UNITED STATES
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
As previously reported, on July 15, 2025, LiveOne, Inc. (“LiveOne”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lucid Capital Markets, LLC (the “Underwriter”) pursuant to which the Company will issue and sell to the Underwriter 13,608,334 shares (the “Shares”) of the Company’s common stock, $0.001 par value per share (the “common stock”), at an offering price of $0.75 per Share and which includes the grant to the Underwriter of an option for the issuance and sales of up to 1,775,000 additional Shares (the “Option”) to be sold by the Company (the “Offering”). The aggregate gross proceeds to the Company from the Offering will be approximately $9.5 million (including the exercise of the Underwriter’s Option), after deducting an underwriting discount of 7% of the price to the public, but before deducting expenses payable by the Company in connection with the Offering. Pursuant to the Underwriting Agreement the Company also agreed to issue the Underwriter’s common stock purchase warrants to purchase up to 4% of the securities sold in the Offering at an exercise price of $0.9375.
The Offering, including the Option, closed on July 17, 2025.
Please refer to the Company’s Report on Form 8-K filed with the U.S. Securities and Exchange Commission on July 17, 2025 for a summary of the Offering and the material terms of the Underwriting Agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LIVEONE, INC. | ||
Dated: July 17, 2025 | By: | /s/ Ryan Carhart |
Name: | Ryan Carhart | |
Title: | Chief Financial Officer |
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