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Super League Enterprise (SLE) redeems Series C preferred and cancels two preferred designations

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Super League Enterprise, Inc. agreed to pay a one-time cash amount of $922,400 to the sole holder of its Series C Senior Convertible Preferred Stock to redeem and cancel all 1,153 outstanding Series C preferred shares and terminate a prior Equity Purchase Agreement with mutual releases of claims.

After paying the consideration on June 8, 2026, the Equity Purchase Agreement ended with no early termination penalties. The company then filed cancellations of the certificates of designation for both its Series AAA-2 Junior Preferred Stock and its Series C Senior Convertible Preferred Stock, confirming that no shares of either series were outstanding on their respective effective dates.

Positive

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Insights

SLE pays $922,400 to retire preferred stock and simplify equity.

Super League Enterprise is using $922,400 in cash to redeem all 1,153 shares of its Series C Senior Convertible Preferred Stock and terminate the related Equity Purchase Agreement. Both parties granted broad mutual releases tied to the preferred stock and that agreement.

The company also cancelled the certificates of designation for its Series AAA-2 Junior Preferred Stock and Series C Senior Convertible Preferred Stock, with no shares outstanding on either effective date. This removes two preferred series from the capital structure and ends a prior equity purchase arrangement without early termination penalties, leaving only common stock listed on Nasdaq.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Redemption cash payment $922,400 One-time consideration to redeem Series C preferred
Series C preferred shares redeemed 1,153 shares Outstanding Series C Senior Convertible Preferred Stock
Series AAA-2 cancellation date June 4, 2026 Effective date of Certificate of Cancellation
Series C designation cancellation date June 9, 2026 Effective date of Series C Certificate of Cancellation
Redemption Agreement date June 3, 2026 Date company entered into Redemption Agreement
Agreement consideration payment date June 8, 2026 Date SLE paid $922,400 to the holder
Redemption Agreement financial
"entered into a Redemption Agreement (the “Agreement”) with the sole holder"
Series C Senior Convertible Preferred Stock financial
"sole holder (the “Holder”) of the Company’s Series C Senior Convertible Preferred Stock"
Equity Purchase Agreement financial
"termination of that certain Equity Purchase Agreement between the Holder and the Company"
An equity purchase agreement is a legal contract that sets the terms for buying ownership shares in a company, including the number of shares, price, and any conditions that must be met before the sale closes. For investors it matters because it determines how much ownership and control they gain, how the company’s value and share count change, and what protections or obligations each side has—think of it as the detailed bill of sale and ground rules for a stock purchase.
Material Definitive Agreement regulatory
"Item 1.01. Entry Into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Certificate of Cancellation regulatory
"filed a Cancellation of Certificate of Designation with the Secretary of State"
Certificate of Designation regulatory
"Cancellation of Certificate of Designation with the Secretary of State"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
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Understanding 8-K Material Events →
false 0001621672 0001621672 2026-06-03 2026-06-03
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): June 3, 2026
 
Super League Enterprise, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
001-38819
47-1990734
(State or other jurisdiction of  
incorporation)
(Commission File Number)
(IRS Employer  
Identification Number)
 
2450 Colorado Avenue, Suite 100E
Santa Monica, California 90404
(Address of principal executive offices)
 
(213) 421-1920
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Stock, par value $0.001 per share
SLE
Nasdaq Capital Market
 
 
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
 
Item 1.01. Entry Into a Material Definitive Agreement
 
On June 3, 2026, Super League Enterprise, Inc. (the “Company”) entered into a Redemption Agreement (the “Agreement”) with the sole holder (the “Holder”) of the Company’s Series C Senior Convertible Preferred Stock, par value $0.001 per share (“Preferred Stock”), pursuant to which the Company agreed to pay Holder a one-time cash payment of $922,400 (the “Agreement Consideration”) in exchange for the Holder agreeing to (i) the Company’s redemption and cancellation of all 1,153 outstanding shares of Preferred Stock, and (ii) the termination of that certain Equity Purchase Agreement between the Holder and the Company, dated July 10, 2025 (the “Purchase Agreement”), including, without limitation, the termination of any and all agreements, instruments and documents entered into in connection therewith, so that neither the Company nor the Holder shall have any further rights, obligations, or liabilities under the Purchase Agreement. The Purchase Agreement further contains a release by each of the Company and the Holder releasing the other party from any and all claims, demands, actions, causes of action, liabilities, damages, costs, and expenses of any kind or nature whatsoever, whether known or unknown, arising out of or relating to the Preferred Stock or the Purchase Agreement. On June 8, 2026, the Company paid the Agreement Consideration to Holder in full satisfaction of its obligations under the Agreement.
 
