Business Context and Reporting Period
Company: Super League Enterprise, Inc. (SLE)
Filing Type: Form 8-K (Current Report)
Date of Report: September 30, 2025
Reporting Period: Event date of September 30, 2025
The Company, incorporated in Delaware and trading on the Nasdaq Capital Market, filed this report to disclose the entry into a material definitive agreement regarding a secured convertible promissory note.
Key Financial Metrics
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, or liquidity ratios. The report focuses exclusively on the terms of a debt instrument amendment.
| Metric | Value |
|---|---|
| Conversion Price (Amended) | $5.95 |
| Floor Price (Amended) | $1.19 |
| Original Note Issue Date | July 10, 2025 |
| Counterparty | Yield Point NY, LLC |
Material Changes
On September 30, 2025, the Company entered into Amendment No. 1 to a Secured Convertible Promissory Note originally issued on July 10, 2025. The material changes include:
- Conversion Price: Adjusted to $5.95, subject to further adjustments as defined in the Note.
- Floor Price: Adjusted to $1.19.
- Other Terms: All other terms and conditions of the original Note remain in full force and effect.
Guidance, Outlook, and Risks
Management Commentary: The filing provides no forward-looking guidance, outlook, or management commentary regarding future operations or financial performance.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard implications of amending debt terms. The summary of terms is qualified by reference to the full text of the Note Amendment filed as Exhibit 10.1.
Unusual Items: The amendment of the conversion and floor prices shortly after the original issuance (July 2025) represents a significant modification to the debt instrument's economics.
Investor Verification Checklist
- Review the full text of Exhibit 10.1 (Amendment No. 1) to understand specific adjustment mechanisms for the $5.95 conversion price.
- Verify the total principal amount outstanding on the Secured Convertible Promissory Note issued on July 10, 2025, by referencing the prior Form 8-K filed on July 14, 2025.
- Assess the dilution impact of the new $5.95 conversion price relative to the current market price of SLE common stock.
- Confirm the security interests attached to the Note and any potential impact on the Company's assets.