Super League Enterprise Inc. Amends Existing Promissory Notes, Extends Maturity and Adjusts Payment Terms

Reuters

2025/06/21

Super League Enterprise Inc. Amends Existing Promissory Notes, Extends Maturity and Adjusts Payment Terms

Super League Enterprise Inc. has announced amendments to several existing promissory notes, originally issued in 2024, as part of its financial restructuring efforts. On June 13, 2025, the company amended unsecured promissory notes with Sam Drozdov, Ben Khakshoor, and Firepit Partners Co., with principal amounts of $661,171, $661,171, and $446,115 respectively. Additionally, Super League amended a note issued to a non-employee board member, originally valued at $1,500,000. This amendment extends the maturity date to November 19, 2026, ceases interest accrual from November 19, 2025, and establishes a monthly payment plan starting the same day, ensuring full repayment within a year. These strategic amendments aim to optimize Super League's financial commitments and enhance fiscal stability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Super League Enterprise Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-020931), on June 20, 2025, and is solely responsible for the information contained therein.

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Amends Existing Promissory Notes, Extends Maturity and Adjusts Payment Terms\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-21 04:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Super League Enterprise Inc. 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ID: 0001437749-25-020931), on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SLE","symbol_name":"Super League Gaming Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDLXYn0C:1","article_id":"2545121108","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545121108","pubTimestamp":1750452542,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Super League Enterprise Inc. has announced amendments to several existing promissory notes, originally issued in 2024, as part of its financial restructuring efforts. 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Amends Existing Promissory Notes, Extends Maturity and Adjusts Payment Terms\n    \n\n        Super League Enterprise Inc. has announced amendments to several existing promissory notes, originally issued in 2024, as part of its financial restructuring efforts. On June 13, 2025, the company amended unsecured promissory notes with Sam Drozdov, Ben Khakshoor, and Firepit Partners Co., with principal amounts of $661,171, $661,171, and $446,115 respectively. Additionally, Super League amended a note issued to a non-employee board member, originally valued at $1,500,000. This amendment extends the maturity date to November 19, 2026, ceases interest accrual from November 19, 2025, and establishes a monthly payment plan starting the same day, ensuring full repayment within a year. 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