:06:44+00:00
Accession:  0001437749-26-028267
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metaplanet to invest 2,100 BTC (~$132M) in Super League, forming Superplanet with 95.7% ownership
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- Metaplanet to invest 2,100 BTC (~$132.1M) plus $2.5M cash for 44,859,400 SLE shares at $3.00/share.
- Upon close, SLE renamed Superplanet, Inc. (ticker SUPA), becomes consolidated Metaplanet subsidiary; Metaplanet holds ~95.7% (~93.6% as adjusted).
- Metaplanet gets 100 convertible perpetual preferred shares with majority director designation rights and 10-year warrants for up to 381M shares at $3.00-$33.50.
- Evo Fund receives 2-year warrants for up to 10M shares at $3.00-$5.55; Metaplanet has 24-month subscription right for up to $210M additional investment.
- Transaction expected to close Q4 2026, subject to stockholder approval; five-year lock-up on Metaplanet's shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774926028267/0001437749-26-028267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774926028267/slgg20260818_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-028267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer