LiveOne, Inc 8-K/A, filed Jul 11, 2023
LiveOne, Inc. (LVO)
About this 8-K/A
LiveOne, Inc filed this 8-K/A on July 11, 2023, reporting on events of July 15, 2022.
Items reported
- Item 1.01: Entered into a material agreement
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SECURITIES AND EXCHANGE COMMISSION
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FORM
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CURRENT REPORT
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Item 1.01 Entry Into a Material Definitive Agreement.
As previously reported in LiveOne, Inc.’s (the “Company”) Current Report on Form 8-K, filed with the SEC on July 20, 2022, on July 15, 2022, Courtside Group, Inc. (dba PodcastOne) (“PodcastOne”), a wholly owned subsidiary of the Company, completed a private placement offering of PodcastOne’s unsecured convertible notes with an original issue discount of 10% in the aggregate principal amount of $8,838,500 (the “Notes”) to certain accredited investors and institutional investors (collectively, the “Purchasers”), for gross proceeds of $8,035,000 pursuant to the Subscription Agreements entered into with the Purchasers.
Pursuant to the terms of the Notes, on July 6, 2023, PodcastOne notified the Purchasers of its election to extend the maturity date of the remaining Notes to October 15, 2023 in connection with PodcastOne’s continued efforts to consummate a direct listing of PodcastOne’s shares of common stock on a national securities exchange.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIVEONE, INC. | ||
| Dated: July 11, 2023 | By: | /s/ Robert S. Ellin |
| Name: | Robert S. Ellin | |
| Title: | Chief Executive Officer and Chairman of the Board of Directors | |