LiveOne (Nasdaq: LVO) Announces Harvest Small Cap Partners and No Street Capital Lead 6.75M Preferred Stock Conversion at $1.50 per Share
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.
LiveOne (Nasdaq: LVO), una piattaforma di musica, intrattenimento e tecnologia, ha annunciato che gli investitori Harvest Small Cap Partners e No Street Capital hanno convertito le loro azioni privilegiate in azioni ordinarie al prezzo di $1,50 per azione. La conversione rappresenta un valore totale di 6,75 milioni di dollari.
Il CEO Robert Ellin ha sottolineato che questa operazione rappresenta un importante segnale di fiducia da parte di investitori autorevoli, evidenziando come la conversione rafforzi la struttura patrimoniale dell'azienda e sia in linea con gli interessi degli azionisti.
LiveOne (Nasdaq: LVO), una plataforma de música, entretenimiento y tecnología, anunció que los inversionistas Harvest Small Cap Partners y No Street Capital han convertido sus acciones preferentes en acciones comunes a $1.50 por acción. La conversión representa un valor total de $6.75 millones.
El CEO Robert Ellin destacó este movimiento como un voto significativo de confianza por parte de inversionistas respetados, enfatizando cómo la conversión fortalece la estructura de capital de la empresa y se alinea con los intereses de los accionistas.
LiveOne (나스닥: LVO)는 음악, 엔터테인먼트 및 기술 플랫폼으로서, 투자자들인 Harvest Small Cap Partners와 No Street Capital이 우선주를 주당 $1.50에 보통주로 전환했다고 발표했습니다. 이번 전환은 총 675만 달러의 가치를 나타냅니다.
CEO 로버트 엘린은 이 조치를 존경받는 투자자들의 중요한 신뢰의 표시로 강조하며, 이번 전환이 회사의 자본 구조를 강화하고 주주 이익과 일치한다고 밝혔습니다.
LiveOne (Nasdaq : LVO), une plateforme de musique, divertissement et technologie, a annoncé que les investisseurs Harvest Small Cap Partners et No Street Capital ont converti leurs actions privilégiées en actions ordinaires au prix de 1,50 $ par action. Cette conversion représente une valeur totale de 6,75 millions de dollars.
Le PDG Robert Ellin a souligné que cette opération constitue un important vote de confiance de la part d'investisseurs respectés, mettant en avant comment cette conversion renforce la structure du capital de l'entreprise et s'aligne avec les intérêts des actionnaires.
LiveOne (Nasdaq: LVO), eine Plattform für Musik, Unterhaltung und Technologie, gab bekannt, dass die Investoren Harvest Small Cap Partners und No Street Capital ihre Vorzugsaktien zu einem Preis von 1,50 $ pro Aktie in Stammaktien umgewandelt haben. Die Umwandlung hat einen Gesamtwert von 6,75 Millionen Dollar.
CEO Robert Ellin hob diese Maßnahme als ein bedeutendes Vertrauensvotum von angesehenen Investoren hervor und betonte, wie die Umwandlung die Kapitalstruktur des Unternehmens stärkt und mit den Interessen der Aktionäre übereinstimmt.
- 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
- Conversion will increase the number of outstanding common shares, potentially causing dilution
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
“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
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.
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FAQ
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