--- schema_version: "secwatch.filing_event.v1" accession: "0001851734-22-000702" form_type: "8-K" ticker: "SLE" cik: "0001621672" company_name: "Super League Enterprise, Inc." filed_at: "2022-11-25T23:59:59+00:00" generated_at: "2026-06-21T13:04:18.123277+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Super League Gaming raises $5.36M via Series A Convertible Preferred Stock offering ## Summary - Raised ~$5.36M from sale of 5,359 shares of Series A Convertible Preferred at $1,000/share to accredited investors. - Initial conversion price set at $0.62/share of common stock; automatic conversion after 24 months or upon consent of 51% of holders. - Company may force conversion of 50% or 100% of Series A if VWAP exceeds 250% or 300% of conversion price, respectively, after one year. - Filed Certificate of Designation with Delaware; preferred stock ranks senior to common on liquidation and has dividend rights. - Placement agent received $535.9K cash fee, $160.8K expense allowance, and warrants to purchase 1.25M shares at $0.62. ## SEC filing metadata - accession: 0001851734-22-000702 - form_type: 8-K - ticker: SLE - cik: 0001621672 - company_name: Super League Enterprise, Inc. - filed_at: 2022-11-25T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 3.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/slgg20221125_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001851734-22-000702 - JSON: https://secwatch.observer/filing/0001851734-22-000702.json - Plain text: https://secwatch.observer/filing/0001851734-22-000702.txt ## Key facts - Governance Changes Super League Enterprise, Inc.: Filed Series A Certificate of Designation designating 5,359 shares of Series A Preferred (effective 2022-11-22). - Change: charter amendment - Effective: 2022-11-22 source text: On November 22, 2022, the Company filed the Series A Certificate of Designation, designating 5,359 shares of Series A Preferred in connection with the Offering. evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm - Material Agreements Super League Enterprise, Inc. entered into Subscription Agreements with certain accredited investors valued at approximately $5.36 million (effective 2022-11-22). - Action: entry - Agreement: equity purchase - Counterparty: certain accredited investors - Value: approximately $5.36 million - Effective: 2022-11-22 source text: On November 22, 2022, Super League Gaming, Inc. (the “ Company ”) entered into subscription agreements (each, a “ Subscription Agreement ” and collectively, the “ Subscription Agreements ”) with accredited investors relating to an offering (the “ Offering ”) with respect to the sale of an aggregate of 5,359 shares of newly designated Series A Convertible Preferred Stock, par value $0.001 per share (the “ Series A Preferred ”), at a purchase price of $1,000 per share, for aggregate gross proceeds to the Company of approximately $5.36 million. evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm - Material Agreements Super League Enterprise, Inc. entered into Registration Rights Agreement with the investors in the Offering (effective 2022-11-22). - Action: entry - Counterparty: the investors in the Offering - Effective: 2022-11-22 source text: The Company and the investors in the Offering also executed a registration rights agreement (the “ Registration Rights Agreement ”), pursuant to which the Company agreed to file a registration statement covering the resale of the shares of Common Stock issuable upon conversion of the Series A Preferred within sixty days following the final closing of the Offering and to use its best efforts to cause such registration statement to become effective within 90 days of the filing date. evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm - Material Agreements Super League Enterprise, Inc. entered into Placement Agency Agreement with a registered broker dealer valued at aggregate cash fee of $535,900, non-accountable expense allowance of $160,770 and warrants to purcha (effective 2022-11-22). - Action: entry - Agreement: underwriting - Counterparty: a registered broker dealer - Value: aggregate cash fee of $535,900, non-accountable expense allowance of $160,770 and warrants to purcha - Effective: 2022-11-22 source text: The Company entered into a Placement Agency Agreement (the “ Placement Agency Agreement ”) with a registered broker dealer, which acted as the Company’s exclusive placement agent (the “ Placement Agent ”) for the Offering. Pursuant to the terms of the Placement Agency Agreement, in connection with the initial closing of the Offering, the Company paid the Placement Agent an aggregate cash fee of $535,900, non-accountable expense allowance of $160,770 and will issue to the Placement Agent or its designees warrants (the “ Placement Agent Warrants ”) to purchase 1,253,314 shares of Common Stock at an exercise price of $0.62 per share. evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.