The foregoing summary of the terms and conditions of the Agreement are qualified in their entirety by reference to the full text of such agreement, a form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 1.02. Termination of a Material Definitive Agreement
 
As previously disclosed in Item 1.01, on June 8, 2026, the Company paid Holder the Agreement Consideration, at which time the Purchase Agreement was terminated pursuant to the terms of the Agreement. No early termination penalties were incurred by the Company in connection with the termination of the Purchase Agreement. For more information on the Purchase Agreement, see the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 14, 2025.
 
Item 3.03 Material Modifications to Rights of Security Holders.
 
The information set forth in Item 5.03 to this Current Report on Form 8-K is incorporated herein by reference into this Item 3.03 and made a part hereof.
 
--12-31
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
 
Cancellation of Series AAA-2 Preferred Stock
 
On June 4, 2026 (the “Effective Date”), the Company filed a Cancellation of Certificate of Designation with the Secretary of State of the State of Delaware to terminate the designation of its Series AAA-2 Junior Preferred Stock (the “Certificate of Cancellation”). The filing of the Certificate of Cancellation was approved by the Company’s Board of Directors, and there were no shares of Series AAA-2 Junior Preferred Stock outstanding on the Effective Date.
 
A copy of the Certificate of Cancellation is attached hereto as Exhibit 3.1 and is incorporated by reference herein.
 
Cancellation of Series C Preferred Stock
 
On June 9, 2026 (the “Series C Effective Date”), the Company filed a Cancellation of Certificate of Designation with the Secretary of State of the State of Delaware to terminate the designation of its Series C Senior Convertible Preferred Stock (the “Series C Certificate of Cancellation”). The filing of the Series C Certificate of Cancellation was approved by the Company’s Board of Directors, and there were no shares of Series C Senior Convertible Preferred Stock outstanding on the Series C Effective Date.
 
A copy of the Series C Certificate of Cancellation is attached hereto as Exhibit 3.2 and is incorporated by reference herein.
 
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit
Number
 
Description
 
 
 
3.1
 
Certificate of Cancellation of Designation of Series AAA-2 Junior Preferred Stock
3.2
 
Certificate of Cancellation of Designation of Series C Senior Preferred Stock
10.1
 
Redemption Agreement, dated June 3, 2026, by and between Super League Enterprise, Inc., and Yield Point NY, LLC
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
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: June 9, 2026
By:
/s/ Clayton Haynes
 
 
Clayton Haynes
Chief Financial Officer
 

Source: View Original Filing on SEC EDGAR

FAQ

What did Super League Enterprise (SLE) agree to pay in the June 2026 8-K?

Super League Enterprise agreed to make a one-time cash payment of $922,400 to the sole holder of its Series C Senior Convertible Preferred Stock. In return, all 1,153 Series C preferred shares are redeemed and cancelled, and a prior Equity Purchase Agreement between the parties is terminated.

How many Series C preferred shares did SLE redeem under the Redemption Agreement?

The company redeemed and cancelled all 1,153 outstanding shares of its Series C Senior Convertible Preferred Stock. This redemption occurred in exchange for a cash payment of $922,400 and was part of a broader arrangement that also terminated the related Equity Purchase Agreement with mutual releases.

Did Super League Enterprise (SLE) incur penalties for terminating the Equity Purchase Agreement?

No, the filing states that no early termination penalties were incurred when the Equity Purchase Agreement was terminated. The agreement ended after SLE paid the $922,400 consideration, and both parties exchanged mutual releases covering claims related to the preferred stock and that agreement.

What happened to SLE’s Series AAA-2 Junior Preferred Stock in this 8-K?

On June 4, 2026, Super League Enterprise filed a Certificate of Cancellation to terminate the designation of its Series AAA-2 Junior Preferred Stock. The board approved this filing, and there were no Series AAA-2 shares outstanding on the effective date of the cancellation.

What change did SLE make to its Series C preferred stock designation after redemption?

Following the redemption, on June 9, 2026, SLE filed a Cancellation of Certificate of Designation for its Series C Senior Convertible Preferred Stock. The board approved this step, and there were no Series C preferred shares outstanding on the effective date of that cancellation.

Which key exhibits were filed with Super League Enterprise’s June 2026 8-K?

The company filed exhibits including the Certificate of Cancellation for Series AAA-2 Junior Preferred Stock (3.1), the Certificate of Cancellation for Series C Senior Preferred Stock (3.2), and the Redemption Agreement dated June 3, 2026 (10.1), along with the cover page Inline XBRL file.

Filing Exhibits & Attachments

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Agreements & Contracts

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