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

Reuters
21 Jun
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.

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