LiveOne (Nasdaq: LVO) Announces Harvest Small Cap Partners and No Street Capital Lead 6.75M Preferred Stock Conversion at $1.50 per Share

Rhea-AI Summary

LiveOne (Nasdaq: LVO), a music, entertainment, and technology platform, announced that investors Harvest Small Cap Partners and No Street Capital have converted their preferred stock to common stock at $1.50 per share. The conversion represents a total value of $6.75 million.

CEO Robert Ellin highlighted this move as a significant vote of confidence from respected investors, emphasizing how the conversion strengthens the company's capital structure and aligns with shareholder interests.

Positive

• Strategic investors converting preferred shares at $1.50 per share demonstrates confidence in company valuation
• Conversion strengthens capital structure by reducing preferred stock obligations
• Alignment of investor interests with common shareholders

Negative

• Conversion will increase the number of outstanding common shares, potentially causing dilution

News Market Reaction

+2.65% 3.3x vol

18 alerts

+2.65% News Effect

+23.6% Peak Tracked

-9.6% Trough Tracked

+$2M Valuation Impact

$78M Market Cap

3.3x Rel. Volume

On the day this news was published, LVO gained 2.65%, reflecting a moderate positive market reaction. Argus tracked a peak move of +23.6% during that session. Argus tracked a trough of -9.6% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $78M at that time. Trading volume was very high at 3.3x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, July 16, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced certain investors elected to convert their preferred stock to common stock at $1.50 per share.

“We are incredibly excited and grateful that our amazing partners, Harvest Funds and No Street Capital, have elected to convert their preferred shares into common stock at $1.50 per share,” said Robert Ellin, CEO of LiveOne. “This vote of confidence from such highly respected investors reinforces their belief in our long-term vision and growth strategy. Their decision strengthens our capital structure, aligns interests with shareholders, and sets the stage for the next phase of value creation at LiveOne.”

About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and X at @liveone. For more investor information, please visit ir.liveone.com.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

LiveOne Press Contact:

press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

FAQ

What is the value of LiveOne (LVO) preferred stock being converted to common shares?

Harvest Small Cap Partners and No Street Capital are converting $6.75 million worth of preferred stock to common shares at $1.50 per share.

Who are the investors converting LiveOne (LVO) preferred stock?

Harvest Small Cap Partners and No Street Capital are the investors converting their preferred stock to common shares.

What is the conversion price for LiveOne (LVO) preferred shares?

The preferred shares are being converted at $1.50 per common share.

How does the preferred stock conversion affect LiveOne's capital structure?

The conversion strengthens LiveOne's capital structure by reducing preferred stock obligations and aligning investor interests with common shareholders.

What did LiveOne's CEO say about the preferred stock conversion?

CEO Robert Ellin stated it was a vote of confidence from highly respected investors that reinforces their belief in the company's long-term vision and growth strategy.