LiveOne eliminates $15M+ in short-term debt, expands conversion program

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Go back to LiveOne eliminates $15M+ in short-term debt, expands conversion program

LiveOne (Nasdaq: LVO) Eliminates $15M+ Short-Term Liabilities, Delivering $13M+ in Cash Savings; Expands Stock Conversion Program to $15M+ at $7.50 per Share, with $8M Completed

April 22, 2026 8:00 AM EDT

LOS ANGELES, April 22, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), a leading music, entertainment, and technology platform, today announced a series of strategic financial and operational milestones that significantly enhance its balance sheet and reinforce long-term growth initiatives.

This is an important step toward strengthening our balance sheet and eliminating going concern opinions, said Robert Ellin, Chairman and CEO of LiveOne. By reducing near-term obligations and executing on our stock conversion strategy, we are enhancing financial stability and positioning the Company for long-term growth.

About LiveOne

Headquartered in Los Angeles, CA, LiveOne... More