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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 1, 2024

LIVEONE, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38249		98-0657263
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

269 South Beverly Drive, Suite 1450

Beverly Hills, CA 90212

(Address of principal executive offices) (Zip Code)

(310) 601-2505

(Registrant’s telephone number, including area code)

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $0.001 par value per share		LVO		The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On April 1, 2024 (the “Effective Date”), LiveOne, Inc. (the “Company”) entered into Letter Agreements (collectively, the “Agreements”) with (i) Harvest Small Cap Partners Master, Ltd. (“HSCPM”), (ii) Harvest Small Cap Partners, L.P. (“HSCP” and together with HSCPM, the “Harvest Funds”), and (iii) Trinad Capital Master Fund Ltd., a fund controlled by Mr. Ellin, the Company’s Chief Executive Officer, Chairman, director and principal stockholder (“Trinad Capital” and collectively with the Harvest Funds, the “Holders”), the holders of the Company’s Series A Perpetual Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”), with a stated value of $1,000 per share. Pursuant to the Agreements (i) the Holders converted approximately $11.4 million worth of shares of Series A Preferred Stock into shares of the Company’s common stock, at a price of $2.10 per share, as follows: HSCPM converted 5,602.09 shares of Series A Preferred Stock into 2,667,664 shares of the Company’s common stock, HSCP converted 2,397.91 shares of Series A Preferred Stock into 1,141,860 shares of the Company’s common stock, and Trinad Capital converted 3,395.09 shares of Series A Preferred Stock into 1,616,709 shares of the Company’s common stock (collectively, the “Shares”), and (ii) HSCPM, HSCP and Trinad Capital received 910,340, 389,660 and 535,399 three-year warrants to purchase the Company’s common stock exercisable at a price of $2.10 per share (collectively, the “Warrants”).

In addition, pursuant to the Agreements, the Harvest Funds agreed (x) that any future dividends payable on the Series A Preferred Stock shall be paid in-kind or in cash at the option of the Company; provided, that as long as any Series A Preferred Stock is held by the Harvest Funds, Trinad Capital shall receive the dividend solely in kind, (y) to delete the requirement for the Company to purchase from the Harvest Funds $5,000,000 in aggregate of the then outstanding shares of Series A Preferred Stock held by the Harvest Funds on or before August 3, 2024.

The Shares and the Warrants were issued, and the shares of the Company’s common stock underlying the Warrants (the “Warrant Shares”), to the extent exercised, will be issued, to the Holders as restricted securities in a private placement transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

The Company further agreed, on or prior to the date that is 45 days after the Effective Date, to prepare and file with the U.S. Securities and Exchange Commission (the SEC”) a Registration Statement on Form S-3 (or such other form as applicable) covering the resale under the Securities Act of the Warrants and the Warrant Shares. The Company agreed to use its commercially reasonable best efforts to cause such registration statement to be declared effective promptly thereafter on or before 45 days after the filing of such registration statement (or if the SEC issues any comments with respect to such registration statement, on or before 90 days after the filing of such registration statement). Upon effectiveness of such Registration Statement, the Company agreed to use its reasonable best efforts to keep the Registration Statement effective with the SEC for a period equal to three years from the Effective Date for the Warrants, and with respect to the Warrant Shares, so long as any Warrants are outstanding, and to supplement, amend and/or re-file such Registration Statement to comply with such effectiveness requirement.

The foregoing summary of the terms of the Agreements and the Warrants is incomplete and subject to, and qualified in their entirety by, the actual terms of the Exchange Agreements and the Warrants, which are attached hereto as Exhibits 10.1, 10.2, 10.3, 4.1, 4.2 and 4.3, respectively, and are hereby incorporated by reference.

Item 3.02 Unregistered Sales of Equity Securities.

The information described under Item 1.01 above is incorporated by reference in this Item 3.02.

Item 8.01 Other Information.

On April 3, 2024, the Company issued a press release announcing the execution of the Agreements. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”).

The information in this Item 8.01, including Exhibit 99.1 attached hereto, is furnished pursuant to Item 8.01 and shall not be deemed “filed” for any other purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 8.01 of this Current Report, including Exhibit 99.1 attached hereto, shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing unless specifically provided otherwise.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.		Description
4.1*		Warrant to Purchase Common Stock, dated as of April 1, 2024, issued by the Company to Harvest Small Cap Partners, L.P.
4.2*		Warrant to Purchase Common Stock, dated as of April 1, 2024, issued by the Company to Harvest Small Cap Partners, Ltd.
4.3*		Warrant to Purchase Common Stock, dated as of April 1, 2024, issued by the Company to Trinad Capital Master Fund Ltd.
10.1*		Letter Agreement, dated as of April 1, 2024, between the Company and Harvest Small Cap Partners, L.P.
10.2*		Letter Agreement, dated as of April 1, 2024, between the Company and Harvest Small Cap Partners, Ltd.
10.3*		Letter Agreement, dated as of April 1, 2024, between the Company and Trinad Capital Master Fund Ltd.
99.1**		Press release, dated April 3, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

*	Filed herewith.
**	Furnished herewith.

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: April 5, 2024	By:	/s/ Aaron Sullivan
	Name:	Aaron Sullivan
	Title:	Chief Financial Officer

EX-4.1 2 ea020335801ex4-1_live.htm WARRANT TO PURCHASE COMMON STOCK, DATED AS OF APRIL 1, 2024, ISSUED BY THE COMPANY TO HARVEST SMALL CAP PARTNERS, L.P

Exhibit 4.1

Warrant Certificate No. HS-001

NEITHER THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS.

Effective Date: April 1, 2024

Void After: April 1, 2027

LIVEONE, INC.

WARRANT TO PURCHASE COMMON STOCK

LiveOne, Inc., a Delaware corporation (the “Company”), for value received on April 1, 2024 (the “Effective Date”), hereby issues to Harvest Small Cap Partners, L.P. (the “Holder” or “Warrant Holder”) this warrant (this “Warrant”) to purchase 389,660 shares of Common Stock (for purposes of this Warrant, each such share as from time to time adjusted as hereinafter provided being a “Warrant Share” and all such shares being the “Warrant Shares”) of the Company’s Common Stock (as defined below), at the Exercise Price (as defined below), on or before April 1, 2027 (the “Expiration Date”), all subject to the terms and conditions of this Warrant. This Warrant has been issued pursuant to the Preferred Stock Conversion and Warrants Issuance Letter Agreement, dated as of April 1, 2024 (the “Conversion Agreement”), entered into between the Company and the Holder.

As used in this Warrant, (i) “Business Day” means any day other than Saturday, Sunday or any other day on which commercial banks in the City of New York, New York, are authorized or required by law or executive order to close; (ii) “Common Stock” means the common stock of the Company, $0.001 par value per share, including any securities issued or issuable with respect thereto or into which or for which such shares may be exchanged for, or converted into, pursuant to any stock dividend, stock split, stock combination, recapitalization, reclassification, reorganization or other similar event; (iii) “Exercise Price” means $2.10 per share of Common Stock, subject to adjustment as provided herein; and (iv) “Trading Day” means any day on which the Common Stock is traded (or available for trading) on its principal trading market.

1. DURATION AND EXERCISE OF WARRANT

(a) Exercise Period. The Holder may exercise this Warrant in whole or in part on any Business Day on or before 5:30 P.M., Eastern Time, on the Expiration Date, at which time this Warrant shall become void and of no value.

(b) Exercise Procedures.

(i) While this Warrant remains outstanding and exercisable in accordance with Section 1(a), the Holder may exercise this Warrant in whole or in part at any time and from time to time by:

(A) delivery to the Company of a duly executed copy of the Notice of Exercise attached as Exhibit A;

(B) surrender of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency as the Company may specify in writing to the Holder; and

(C) payment of the then-applicable Exercise Price per full share multiplied by the number of Warrant Shares being purchased upon exercise of the Warrant (such amount, the “Aggregate Exercise Price”) made in accordance with Section 1(b)(ii).

(ii) Payment of the Aggregate Exercise Price shall be made, at the option of the Holder as expressed in the Notice of Exercise, by the following methods:

(A) by delivery to the Company of a certified or official bank check payable to the order of the Company or by wire transfer of immediately available funds to an account designated in writing by the Company, in the amount of such Aggregate Exercise Price; or

(B) Holder may instruct the Company to issue Warrant Shares then issuable upon exercise of all or any part of this Warrant on a net basis such that, without payment of any cash consideration or other immediately available funds, the Holder shall surrender this Warrant in exchange for the number of Warrant Shares as is computed using the following formula:

Where:

X = the number of Warrant Shares to be issued to the Holder.

Y = the total number of Warrant Shares for which the Holder has elected to exercise this Warrant pursuant to Section 3(a).

A = the Fair Market Value of one Warrant Share as of the applicable Exercise Date.

B = the Exercise Price in effect under this Warrant as of the applicable Exercise Date.

X = Y(A - B) ÷ A

“Fair Market Value” means, as of any particular date: (a) the volume weighted average of the closing sales prices of the Common Stock for such day on all domestic securities exchanges on which the Common Stock may at the time be listed; (b) if there have been no sales of the Common Stock on any such exchange on any such day, the average of the highest bid and lowest asked prices for the Common Stock on all such exchanges at the end of such day; (c) if on any such day the Common Stock is not listed on a domestic securities exchange, the closing sales price of the Common Stock as quoted on the OTC Markets or similar quotation system or association for such day; or (d) if there have been no sales of the Common Stock on such a quotation system or association on such day, the average of the highest bid and lowest asked prices for the Common Stock quoted on the OTC Markets or similar quotation system or association for such day; in each case, averaged over twenty (20) consecutive Business Days ending on the Business Day immediately prior to the day as of which “Fair Market Value” is being determined; provided, that if the Common Stock is listed on any domestic securities exchange, the term “Business Day” as used in this sentence means Business Days on which such exchange is open for trading. If at any time the Common Stock is not listed on any domestic securities exchange or quoted on the OTC Markets or similar quotation system or association, the “Fair Market Value” of the Common Stock shall be the fair market value per share as determined jointly by the Board and a majority of the holders that hold notes of the series of notes issued on the Original Issue Date of like tenor as this Note; provided, that if the Board and the Holder are unable to agree on the fair market value per share of the Common Stock within a reasonable period of time (not to exceed thirty (30) days from the Company’s receipt of the Notice of Exercise), such fair market value shall be determined by a nationally recognized investment banking, accounting or valuation firm engaged by the Company. The determination of such firm shall be final and conclusive, and the fees and expenses of such valuation firm shall be borne equally by the Company and the Holder.

(c) Upon the exercise of this Warrant in compliance with the provisions of this Section 1(b), the Company shall promptly issue and cause to be delivered to the Holder a certificate for the Warrant Shares purchased by the Holder. Each exercise of this Warrant shall be effective immediately prior to the close of business on the date (the “Exercise Date”) that the conditions set forth in Section 1(b) have been satisfied, as the case may be. Promptly following the date on which the Company has received each of the properly completed Notice of Exercise and the Aggregate Exercise Price (if in cash, in cleared funds) (the “Exercise Delivery Documents”), the Company shall transmit an acknowledgment of receipt of the Exercise Delivery Documents to the Company or its transfer agent, if one has been appointed by the Company at such time (the “Transfer Agent”). Promptly following the date on which the Company has received all of the Exercise Delivery Documents (the “Share Delivery Date”), the Company shall use its best efforts to cause its transfer agent to issue and dispatch by nationally recognized mail service to the address as specified in the Notice of Exercise, a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant to such exercise.

(d) Partial Exercise. This Warrant shall be exercisable, either in its entirety or, from time to time, for part only of the number of Warrant Shares referenced by this Warrant. If this Warrant is submitted in connection with any exercise pursuant to Section 1 and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the actual number of Warrant Shares being acquired upon such an exercise, then the Company shall promptly after any exercise and at its own expense, issue a new Warrant of like tenor representing the right to purchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised.

(e) Disputes. In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed and resolve such dispute in accordance with Section 13 of this Warrant.

2. ISSUANCE OF WARRANT SHARES

(a) The Company covenants that all Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be (i) duly authorized, fully paid and non-assessable, and (ii) free from all liens, charges and security interests, with the exception of claims arising through the acts or omissions of any Holder and except as arising from applicable Federal and state securities laws.

(b) The Company shall register this Warrant upon records to be maintained by the Company for that purpose in the name of the record holder of such Warrant from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner thereof for the purpose of any exercise thereof, any distribution to the Holder thereof and for all other purposes.

(c) The Company will not, by amendment of its certificate of incorporation, by-laws or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all action necessary or appropriate in order to protect the rights of the Holder to exercise this Warrant, or against impairment of such rights.

(d) With respect to the exercise of this Warrant, the Company hereby represents, covenants, and agrees:

(i) This Warrant is, and any Warrant issued in substitution for or replacement of this Warrant shall be, upon issuance, duly authorized and validly issued.

(ii) All Warrant Shares issuable upon the exercise of this Warrant pursuant to the terms hereof shall be, upon issuance, and the Company shall take all such actions as may be necessary or appropriate in order that such Warrant Shares are, validly issued, fully paid, and non-assessable, issued without violation of any preemptive or similar rights of any stockholder of the Company and free and clear of all taxes, liens, and charges.

(iii) The Company shall take all such actions as may be necessary to ensure that all such Warrant Shares are issued without violation by the Company of any applicable law or governmental regulation or any requirements of any domestic securities exchange upon which shares of Common Stock or other securities constituting Warrant Shares may be listed at the time of such exercise (except for official notice of issuance which shall be immediately delivered by the Company upon each such issuance).

(iv) The Company shall use its best efforts to cause the Warrant Shares, immediately upon such exercise, to be listed on any domestic securities exchange upon which shares of Common Stock or other securities constituting Warrant Shares are listed at the time of such exercise.

(v) The Company shall pay all expenses in connection with, and all taxes and other governmental charges that may be imposed with respect to, the issuance or delivery of Warrant Shares upon exercise of this Warrant; provided, that the Company shall not be required to pay any tax or governmental charge that may be imposed with respect to any applicable withholding or the issuance or delivery of the Warrant Shares to any Person other than the Holder, and no such issuance or delivery shall be made unless and until the Person requesting such issuance has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

3. ADJUSTMENTS OF EXERCISE PRICE, NUMBER AND TYPE OF WARRANT SHARES

(a) The Exercise Price and the number of shares purchasable upon the exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of certain events described in this Section 3. During the Exercise Period, the Company shall at all times reserve and keep available out of its authorized but unissued Common Stock or other securities constituting Warrant Shares, solely for the purpose of issuance upon the exercise of this Warrant, the maximum number of Warrant Shares issuable upon the exercise of this Warrant, and the par value per Warrant Share shall at all times be less than or equal to the applicable Exercise Price. The Company shall not increase the par value of any Warrant Shares receivable upon the exercise of this Warrant above the Exercise Price then in effect, and shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this Warrant.

(i) Subdivision or Combination of Stock. In case the Company shall at any time (i) pay to all stockholders of the Company a dividend or make to all stockholders of the Company any other distribution upon the Common Stock or any other capital stock of the Company payable in shares of Common Stock or in options or convertible securities, the Exercise Price in effect immediately prior to such subdivision shall be proportionately decreased, or (ii) subdivide (whether by way of stock dividend, stock split or otherwise) its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Shares shall be proportionately increased, and conversely, in case the outstanding shares of Common Stock of the Company shall be combined (whether by way of stock combination, reverse stock split or otherwise) into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares shall be proportionately decreased. The Exercise Price and the Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 3(a)(i).

(ii) Reorganization, Reclassification, Consolidation, Merger or Sale. In the event of any (i) capital reorganization of the Company, (ii) reclassification of the shares of the Company (other than a change in par value or from par value to no par value or from no par value to par value or as a result of a share dividend or subdivision, split-up or combination of shares), (iii) consolidation or merger of the Company with or into another person, (iv) sale of all or substantially all of the Company’s assets to another Person, or (v) other similar transaction, in each case which entitles the holders of Common Stock to receive (either directly or upon subsequent liquidation) stock, securities or assets with respect to or in exchange for Common Stock, each Warrant shall, immediately after such reorganization, reclassification, consolidation, merger, sale or similar transaction, remain outstanding and shall thereafter, in lieu of or in addition to (as the case may be) the number of Warrant Shares then exercisable under this Warrant, be exercisable for the kind and number of shares or other securities or assets of the Company or of the successor Person resulting from such transaction to which the Holder would have been entitled upon such reorganization, reclassification, consolidation, merger, sale or similar transaction if the Holder had exercised this Warrant in full immediately prior to the time of such reorganization, reclassification, consolidation, merger, sale or similar transaction and acquired the applicable number of Warrant Shares then issuable hereunder as a result of such exercise (without taking into account any limitations or restrictions on the exercisability of this Warrant); and, in such case, appropriate adjustment (in form and substance satisfactory to the Holder) shall be made with respect to the Holder’s rights under this Warrant to insure that the provisions of this Section 3(a)(ii) shall thereafter be applicable, as nearly as possible, to this Warrant in relation to any shares, securities or assets thereafter acquirable upon exercise of this Warrant (including, in the case of any consolidation, merger, sale or similar transaction in which the successor or purchasing Person is other than the Company, an immediate adjustment in the Exercise Price to the value per share for the Common Stock reflected by the terms of such consolidation, merger, sale or similar transaction, and a corresponding immediate adjustment to the number of Warrant Shares acquirable upon exercise of this Warrant without regard to any limitations or restrictions on exercise, if the value so reflected is less than the Exercise Price in effect immediately prior to such consolidation, merger, sale or similar transaction). The provisions of this Section 3(a)(ii) shall similarly apply to successive reorganizations, reclassifications, consolidations, mergers, sales or similar transactions. The Company shall not effect any such reorganization, reclassification, consolidation, merger, sale or similar transaction unless, prior to the consummation thereof, the successor Person (if other than the Company) resulting from such reorganization, reclassification, consolidation, merger, sale or similar transaction, shall assume, by written instrument substantially similar in form and substance to this Warrant and satisfactory to the Holder, the obligation to deliver to the Holder such shares, securities or assets which, in accordance with the foregoing provisions, such Holder shall be entitled to receive upon exercise of this Warrant.

(b) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this Section 3, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder of this Warrant a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The certificate shall also set forth the number of shares and the amount, if any, of other property which at the time would be received upon the exercise of the Warrant.

4. TRANSFERS AND EXCHANGES OF WARRANT AND WARRANT SHARES

(a) Transfer of Warrant. Subject to the transfer conditions referred to in the legend endorsed hereon, this Warrant and all rights hereunder are transferable, in whole or in part, by the Holder without charge to the Holder, upon surrender of this Warrant to the Company at its then principal executive offices with a properly completed and duly executed Assignment in the form attached hereto as Exhibit B. Upon such compliance, surrender, and delivery and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant, if any, not so assigned and this Warrant shall promptly be cancelled.

(b) Warrant Exchangeable for Different Denominations. The Holder may exchange this Warrant for a new Warrant or Warrants, in substantially the form of this Warrant, evidencing in the aggregate the right to purchase the number of Warrant Shares which may then be purchased hereunder, each of such new Warrants to be dated the date of such exchange and to represent the right to purchase such number of Warrant Shares as shall be designated by the Holder. The Holder shall surrender this Warrant with duly executed instructions regarding such re-certification of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency as the Company may specify in writing to the Holder.

(c) Restrictions on Transfers. This Warrant and the shares of Common Stock underlying this Warrant may not be transferred at any time without (i) registration under the Securities Act of 1933, as amended (the “Securities Act”), or (ii) an exemption from such registration and a written opinion of legal counsel addressed to the Company that the proposed transfer of the Warrant may be effected without registration under the Securities Act, which opinion will be in the form and from counsel reasonably satisfactory to the Company.

5. MUTILATED OR MISSING WARRANT CERTIFICATE

If this Warrant is mutilated, lost, stolen or destroyed, upon request by the Holder, the Company will, at its expense, issue, in exchange for and upon cancellation of the mutilated Warrant, or in substitution for the lost, stolen or destroyed Warrant, a new Warrant, in substantially the form of this Warrant, representing the right to acquire the equivalent number of Warrant Shares; provided, that, as a prerequisite to the issuance of a substitute Warrant, the Company may require satisfactory evidence of loss, theft or destruction as well as an indemnity from the Holder of a lost, stolen or destroyed Warrant.

6. PAYMENT OF TAXES; FRACTIONAL WARRANT SHARES

No fractional Warrant Shares shall be issued upon exercise of this Warrant. The Company, in lieu of issuing any fractional Warrant Share, shall round down the aggregate number of Warrant Shares issuable to a Holder to the nearest whole share. The Company will pay all transfer and stock issuance taxes attributable to the preparation, issuance and delivery of this Warrant and the Warrant Shares (and replacement Warrants) including, without limitation, all documentary and stamp taxes; provided, however, that the Company shall not be required to pay any tax in respect of the transfer of this Warrant, or the issuance or delivery of certificates for Warrant Shares or other securities in respect of the Warrant Shares to any person or entity other than to the Holder.

7. NO STOCK RIGHTS AND LEGEND

No holder of this Warrant, as such, shall be entitled to vote or be deemed the holder of any other securities of the Company that may at any time be issuable on the exercise hereof, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, the rights of a stockholder of the Company or the right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or give or withhold consent to any corporate action or to receive notice of meetings or other actions affecting stockholders (except as provided herein), or to receive dividends or subscription rights or otherwise (except as provide herein).

Each certificate for Warrant Shares initially issued upon the exercise of this Warrant, and each certificate for Warrant Shares issued to any subsequent transferee of any such certificate, shall be stamped or otherwise imprinted with a legend in substantially the following form:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR (3) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, AND BASED ON AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT THE PROVISIONS OF REGULATION S HAVE BEEN SATISFIED.”

8. NOTICES

Any notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently given if hand-delivered or sent (i) postage prepaid by registered mail, return receipt requested, (ii) electronic mail or (iii) by facsimile, to the respective parties as set forth below, or to such other address as either party may notify the other in writing.

	If to the Company, to:	LiveOne, Inc.
		269 S. Beverly Dr., Suite #1450
		Beverly Hills, CA 90212
		Attention: Robert S. Ellin, CEO Email: rob@liveone.com with a copy to (which shall not constitute notice) Tenia Muhammad at tenia@livone.com and Sasha Ablovatskiy, Esq. of Foley Shechter Ablovatskiy LLP at sablovatskiy@foleyshechter.com

If to Holder, to the address set forth in the Conversion Agreement.

9. SEVERABILITY

If any provision of this Warrant shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Warrant in that jurisdiction or the validity or enforceability of any provision of this Warrant in any other jurisdiction.

10. BINDING EFFECT

This Warrant shall be binding upon and inure to the sole and exclusive benefit of the Company, its successors and assigns, and the registered Holder or Holders from time to time of this Warrant and the Warrant Shares.

11. SURVIVAL OF RIGHTS AND DUTIES

This Warrant shall terminate and be of no further force and effect on the earlier of 5:30 p.m. Eastern Time, on the Expiration Date or the date on which this Warrant has been exercised in full.

12. GOVERNING LAW

All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Warrant (whether brought against a party hereto or its respective affiliates, directors, officers, stockholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the County of New Castle. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of Delaware for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of this Warrant), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it as set forth in the Conversion Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

13. DISPUTE RESOLUTION

In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the Company shall submit its determinations or arithmetic calculations via facsimile or email within seven (7) Business Days of receipt of the Notice of Exercise giving rise to such dispute, as the case may be, to the Holder.

14. NOTICES OF RECORD DATE

Upon (a) any establishment by the Company of a record date of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend or other distribution, or right or option to acquire securities of the Company, to vote at a special meeting (or by written consent) of the Company’s stockholders, or any other right, or (b) any capital reorganization, reclassification, recapitalization, merger or consolidation of the Company with or into any other corporation, any transfer of all or substantially all the assets of the Company, or any voluntary or involuntary dissolution, liquidation or winding up of the Company, or the sale, in a single transaction, of a majority of the Company’s voting stock (whether newly issued, or from treasury, or previously issued and then outstanding, or any combination thereof), the Company shall mail to the Holder at least ten (10) Business Days, or such longer period as may be required by law, prior to the record date specified therein, a notice specifying (i) the date established as the record date for the purpose of such dividend, distribution, option or right and a description of such dividend, option or right, (ii) the date on which any such reorganization, reclassification, transfer, consolidation, merger, dissolution, liquidation or winding up, or sale is expected to become effective and (iii) the date, if any, fixed as to when the holders of record of Common Stock shall be entitled to exchange their shares of Common Stock for securities or other property deliverable upon such reorganization, reclassification, transfer, consolation, merger, dissolution, liquidation or winding up.

15. RESERVATION OF SHARES

The Company shall reserve and keep available out of its authorized but unissued shares of Common Stock for issuance upon the exercise of this Warrant, free from pre-emptive rights, such number of shares of Common Stock for which this Warrant shall from time to time be exercisable. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation. Without limiting the generality of the foregoing, the Company covenants that it will use commercially reasonable efforts to take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and use commercially reasonable efforts to obtain all such authorizations, exemptions or consents, including but not limited to consents from the Company’s stockholders or Board of Directors or any public regulatory body, as may be necessary to enable the Company to perform its obligations under this Warrant.

16. NO THIRD PARTY RIGHTS

This Warrant is not intended, and will not be construed, to create any rights in any parties other than the Company and the Holder, and no person or entity may assert any rights as third-party beneficiary hereunder.

[Signature page follows]

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the date first set forth above.

	LIVEONE, INC.

	By:	/s/ Robert S. Ellin
	Name:	Robert S. Ellin
	Title:	CEO & Chairman

EXHIBIT A

NOTICE OF EXERCISE

(To be executed by the Holder of Warrant if such Holder desires to exercise Warrant)

LiveOne, Inc.
________________

________________

Attention: ______

1. Exercise Notice. The undersigned holder hereby exercises the right to purchase __________________ of the shares of Common Stock (“Warrant Shares”) of LiveOne, Inc., a corporation organized under the laws of Delaware (the “Company”), evidenced by the attached Warrant. Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant.

2. Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as:

☐ a “Cash Exercise” with respect to __________________ Warrant Shares; and/or

☐ a “Cashless Exercise” with respect to __________________ Warrant Shares.

3. Payment of Exercise Price. In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $____________ to the Company in accordance with the terms of the Warrant, which sum represents payment in full for the purchase price of the Warrant Shares being purchased, together with all applicable transfer taxes, if any.

4. Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is specified below:


	(Name)



	(Address)

5. Representations and Warranties. The undersigned hereby represents and warrants that the aforesaid Warrant Shares are being acquired for the account of the undersigned for investment and not with a view to, or for resale, in connection with the distribution thereof, and that the undersigned has no present intention of distributing or reselling such shares and all representations and warranties of the undersigned set forth in Section 3 of the Conversion Agreement are true and correct as of the date hereof.


	(Signature)


	(Name)


(Date)		(Title)

EXHIBIT B

(To be signed only upon transfer of Warrant)

LiveOne, Inc.
________________

________________

Attention: _______

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto __________________ the right represented by the attached Warrant to purchase __________________ Common Stock of LiveOne, Inc. to which the attached Warrant relates, and appoints ___________________ as attorney-in-fact- to transfer such right on the books of LiveOne, Inc., with full power of substitution in the premises.

Dated: ___________________


	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)

	Address:

Signed in the presence of:

EX-4.2 3 ea020335801ex4-2_live.htm WARRANT TO PURCHASE COMMON STOCK, DATED AS OF APRIL 1, 2024, ISSUED BY THE COMPANY TO HARVEST SMALL CAP PARTNERS, LTD

Exhibit 4.2

Warrant Certificate No. HS-002

Effective Date: April 1, 2024

Void After: April 1, 2027

LIVEONE, INC.

WARRANT TO PURCHASE COMMON STOCK

LiveOne, Inc., a Delaware corporation (the “Company”), for value received on April 1, 2024 (the “Effective Date”), hereby issues to Harvest Small Cap Partners Master, Ltd. (the “Holder” or “Warrant Holder”) this warrant (this “Warrant”) to purchase 910,340 shares of Common Stock (for purposes of this Warrant, each such share as from time to time adjusted as hereinafter provided being a “Warrant Share” and all such shares being the “Warrant Shares”) of the Company’s Common Stock (as defined below), at the Exercise Price (as defined below), on or before April 1, 2027 (the “Expiration Date”), all subject to the terms and conditions of this Warrant. This Warrant has been issued pursuant to the Preferred Stock Conversion and Warrants Issuance Letter Agreement, dated as of April 1, 2024 (the “Conversion Agreement”), entered into between the Company and the Holder.

1. DURATION AND EXERCISE OF WARRANT

(b) Exercise Procedures.

(i) While this Warrant remains outstanding and exercisable in accordance with Section 1(a), the Holder may exercise this Warrant in whole or in part at any time and from time to time by:

(A) delivery to the Company of a duly executed copy of the Notice of Exercise attached as Exhibit A;

(B) surrender of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency as the Company may specify in writing to the Holder; and

(ii) Payment of the Aggregate Exercise Price shall be made, at the option of the Holder as expressed in the Notice of Exercise, by the following methods:

Where:

X = the number of Warrant Shares to be issued to the Holder.

Y = the total number of Warrant Shares for which the Holder has elected to exercise this Warrant pursuant to Section 3(a).

A = the Fair Market Value of one Warrant Share as of the applicable Exercise Date.

B = the Exercise Price in effect under this Warrant as of the applicable Exercise Date.

X = Y(A - B) ÷ A

2. ISSUANCE OF WARRANT SHARES

(d) With respect to the exercise of this Warrant, the Company hereby represents, covenants, and agrees:

(i) This Warrant is, and any Warrant issued in substitution for or replacement of this Warrant shall be, upon issuance, duly authorized and validly issued.

3. ADJUSTMENTS OF EXERCISE PRICE, NUMBER AND TYPE OF WARRANT SHARES

4. TRANSFERS AND EXCHANGES OF WARRANT AND WARRANT SHARES

5. MUTILATED OR MISSING WARRANT CERTIFICATE

6. PAYMENT OF TAXES; FRACTIONAL WARRANT SHARES

7. NO STOCK RIGHTS AND LEGEND

8. NOTICES

	If to the Company, to:	LiveOne, Inc.
		269 S. Beverly Dr., Suite #1450
		Beverly Hills, CA 90212
		Attention: Robert S. Ellin, CEO Email: rob@liveone.com with a copy to (which shall not constitute notice) Tenia Muhammad at tenia@livone.com and Sasha Ablovatskiy, Esq. of Foley Shechter Ablovatskiy LLP at sablovatskiy@foleyshechter.com

	If to Holder, to the address set forth in the Conversion Agreement.

9. SEVERABILITY

10. BINDING EFFECT

11. SURVIVAL OF RIGHTS AND DUTIES

This Warrant shall terminate and be of no further force and effect on the earlier of 5:30 p.m. Eastern Time, on the Expiration Date or the date on which this Warrant has been exercised in full.

12. GOVERNING LAW

13. DISPUTE RESOLUTION

14. NOTICES OF RECORD DATE

15. RESERVATION OF SHARES

16. NO THIRD PARTY RIGHTS

[Signature page follows]

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the date first set forth above.

	LIVEONE, INC.

	By:	/s/ Robert S. Ellin
	Name:	Robert S. Ellin
	Title:	CEO & Chairman

EXHIBIT A

NOTICE OF EXERCISE

(To be executed by the Holder of Warrant if such Holder desires to exercise Warrant)

LiveOne, Inc.
________________

________________

Attention: ______

2. Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as:

☐ a “Cash Exercise” with respect to __________________ Warrant Shares; and/or

☐ a “Cashless Exercise” with respect to __________________ Warrant Shares.

4. Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is specified below:


	(Name)



	(Address)


		(Signature)


		(Name)


(Date)		(Title)

EXHIBIT B

(To be signed only upon transfer of Warrant)

LiveOne, Inc.
________________

________________

Attention: _______

Dated: ___________________


	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)

	Address:


Signed in the presence of:

EX-4.3 4 ea020335801ex4-3_live.htm WARRANT TO PURCHASE COMMON STOCK, DATED AS OF APRIL 1, 2024, ISSUED BY THE COMPANY TO TRINAD CAPITAL MASTER FUND LTD

Exhibit 4.3

Warrant Certificate No. TCMF-001

Effective Date: April 1, 2024

Void After: April 1, 2027

LIVEONE, INC.

WARRANT TO PURCHASE COMMON STOCK

LiveOne, Inc., a Delaware corporation (the “Company”), for value received on April 1, 2024 (the “Effective Date”), hereby issues to Trinad Capital Master Fund Ltd. (the “Holder” or “Warrant Holder”) this warrant (this “Warrant”) to purchase 535,399 shares of Common Stock (for purposes of this Warrant, each such share as from time to time adjusted as hereinafter provided being a “Warrant Share” and all such shares being the “Warrant Shares”) of the Company’s Common Stock (as defined below), at the Exercise Price (as defined below), on or before April 1, 2027 (the “Expiration Date”), all subject to the terms and conditions of this Warrant. This Warrant has been issued pursuant to the Preferred Stock Conversion and Warrants Issuance Letter Agreement, dated as of April 1, 2024 (the “Conversion Agreement”), entered into between the Company and the Holder.

1. DURATION AND EXERCISE OF WARRANT

(b) Exercise Procedures.

(i) While this Warrant remains outstanding and exercisable in accordance with Section 1(a), the Holder may exercise this Warrant in whole or in part at any time and from time to time by:

(A) delivery to the Company of a duly executed copy of the Notice of Exercise attached as Exhibit A;

(B) surrender of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency as the Company may specify in writing to the Holder; and

(ii) Payment of the Aggregate Exercise Price shall be made, at the option of the Holder as expressed in the Notice of Exercise, by the following methods:

Where:

X = the number of Warrant Shares to be issued to the Holder.

Y = the total number of Warrant Shares for which the Holder has elected to exercise this Warrant pursuant to Section 3(a).

A = the Fair Market Value of one Warrant Share as of the applicable Exercise Date.

B = the Exercise Price in effect under this Warrant as of the applicable Exercise Date.

X = Y(A - B) ÷ A

2. ISSUANCE OF WARRANT SHARES

(d) With respect to the exercise of this Warrant, the Company hereby represents, covenants, and agrees:

(i) This Warrant is, and any Warrant issued in substitution for or replacement of this Warrant shall be, upon issuance, duly authorized and validly issued.

3. ADJUSTMENTS OF EXERCISE PRICE, NUMBER AND TYPE OF WARRANT SHARES

4. TRANSFERS AND EXCHANGES OF WARRANT AND WARRANT SHARES

5. MUTILATED OR MISSING WARRANT CERTIFICATE

6. PAYMENT OF TAXES; FRACTIONAL WARRANT SHARES

7. NO STOCK RIGHTS AND LEGEND

8. NOTICES

	If to the Company, to:	LiveOne, Inc.
		269 S. Beverly Dr., Suite #1450
		Beverly Hills, CA 90212
		Attention: Robert S. Ellin, CEO
		Email: rob@liveone.com

		with a copy to (which shall not constitute notice)

		Tenia Muhammad at tenia@livone.com and Sasha Ablovatskiy,
		Esq. of Foley Shechter Ablovatskiy LLP at
		sablovatskiy@foleyshechter.com

If to Holder, to the address set forth in the Conversion Agreement.

9. SEVERABILITY

10. BINDING EFFECT

11. SURVIVAL OF RIGHTS AND DUTIES

This Warrant shall terminate and be of no further force and effect on the earlier of 5:30 p.m. Eastern Time, on the Expiration Date or the date on which this Warrant has been exercised in full.

12. GOVERNING LAW

13. DISPUTE RESOLUTION

14. NOTICES OF RECORD DATE

15. RESERVATION OF SHARES

16. NO THIRD PARTY RIGHTS

[Signature page follows]

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the date first set forth above.

	LIVEONE, INC.

	By:	/s/ Aaron Sullivan
	Name:	Aaron Sullivan
	Title:	Chief Financial Officer

EXHIBIT A

NOTICE OF EXERCISE

(To be executed by the Holder of Warrant if such Holder desires to exercise Warrant)

LiveOne, Inc.

__________________

Attention: _________

2. Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as:

☐

a “Cash Exercise” with respect to __________________ Warrant Shares; and/or

☐

a “Cashless Exercise” with respect to __________________ Warrant Shares.

4. Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is specified below:


	(Name)



	(Address)


		(Signature)

		(Name)

(Date)		(Title)

EXHIBIT B

(To be signed only upon transfer of Warrant)

LiveOne, Inc.

________________

Attention: ________

Dated: ___________________


	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)

	Address:

Signed in the presence of:

_______________________________

EX-10.1 5 ea020335801ex10-1_live.htm LETTER AGREEMENT, DATED AS OF APRIL 1, 2024, BETWEEN THE COMPANY AND HARVEST SMALL CAP PARTNERS, L.P

Exhibit 10.1

April 1, 2024

From:	LiveOne, Inc.
To:	Harvest Small Cap Partners, L.P.
Re:	Exchange of Preferred Stock for Common Equity

Dear Jeff:

This Preferred Stock Exchange and Warrants Issuance Letter Agreement (this “Agreement”), dated as of the first date written above, is entered into between LiveOne, Inc., a Delaware corporation (the “Company”), and Harvest Small Cap Partners, L.P. (the “Holder”) as the holder of shares of the Company’s Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”), to confirm the agreement between the Company and the Holder to exchange (i) such amount of the Holder’s shares of Preferred Stock (as indicated on the signature page hereto (collectively, the “Exchange Amount”) into shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at the rate equal to (x) $2.10 per share (y) multiplied by 1,000 as the Stated Value (as defined in the Certificate of Designation (as defined below)) of the Preferred Stock (the “Exchange Price”), and (ii) to issue warrants to purchase shares of Common Stock, in the form attached hereto as Exhibit A (the “Warrants”), in such Warrants amount as would equal to (x) the Exchange Amount (y) divided by 8,000, (z) multiplied by 1,300,000 (the “Warrant Issuance Ratio”). As an example, a Holder holding shares of Preferred Stock with the Exchange Amount of 1,000 would receive upon exchange of such shares 476,190 shares of Common Stock and Warrants to purchase 162,500 shares of Common Stock (the “Warrant Shares”).

NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties, the parties mutually agree as follows:

1. (a) Upon the execution of this Agreement, (i) the Exchange Amount of the shares of Preferred Stock owned by the Holder as indicated on the signature page hereto shall be automatically exchanged into shares of Common Stock at the Exchange Price (the “Exchange Shares”), and (ii) the Company shall issue to the Holder such number of Warrants as indicated on the signature page hereto at the Warrant Issuance Ratio (the “Additional Warrants”, and collectively with the Exchange Shares and the Warrant Shares, the “Securities”), in each case without any additional action by the Holder. As a result of the exchange pursuant to this Section 1(a), the Holder’s shares of Preferred Stock in the amount of the Exchange Amount shall be deemed fully satisfied, null, void, exchanged and canceled, and, except as set forth in Section 1(b) below, the Company shall no longer owe any amounts, sums or any other payments or consideration to the Holder in connection with any such exchanged shares (other than the Exchange Shares and the Additional Warrants). Promptly after the date hereof, the Company shall deliver to the Holder a book entry statement for its respective number of Exchange Shares and the Additional Warrants, in each case duly authorized and executed by the Company.

(b) The Company agrees, that no later than May 15, 2024, the Company shall pay to Holder the Interest (as defined in the Certificate of Designation) owed on Holder’s Series A Preferred Stock as of April 1, 2024 in accordance with Section 3 of the Certificate of Designation (as defined in the Exchange Agreement) in an amount equal to $152,589.26. The Company agrees that if the Interest is not paid by May 15, 2024, then from such date and in lieu of the Interest, the Holder’s Series A Preferred Stock shall bear default interest at a rate equal to thirty percent (30%) or the highest rate permitted by law until paid in full to Holder.

