LiveOne Inc. shares fall 4% premarket after announcing a proposed public offering of common stock.

LiveOne Inc. declined 4% in premarket trading, following the announcement of a proposed public offering of common stock. The company, an award-winning, creator-first music, entertainment, and technology platform, is commencing an underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Lucid Capital Markets is acting as the sole book-running manager for the offering.