LiveOne Announces Proposed Public Offering of Common Stock

LiveOne, an award-winning music and entertainment platform, has announced a proposed public offering of common stock. The offering is subject to market conditions and there is no assurance as to whether or when the offering will be completed. Lucid Capital Markets is acting as the sole book-running manager. The offering is being made pursuant to a shelf registration statement filed with the SEC.

LiveOne (Nasdaq: LVO), an award-winning music, entertainment, and technology platform, has announced plans for an underwritten public offering of common stock shares. The offering is subject to market conditions and there is no assurance as to whether or when it will be completed. Lucid Capital Markets is acting as the sole book-running manager for the offering, which is being conducted under a shelf registration statement on Form S-3 that was filed with the U.S. Securities and Exchange Commission (SEC) on February 13, 2025, and became effective on February 26, 2025 [1][2].

The preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022.

LiveOne, headquartered in Los Angeles, CA, is a creator-first platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. Its subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. The company's over-the-top application, LiveOne, is available on various platforms, including iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications [1][2].

The announcement also includes forward-looking statements, which may involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These statements include LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue, its ability to consummate any proposed financing or transaction, and its ability to continue as a going concern [1][2].

Investors are advised to review LiveOne's filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and its Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, for additional information regarding the risks and uncertainties associated with LiveOne’s business and financial condition [1][2].

References:
[1] https://www.streetinsider.com/Globe+Newswire/LiveOne+%28Nasdaq%3A+LVO%29+Announces+Proposed+Public+Offering+of+Common+Stock/25055832.html
[2] https://www.stocktitan.net/news/LVO/live-one-nasdaq-lvo-announces-proposed-public-offering-of-common-sjov4ftdu1ht.html