Super League Enterprise Files 8-K

TL;DR

SLGG filed an 8-K on Nov 19, 2024 - looks like a material agreement.

AI Summary

On November 19, 2024, Super League Enterprise, Inc. entered into a material definitive agreement, likely related to financing or operations, as indicated by the filing of a Form 8-K. The company, formerly known as Super League Gaming, Inc., is incorporated in Delaware and headquartered in Santa Monica, California.

Why It Matters

This filing signals a significant event for Super League Enterprise, Inc., potentially impacting its financial obligations or strategic direction.

Risk Assessment

Risk Level: medium — An 8-K filing indicates a material event, which could be positive or negative, requiring further investigation.

Key Numbers

• 001-38819 — SEC File Number (Identifies the company's filing history with the SEC.)
• 47-1990734 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Super League Enterprise, Inc. (company) — Registrant
• November 19, 2024 (date) — Date of earliest event reported
• Super League Gaming, Inc. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Santa Monica, California (location) — Principal business address

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock , par value $0.001 per share SLE Nasdaq Capital Market
• $1,500,000 — ry Note (the " Note ") in the amount of $1,500,000 (the " Principal "), for which the Note

Filing Documents

• slgg20241121_8k.htm (8-K) — 29KB
• ex_750753.htm (EX-4.1) — 40KB
• ex_750754.htm (EX-10.1) — 84KB
• 0001437749-24-035905.txt ( ) — 315KB
• slgg-20241119.xsd (EX-101.SCH) — 3KB
• slgg-20241119_def.xml (EX-101.DEF) — 12KB
• slgg-20241119_lab.xml (EX-101.LAB) — 15KB
• slgg-20241119_pre.xml (EX-101.PRE) — 12KB
• slgg20241121_8k_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement On November 19, 2024 (the " Effective Date "), Super League Enterprise, Inc. (the " Company ") entered into a Note Purchase Agreement (the " Purchase Agreement ") with a non-employee member of the board directors of the Company (the " Purchaser "). Pursuant to the Purchase Agreement, the Company issued to the Purchaser an Unsecured Promissory Note (the " Note ") in the amount of $1,500,000 (the " Principal "), for which the Note (i) matures on the date that is 12 months from the Effective Date (the " Maturity Date "), (ii) may be pre-paid at any time by the Company without penalty, and (iii) accrues interest on the Principal at a rate of 40% simple interest per annum (the " Interest "). The Interest is payable in two equal increments of 20% of the Principal (each, an " Interest Payment ", and collectively, the " Interest Payments "), with the first Interest Payment being due on the date that is six months from the Effective Date, and the second Interest Payment being due on Maturity Date. In the event of a prepayment of the Note by the Company, the Interest Payments will be pro-rated for the period the Note is outstanding. The Company intends on using the proceeds for working capital and general corporate purposes. The Note also provides for: (i) standard events of default, including (a) any default in the payment of the principal or Interest on their respective due dates, (b) the occurrence of a Bankruptcy Event (as defined in the Note), or (c) the Company commits any material breach or default of any material provision of the Note, if not cured within 20 days following the written notice from the Purchaser specifying in reasonable detail such breach or default (sections (a) through (c), the " Events of Default "); and (ii) customary provisions, including representations, warranties and covenants, indemnification, waiver of jury trial, arbitration, and the exercise of remedies upon a breach or default. Upon t

Financial Statements and Exhibits

Financial Statements and Exhibits . (d) Exhibits Index Exhibit No. Description 4.1 Form of Unsecured Promissory Note, dated November 19, 2024 10.1 Form of Note Purchase Agreement, dated November 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Super League Enterprise, Inc. Date: November 21, 2024 By: /s/ Clayton Haynes Clayton Haynes Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR