secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001851734-22-000745
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 $1.93M via Series A-4 Convertible Preferred offering
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- Offering of 1,934 shares of Series A-4 Convertible Preferred at $1,000/share for gross proceeds of ~$1.93M.
- Conversion price initially $0.3801 per common share; automatic conversion after 24 months or 51% holder consent.
- Company may convert 50% of shares if VWAP >= 250% of conversion price, 100% if >= 300% after one year.
- Dividends payable in common stock at 20% of underlying shares on 12 and 24 month anniversaries.
- Placement agent receives $193,400 cash fee, $58,020 expenses, and warrants for 737,779 shares at $0.3801.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000185173422000745/0001851734-22-000745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000185173422000745/slgg20221222_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000745

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