---
schema_version: "secwatch.filing_event.v1"
accession: "0001851734-23-000031"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:06:49.513651+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Super League Gaming raises $2.3M via Series A-5 Convertible Preferred Stock

## Summary
- Gross proceeds of $2,299,000 from sale of 2,299 shares of Series A-5 Convertible Preferred at $1,000/share.
- Initial conversion price set at $0.5546 per common share; automatic conversion after 24 months or by 51% holder consent.
- Company can force conversion of 50% if VWAP >= 250% of conversion price, 100% if VWAP >= 300% after one year.
- Dividends: 20% of underlying common shares paid on 12 and 24 month anniversaries; plus regular common dividends.
- Registration rights agreement required within 60 days; placement agent received $229,900 cash fee and warrants for 601,073 shares.

## SEC filing metadata
- accession: 0001851734-23-000031
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/0001851734-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/slgg20230206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-23-000031
- JSON: https://secwatch.observer/filing/0001851734-23-000031.json
- Plain text: https://secwatch.observer/filing/0001851734-23-000031.txt

## Key facts
- Governance Changes
  Super League Enterprise, Inc.: Filed Series A Certificate of Designation designating 2,299 shares of Series A Preferred Stock (effective 2023-01-31).
  - Change: charter amendment
  - Effective: 2023-01-31
  source text: On January 31, 2023, the Company filed the Series A Certificate of Designation, designating 2,299 shares of Series A Preferred in connection with the Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/0001851734-23-000031-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Registration Rights Agreement with investors in the Offering (effective 2023-01-31).
  - Action: entry
  - Counterparty: investors in the Offering
  - Effective: 2023-01-31
  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/1621672/000185173423000031/0001851734-23-000031-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Placement Agency Agreement (effective 2023-01-31).
  - Action: entry
  - Effective: 2023-01-31
  source text: The Company sold the shares of Series A Preferred pursuant to 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/0001851734-23-000031-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Subscription Agreement with accredited investors valued at approximately $2,299,000 (effective 2023-01-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: approximately $2,299,000
  - Effective: 2023-01-31
  source text: On January 31, 2023 (the “ Effective Date ”), Super League Gaming, Inc. (the “ Company ”) entered into subscription agreements (each, a “ Subscription Agreement ” and collectively, the “ Subscription Agreements ”) with accredited investors with respect to the sale of an aggregate of 2,299 shares of newly designated Series A-5 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 $2,299,000 (the “ Offering ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/0001851734-23-000031-index.htm

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