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Get filing alertsSuper League redeems all Series C preferred stock for $922K, simplifies capital structure
Filed June 9, 2026 · Period ending June 3, 2026 · ~1 min read
Key Changes
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Company paid $922,400 to redeem and cancel all 1,153 shares of Series C Senior Convertible Preferred Stock, eliminating preferred equity layer and potential dilution to common shareholders.
Item 1.01 verify on EDGAR → -
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Terminated July 2025 Equity Purchase Agreement with preferred holder, ending all future funding commitments and equity issuance obligations under that agreement.
Item 1.02 verify on EDGAR → -
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Both parties executed mutual release covering all claims related to preferred stock and purchase agreement, reducing legal risk and uncertainty going forward.
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Filed certificates to cancel Series AAA-2 Junior Preferred and Series C Senior Preferred stock designations after all shares retired, completing administrative cleanup.
Item 5.03 verify on EDGAR → -
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Payment completed June 8, 2026 with no early termination penalties incurred by the company.
Item 1.02 verify on EDGAR →
Summary
Super League Enterprise cleaned up its capital structure by redeeming all outstanding Series C preferred stock for $922,400 and terminating the related equity purchase agreement. The company paid Yield Point NY, LLC to cancel 1,153 preferred shares and end a July 2025 funding agreement that may have created future dilution or obligations.
Both parties signed a broad mutual release, closing the door on potential disputes. For common shareholders, this is positive housekeeping. Preferred stock typically carries liquidation preferences and conversion rights that sit ahead of common equity. By eliminating this layer for under $1 million, Super League simplified its ownership structure and removed overhang.
The company also filed certificates to formally cancel both the Series C and Series AAA-2 preferred designations. Watch the company's next 10-Q to see how this $922K payment affected cash reserves and whether management provides color on why they chose to buy out the preferred holder now. The absence of early termination penalties suggests this was a negotiated exit rather than a forced redemption.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Show 1 minor / wording change
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On June 8, 2026, the Company paid the Agreement Consideration to Holder in full satisfaction of its obligations under the Agreement.
The company completed the $922,400 payment on June 8, 2026, fully satisfying its obligations under the redemption agreement. The transaction is now complete with no remaining payment obligations.
Event · Item 1.02 — Termination of a Material Definitive Agreement
Company terminated a material purchase agreement by paying the holder the agreement consideration with no early termination penalties.
Added in current filing · verify on EDGAR →
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.
Super League Enterprise terminated a material purchase agreement on June 8, 2026 by paying the holder the agreed-upon consideration. The termination occurred according to the agreement's terms and did not result in any early termination penalties for the company.
Event · Item 3.03 — Material Modification to Rights of Security Holders
8-K filing discloses material modifications to security holder rights, but full text is truncated or incomplete.
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Item 3.03 Material Modifications to Rights of Security Holders. The information set forth in
The 8-K filing indicates that Item 3.03 has been triggered, which requires disclosure of material modifications to the rights of security holders. However, the provided text appears incomplete and does not contain the substantive disclosure details. Item 3.03 typically covers events such as changes to charter or bylaws that materially limit or qualify rights of common stockholders, or issuance of securities with preferential rights.
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
Item 5.03 — Amendments to Articles of Incorporation or Bylaws filed; see Key Changes for terms.
Show 2 minor / wording changes
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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.
The company terminated its Series AAA-2 Junior Preferred Stock designation on June 4, 2026, after confirming no shares remained outstanding. This is a routine administrative cleanup action that removes an unused stock class from the company's capital structure.
Added in current filing · verify on EDGAR →
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.
The company terminated its Series C Senior Convertible Preferred Stock designation on June 9, 2026, after all shares were retired. This administrative action simplifies the capital structure by removing another unused preferred stock class.
Event · Item 9.01 — Financial Statements and Exhibits
Super League cancelled two preferred stock series and entered a redemption agreement with Yield Point NY, LLC on June 3, 2026.
Added in current filing · verify on EDGAR →
Certificate of Cancellation of Designation of Series AAA-2 Junior Preferred Stock
The company filed a certificate to cancel its Series AAA-2 Junior Preferred Stock designation. This eliminates this class of preferred equity from the capital structure, potentially simplifying the company's equity base and removing any associated preferences or obligations.
Added in current filing · verify on EDGAR →
Certificate of Cancellation of Designation of Series C Senior Preferred Stock
The company filed a certificate to cancel its Series C Senior Preferred Stock designation. This removes a senior class of preferred equity from the capital structure, which may have had priority claims over common shareholders.
Added in current filing · verify on EDGAR →
Redemption Agreement, dated June 3, 2026, by and between Super League Enterprise, Inc., and Yield Point NY, LLC
The company entered into a redemption agreement with Yield Point NY, LLC on June 3, 2026. While the specific terms are not disclosed in this 8-K, redemption agreements typically involve the company buying back securities or settling obligations with the counterparty. This transaction may be related to the preferred stock cancellations disclosed in the same filing.
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