LiveOne (Nasdaq: LVO) Closes $16.775M Debt Financing, Convertible at $2.10 Per Share, Led by Funds Advised by JGB Management, Inc. and Other Investors
LiveOne (Nasdaq: LVO) has secured a $27.775 million senior secured convertible notes financing, with an initial draw of $16.775 million on May 19, 2025. The notes are convertible at $2.10 per share, with potential for an additional $11 million subject to financial performance conditions. The company has already utilized proceeds to pay off its East West Bank loan and certain short-term payables.
Key financial improvements include raising subscription pricing from $3 to $5 since January 2025, extending $5M of short-term payables to long-term debt, and strengthening the balance sheet. Strategic initiatives include expanding to 75 B2B partnerships, converting Tesla subscribers, pursuing M&A opportunities, and leveraging AI for monetizing their 60M database. The company currently maintains 1.5M subscribers and ad-supported users.
LiveOne (Nasdaq: LVO) ha ottenuto un finanziamento tramite note convertibili senior garantite per 27,775 milioni di dollari, con un prelievo iniziale di 16,775 milioni di dollari il 19 maggio 2025. Le note sono convertibili a 2,10 dollari per azione, con la possibilità di ulteriori 11 milioni di dollari soggetti a condizioni di performance finanziaria. L'azienda ha già utilizzato i proventi per estinguere il prestito con East West Bank e alcuni debiti a breve termine.
Tra i miglioramenti finanziari chiave si annoverano l'aumento del prezzo di sottoscrizione da 3 a 5 dollari da gennaio 2025, la trasformazione di 5 milioni di dollari di debiti a breve termine in debiti a lungo termine e il rafforzamento del bilancio. Le iniziative strategiche includono l'espansione a 75 partnership B2B, la conversione degli abbonati Tesla, la ricerca di opportunità di fusioni e acquisizioni e l'utilizzo dell'intelligenza artificiale per monetizzare il loro database di 60 milioni di utenti. Attualmente, l'azienda conta 1,5 milioni di abbonati e utenti supportati da pubblicità.
LiveOne (Nasdaq: LVO) ha asegurado un financiamiento mediante notas convertibles senior garantizadas por 27.775 millones de dólares, con un desembolso inicial de 16.775 millones el 19 de mayo de 2025. Las notas son convertibles a 2.10 dólares por acción, con la posibilidad de otros 11 millones sujetos a condiciones de desempeño financiero. La compañía ya ha utilizado los fondos para saldar su préstamo con East West Bank y ciertas cuentas por pagar a corto plazo.
Las mejoras financieras clave incluyen aumentar el precio de suscripción de 3 a 5 dólares desde enero de 2025, extender 5 millones de dólares de cuentas por pagar a corto plazo a deuda a largo plazo, y fortalecer el balance general. Las iniciativas estratégicas abarcan expandirse a 75 alianzas B2B, convertir suscriptores de Tesla, buscar oportunidades de fusiones y adquisiciones, y aprovechar la inteligencia artificial para monetizar su base de datos de 60 millones. Actualmente, la compañía mantiene 1.5 millones de suscriptores y usuarios con publicidad.
LiveOne (나스닥: LVO)는 2,777만 5천 달러 규모의 선순위 담보 전환사채 자금을 확보했으며, 2025년 5월 19일에 1,677만 5천 달러를 초기 인출했습니다. 전환 가격은 주당 2.10달러이며, 재무 성과 조건에 따라 최대 1,100만 달러 추가 조달 가능성이 있습니다. 회사는 이미 자금을 사용해 East West Bank 대출과 일부 단기 채무를 상환했습니다.
주요 재무 개선 사항으로는 2025년 1월부터 구독 가격을 3달러에서 5달러로 인상한 것, 500만 달러의 단기 채무를 장기 부채로 전환한 것, 그리고 재무구조 강화가 포함됩니다. 전략적 이니셔티브로는 75개 B2B 파트너십 확대, 테슬라 구독자 전환, 인수합병 기회 모색, 6천만 데이터베이스를 활용한 AI 기반 수익화 등이 있습니다. 현재 회사는 150만 명의 구독자와 광고 지원 사용자를 보유하고 있습니다.
LiveOne (Nasdaq : LVO) a obtenu un financement par émission de billets convertibles garantis senior d'un montant de 27,775 millions de dollars, avec un tirage initial de 16,775 millions de dollars le 19 mai 2025. Les billets sont convertibles au prix de 2,10 dollars par action, avec une possibilité d'ajouter 11 millions supplémentaires sous réserve de conditions de performance financière. La société a déjà utilisé les fonds pour rembourser son prêt auprès de East West Bank ainsi que certaines dettes à court terme.