(c) Except as set forth in this Agreement, the text of the Exchange Agreement (as defined below) and the Certificate of Designation shall remain unchanged and in full force and effect. Notwithstanding the foregoing, (i) Section 8(b) of the Certificate of Designation is hereby deleted in its entirety, and (ii) Section 3 of the Certificate of Designation is hereby deemed to be permanently modified with respect to shares of Preferred Stock beneficially owned by the Holder (or any shares of Preferred Stock transferred by the Holder to any person) to provide that with respect to the Holder, Interest shall be made in Interest Shares, unless the Company determines in its sole discretion to pay all or a portion of such Interest in cash.

2. As of the date hereof, the Holder reaffirms each of its representations and warranties made in the Exchange Agreement, dated as of February 3, 2023 (the “Exchange Agreement”), entered into between the Company and the Holder, with such representations and warranties to be deemed to be made with respect to the Securities, including, but not limited to, that the Holder is an “accredited investor” within the meaning of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

3. This Agreement is made by the Company in reliance upon the Holder’s representations to the Company, which by the Holder’s execution of this Agreement, the Holder hereby confirms, that the Exchange Shares and the Additional Warrants to be received by the Holder will be acquired for investment for the Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Holder has no present intention of selling, granting any participation in or otherwise distributing the same. By executing this Agreement, the Holder further represents that the Holder does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Exchange Shares.

4. The Additional Warrants and all certificates representing the Exchange Shares shall have endorsed thereon a standard Securities Act legend; provided, that subject to the receipt by the Company of a Rule 144 representation letter with respect to the Exchange Shares, in a form consistent with similar letters previously delivered by Holder to the Company, and the Holder otherwise complying with applicable requirements of Rule 144, the Company shall cause its outside counsel to provide a Rule 144 opinion to the Holder to remove the applicable Securities Act legend promptly, and in any event within two (2) business days, after the date of this Agreement.

5. Each party represents and warrants to the other party that such first party has full power and authority to enter into this Agreement, and such agreement constitutes his valid and legally binding obligation, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

6. The Holder understands that the Securities have not been registered under the Securities Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of the Holder’s investment intent as expressed herein.

7. The Holder is familiar with the provisions of Rule 144 promulgated under the Securities Act, which, in substance, permits limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions.

8. Any shares of Common Stock or Warrant Shares to be issued in connection with the transactions contemplated hereunder or as a result of any exchange of the shares of Preferred Stock and/or the Warrants shall be subject to all adjustments in the number of shares of the Company’s capital stock as a result of any splits, consolidations, recapitalizations, combinations or other similar transactions affecting the Company’s capital stock underlying the Preferred Stock or the Warrants.

9. Effective as of the date of this Agreement, Trinad Capital Master Fund Ltd. (“Trinad Capital”) shall have agreed to exchange its 3,395.09 shares of Preferred Stock into shares of Common Stock and shall be entitled to receive the Warrants on the same terms as set forth in this Agreement, except for such terms as are applicable to Trinad Capital. The amount of the shares of Preferred Stock issued or issuable to Trinad Capital is as set forth in the Company’s filings with the U.S. Securities and Exchange Commission.

10. On or prior to the date that is forty-five (45) days after the date of this Agreement, the Company shall prepare and file with the SEC a Registration Statement on Form S-3 (or such other form as applicable, including Form S-1 if the Company is ineligible to use Form S-3) covering the resale under the Securities Act of all the Warrants and Warrant Shares issued to the Holder and Harvest Small Cap Partners Master, Ltd. for an offering to be made on a continuous basis pursuant to Rule 415 (the “Registration Statement”). The Company shall use its best efforts to cause the Registration Statement to be declared effective promptly thereafter on or before forty five (45) days after the filing of the Registration Statement (or if the SEC issues any comments with respect to the Registration Statement, on or before ninety (90) days after the filing of the Registration Statement). Upon effectiveness, the Company shall use its reasonable best efforts to keep the Registration Statement effective with the SEC for a period equal to (i) three (3) years from the date of this Agreement for the Warrants, and (ii) with respect to the Warrant Shares, so long as any Warrants are outstanding, and to supplement, amend and/or re-file such Registration Statement to comply with such effectiveness requirement. To the extent that the Company becomes ineligible to use Form S-3 and the effective Registration Statement ceases to be effective, the Company shall file a resale Registration Statement on Form S-1 not later than forty-five (45) days after the later of (x) the date of such ineligibility (or 90 days if the date of such ineligibility falls at any time withing 90 days after the Company’s fiscal year end) and (y) the date the Registration Statement ceases to be effective, as applicable, and use its reasonable best efforts to have such Registration Statement declared effective as promptly as practicable.

11. All questions concerning the construction, validity, enforcement and interpretation of this Agreement and/or the Warrants shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this this Agreement and/or the Warrants (whether brought against a party hereto or its respective affiliates, directors, officers, stockholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the County of New Castle. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of Delaware for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of this Agreement and/or the Warrants), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under the Exchange Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

12. The Company agrees to pay, within five (5) business days following the date hereof, all of Holder’s out-of-pocket reasonable legal fees incurred in connection with this Agreement and the transactions contemplated hereby, and, upon demand, all of Holder’s out-of-pocket reasonable legal fees incurred in connection with Holder’s counsel’s review of the Registration Statement, subject to the Holder’s outside legal counsel providing the Company with such legal counsel’s invoice. Except as otherwise provided for herein, the parties hereto shall pay their own costs and expenses in connection herewith.

13 The parties agree to take all such further action(s) as may reasonably be necessary to carry out and consummate this this Agreement as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval in connection with or otherwise qualify the issuance of the Exchange Shares and/or the Warrant Shares that are the subject of this this Agreement.

14. This Agreement shall inure to the benefit of and shall be binding on and shall be enforceable by the parties and their respective, successors and permitted assigns.

15. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction.

16. This Agreement may be executed in two (2) or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

[Signature page follows]

The parties agree for and on behalf of their respective party as of the first date written above.

	HOLDER:

	Harvest Small Cap Partners, L.P.

	By:	/s/ Jeff Osher
	Name:	Jeff Osher
	Title:	Managing Member

	Exchange Amount being exchanged:	$2,397,905.76

	# of Exchange Shares:	1,141,860

	# of Warrants:	389,660

	COMPANY:

	LiveOne, Inc.

