LiveOne (LVO) Announces $2.4M Debt Conversion at $2.10/sh

LiveOne (Nasdaq: LVO), a global platform for livestream and on-demand audio, video, and podcast/vodcast content in music, comedy, and pop culture, and owner of LiveXLive, PodcastOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records and Custom Personalization Solutions, announced today that approximately $2.4 million of outstanding debt was exchanged into shares of LiveOne's common stock at a price of $2.10 per share. LiveOne expects holders of substantial additional payables and debt to also convert/exchange into LiveOne's equity.

LiveOne has the first talent-centric platform focused on superfans and building long-term franchises in on-demand audio and video, podcasting, vodcasting, OTT linear channels, pay-per-view, NFTs, and livestreaming. Its unique model includes multiple monetization paths including subscription, advertising, sponsorship, merchandise sales, licensing, and ticketing.

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