secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001851734-22-000702
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League Gaming raises $5.36M via Series A Convertible Preferred Stock offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/0001851734-22-000702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000185173422000702/slgg20221125_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000702

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