Les principales améliorations financières comprennent une augmentation du prix d'abonnement de 3 à 5 dollars depuis janvier 2025, la conversion de 5 millions de dollars de dettes à court terme en dettes à long terme et le renforcement du bilan. Les initiatives stratégiques incluent l'expansion à 75 partenariats B2B, la conversion des abonnés Tesla, la recherche d'opportunités de fusions-acquisitions et l'exploitation de l'intelligence artificielle pour monétiser leur base de données de 60 millions d'utilisateurs. La société compte actuellement 1,5 million d'abonnés et d'utilisateurs financés par la publicité.
LiveOne (Nasdaq: LVO) hat eine Finanzierung in Form von vorrangig besicherten wandelbaren Schuldverschreibungen in Höhe von 27,775 Millionen US-Dollar gesichert, mit einer anfänglichen Auszahlung von 16,775 Millionen US-Dollar am 19. Mai 2025. Die Schuldverschreibungen sind zu 2,10 US-Dollar pro Aktie wandelbar, mit der Möglichkeit einer zusätzlichen Finanzierung von 11 Millionen US-Dollar, abhängig von finanziellen Leistungsbedingungen. Das Unternehmen hat die Mittel bereits genutzt, um seinen Kredit bei der East West Bank und bestimmte kurzfristige Verbindlichkeiten zu begleichen.
Wesentliche finanzielle Verbesserungen umfassen die Erhöhung des Abonnementpreises von 3 auf 5 US-Dollar seit Januar 2025, die Umwandlung von 5 Millionen US-Dollar kurzfristiger Verbindlichkeiten in langfristige Schulden und die Stärkung der Bilanz. Strategische Initiativen beinhalten die Ausweitung auf 75 B2B-Partnerschaften, die Umwandlung von Tesla-Abonnenten, die Verfolgung von M&A-Möglichkeiten und die Nutzung von KI zur Monetarisierung ihrer 60-Millionen-Datenbank. Das Unternehmen hat derzeit 1,5 Millionen Abonnenten und werbefinanzierte Nutzer.
- Secured $27.775M in convertible notes financing with $16.775M already drawn
- Increased ARPU from $3 to $5 since January 2025, improving revenue per user
- Paid off $7M East West Bank loan and $4M short-term payables, improving debt structure
- Converted $5M short-term payables to long-term debt, enhancing liquidity
- Large growth potential with 60M database for AI monetization
- Potential dilution for shareholders due to convertible notes at $2.10 per share
- Additional $11M funding contingent on meeting financial performance conditions
- Increased debt burden through new convertible notes
Insights
LiveOne secured $16.8M convertible debt at premium pricing while restructuring existing obligations, significantly strengthening its financial position for expansion.
LiveOne's $16.775 million senior secured convertible notes financing represents a significant capital infusion with favorable terms. The $2.10 conversion price suggests investor confidence, as this represents a premium over recent trading levels. The company intelligently deployed these funds to fully extinguish its East West Bank loan ($7M) and address $4M in short-term payables, while extending $5M more to long-term status.
The financial restructuring dramatically improves LiveOne's balance sheet health by eliminating immediate obligations. The potential for an additional $11M in funding creates a favorable capital runway, though this is contingent on meeting financial performance metrics over the next 15 months - creating both opportunity and accountability.
The company's recent 67% ARPU increase (from $3 to $5) since January demonstrates pricing power and improving unit economics. With 1.5M subscribers currently, the subscription price increase alone could generate approximately $36M in additional annualized revenue if fully implemented across the subscriber base.
The planned B2B partnership expansion (targeting 75 new partnerships) and M&A initiatives suggest an aggressive growth strategy now backed by adequate capital. Most promising is LiveOne's focus on monetizing its 60M user database through AI and data mining, potentially unlocking significant revenue streams from this underutilized asset. This comprehensive approach to balance sheet optimization, ARPU growth, and strategic expansion positions LiveOne for improved financial performance in the coming quarters.
- Potential Additional Funding of up to
$11M - Raised subscription price by
$1 /month (ARPU increased from$3 t o$5 since Jan. 1, 2025)
*Financial Moves*
- Paid off
$7M East West Bank loan - Extinguished
$4M short-term payables - Extended
$5M of short-term payable to long-term debt
*Planned Initiatives*
- Grow/close up to 75 B2B partnerships
- Convert Additional Tesla subscribers
- Pursue M&A opportunities
- Expand AI and data mining to monetize 60M database
- Grow current 1.5M subscribers and ad-supported users
LOS ANGELES, May 22, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, today announced that it has closed a
“This financing, with our long-term partner JGB Management, Inc., is a major milestone for LiveOne as we optimize our capital structure and focus on growth and profitability,” said Robert Ellin, Chairman and CEO of LiveOne. “By eliminating our previous debt and securing fresh capital, we are now well-positioned to scale our platform, expand our B2B footprint and execute strategic acquisitions.”
The details of the financing transaction will be fully described in LiveOne’s Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
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 debt 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 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; risks and uncertainties applicable to LiveOne’s ability to satisfy the conditions for closing on the additional
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