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Stock offerings

LiveOne Announces Underwritten Public Offering of Shares

Strategic Insights

— 2 min read

LiveOne, an award-winning, creator-first music, entertainment, and technology platform, is commencing an underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there is no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Lucid Capital Markets is acting as the sole book-running manager for the offering. This development follows LiveOne's recent filing of a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) on February 13, 2025, which was declared effective on February 26, 2025.

Key Takeaways:

  • LiveOne is commencing an underwritten public offering of shares of its common stock, with Lucid Capital Markets as the sole book-running manager.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • The public offering is being made pursuant to a shelf registration statement on Form S-3 filed with the SEC on February 13, 2025, and declared effective on February 26, 2025.
  • The offering is intended to allow LiveOne to raise capital and fund its growth strategy, including its technology platforms and applications.
  • LiveOne has a stock repurchase program in place, under which it intends to repurchase shares of its and/or PodcastOne's common stock from time to time.
  • LiveOne's executive team has identified several key areas of focus, including the development of premium experiences and content, the expansion of its over-the-top application, and the growth of its user base.

Statistics:

  • LiveOne's current market capitalization is not specified in the press release.
  • The shelf registration statement on Form S-3 filed with the SEC on February 13, 2025, covers up to 10 million shares of common stock.
  • LiveOne's over-the-top application is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications.
  • LiveOne has a stock repurchase program in place, under which it intends to repurchase up to $50 million of its common stock.

Sources:

  • GlobeNewswire - "LiveOne Announces Underwritten Public Offering of Shares"
  • LiveOne press release - "LiveOne Announces Underwritten Public Offering of Shares"
  • Form S-3 filing with the SEC on February 13, 2025
  • LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2024
  • LiveOne's Quarterly Report on Form 10-Q for the quarter ended December 31, 2024

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