<a href="https://laohu8.com/S/LVO">LiveOne Inc</a>. Announces Conversion of Preferred Shares into Common Stock, Reducing Debt by $6.75 Million
LiveOne Inc. has announced a strategic conversion of its Series A Perpetual Convertible Preferred Stock as part of its latest financial maneuvers. On July 15, 2025, the company entered into agreements with Harvest Small Cap Partners and Trinad Capital, exchanging a total of $6,750,000 worth of preferred shares for 4,500,000 shares of common stock. This conversion, priced at $1.50 per share, also grants the holders three-year warrants to purchase additional shares at $0.01 each. The move is aimed at strengthening LiveOne's financial structure and optimizing its capital base. The company has committed to filing a Registration Statement to facilitate the resale of these warrants and shares, ensuring regulatory compliance and enhancing shareholder value.
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. LiveOne 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: 0001213900-25-064338), on July 15, 2025, and is solely responsible for the information contained therein.
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