secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001851734-23-000031
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/0001851734-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000185173423000031/slgg20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-23-000031

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