Loan & DebtJun 9, 2026, 04:07 PM
Super League Enterprise Redeems Preferred Stock for $922,400
AI Summary
Super League Enterprise, Inc. has entered into a Redemption Agreement to redeem all outstanding shares of its Series C Senior Convertible Preferred Stock for a one-time cash payment of $922,400. This agreement also terminates the associated Equity Purchase Agreement and releases both parties from any claims. The company has paid the redemption amount and subsequently filed to cancel the certificates of designation for both Series C and Series AAA-2 Preferred Stock. The termination of the Equity Line of Credit arrangement with Yield Point NY, LLC was also completed.
Key Highlights
- Super League Enterprise, Inc. redeemed 1,153 shares of Series C Senior Convertible Preferred Stock for $922,400.
- The company terminated its Equity Purchase Agreement with Yield Point NY, LLC.
- Super League Enterprise, Inc. also terminated its Equity Line of Credit arrangement with Yield Point NY, LLC.
- The company filed a Cancellation of Certificate of Designation to terminate the designation of its Series C Senior Convertible Preferred Stock.
- The company filed a Cancellation of Certificate of Designation to terminate the designation of its Series AAA-2 Junior Preferred Stock.
Price Impact
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