	By:	/s/ Robert S. Ellin
	Name:	Robert S. Ellin
	Title:	Chief Executive Officer

EX-10.2 6 ea020335801ex10-2_live.htm LETTER AGREEMENT, DATED AS OF APRIL 1, 2024, BETWEEN THE COMPANY AND HARVEST SMALL CAP PARTNERS, LTD

Exhibit 10.2

April 1, 2024

	From:	LiveOne, Inc.
	To:	Harvest Small Cap Partners Master, Ltd.
	Re:	Exchange of Preferred Stock for Common Equity

Dear Jeff:

This Preferred Stock Exchange and Warrants Issuance Letter Agreement (this “Agreement”), dated as of the first date written above, is entered into between LiveOne, Inc., a Delaware corporation (the “Company”), and Harvest Small Cap Partners Master, Ltd. (the “Holder”) as the holder of shares of the Company’s Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”), to confirm the agreement between the Company and the Holder to exchange (i) such amount of the Holder’s shares of Preferred Stock (as indicated on the signature page hereto (collectively, the “Exchange Amount”) into shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at the rate equal to (x) $2.10 per share (y) multiplied by 1,000 as the Stated Value (as defined in the Certificate of Designation (as defined below)) of the Preferred Stock (the “Exchange Price”), and (ii) to issue warrants to purchase shares of Common Stock, in the form attached hereto as Exhibit A (the “Warrants”), in such Warrants amount as would equal to (x) the Exchange Amount (y) divided by 8,000, (z) multiplied by 1,300,000 (the “Warrant Issuance Ratio”). As an example, a Holder holding shares of Preferred Stock with the Exchange Amount of 1,000 would receive upon exchange of such shares 476,190 shares of Common Stock and Warrants to purchase 162,500 shares of Common Stock (the “Warrant Shares”).

(b) The Company agrees, that no later than May 15, 2024, the Company shall pay to Holder the Interest (as defined in the Certificate of Designation) owed on Holder’s Series A Preferred Stock as of April 1, 2024 in accordance with Section 3 of the Certificate of Designation (as defined in the Exchange Agreement) in an amount equal to $356,485.82. The Company agrees that if the Interest is not paid by May 15, 2024, then from such date and in lieu of the Interest, the Holder’s Series A Preferred Stock shall bear default interest at a rate equal to thirty percent (30%) or the highest rate permitted by law until paid in full to Holder.

10. On or prior to the date that is forty-five (45) days after the date of this Agreement, the Company shall prepare and file with the SEC a Registration Statement on Form S-3 (or such other form as applicable, including Form S-1 if the Company is ineligible to use Form S-3) covering the resale under the Securities Act of all the Warrants and Warrant Shares issued to the Holder and Harvest Small Cap Partners, L.P. for an offering to be made on a continuous basis pursuant to Rule 415 (the “Registration Statement”). The Company shall use its best efforts to cause the Registration Statement to be declared effective promptly thereafter on or before forty five (45) days after the filing of the Registration Statement (or if the SEC issues any comments with respect to the Registration Statement, on or before ninety (90) days after the filing of the Registration Statement). Upon effectiveness, the Company shall use its reasonable best efforts to keep the Registration Statement effective with the SEC for a period equal to (i) three (3) years from the date of this Agreement for the Warrants, and (ii) with respect to the Warrant Shares, so long as any Warrants are outstanding, and to supplement, amend and/or re-file such Registration Statement to comply with such effectiveness requirement. To the extent that the Company becomes ineligible to use Form S-3 and the effective Registration Statement ceases to be effective, the Company shall file a resale Registration Statement on Form S-1 not later than forty-five (45) days after the later of (x) the date of such ineligibility (or 90 days if the date of such ineligibility falls at any time withing 90 days after the Company’s fiscal year end) and (y) the date the Registration Statement ceases to be effective, as applicable, and use its reasonable best efforts to have such Registration Statement declared effective as promptly as practicable.

14. This Agreement shall inure to the benefit of and shall be binding on and shall be enforceable by the parties and their respective, successors and permitted assigns.

[Signature page follows]

The parties agree for and on behalf of their respective party as of the first date written above.

	HOLDER:

	Harvest Small Cap Partners Master, Ltd.

	By:	/s/ Jeff Osher
	Name:	Jeff Osher
	Title:	Managing Member

	Exchange Amount being exchanged:	$5,602,094.24

	# of Exchange Shares:	2,667,664

	# of Warrants:	910,340

	COMPANY:

	LiveOne, Inc.

	By:	/s/ Robert S. Ellin
	Name:	Robert S. Ellin
	Title:	Chief Executive Officer

EX-10.3 7 ea020335801ex10-3_live.htm LETTER AGREEMENT, DATED AS OF APRIL 1, 2024, BETWEEN THE COMPANY AND TRINAD CAPITAL MASTER FUND LTD

Exhibit 10.3

April 1, 2024

From:

LiveOne, Inc.

To:	Trinad Capital Master Fund Ltd.

Re:	Exchange of Preferred Stock for Common Equity

Dear Jeff:

This Preferred Stock Exchange and Warrants Issuance Letter Agreement (this “Agreement”), dated as of the first date written above, is entered into between LiveOne, Inc., a Delaware corporation (the “Company”), and Trinad Capital Master Fund Ltd. (the “Holder”) as the holder of shares of the Company’s Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”), to confirm the agreement between the Company and the Holder to exchange (i) such amount of the Holder’s shares of Preferred Stock (as indicated on the signature page hereto (collectively, the “Exchange Amount”) into shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at the rate equal to (x) $2.10 per share (y) multiplied by 1,000 as the Stated Value (as defined in the Certificate of Designation (as defined below)) of the Preferred Stock (the “Exchange Price”), and (ii) to issue warrants to purchase shares of Common Stock, in the form attached hereto as Exhibit A (the “Warrants”), in such Warrants amount as would equal to (x) the Exchange Amount (y) divided by 8,000, (z) multiplied by 1,300,000 (the “Warrant Issuance Ratio”). As an example, a Holder holding shares of Preferred Stock with the Exchange Amount of 1,000 would receive upon exchange of such shares 476,190 shares of Common Stock and Warrants to purchase 162,500 shares of Common Stock (the “Warrant Shares”).

(b) Except as set forth in this Agreement, the text of the Exchange Agreement (as defined below) and the Certificate of Designation shall remain unchanged and in full force and effect. Notwithstanding the foregoing, (i) Section 8(b) of the Certificate of Designation is hereby deleted in its entirety, and (ii) Section 3 of the Certificate of Designation is hereby deemed to be permanently modified with respect to shares of Preferred Stock beneficially owned by the Harvest Funds (or any shares of Preferred Stock transferred by the Harvest Funds to any person) to provide that with respect to the Harvest Funds, Interest shall be made in Interest Shares, unless the Company determines in its sole discretion to pay all or a portion of such Interest in cash.

9. Effective as of the date of this Agreement, the Holder shall have agreed to exchange its 3,395.09 shares of Preferred Stock into shares of Common Stock and shall be entitled to receive the Warrants on the same terms as set forth in this Agreement, except for such terms as are applicable to the Holder. The amount of the shares of Preferred Stock issued or issuable to the Holder is as set forth in the Company’s filings with the U.S. Securities and Exchange Commission.

10. On or prior to the date that is forty-five (45) days after the date of this Agreement, the Company shall prepare and file with the SEC a Registration Statement on Form S-3 (or such other form as applicable, including Form S-1 if the Company is ineligible to use Form S-3) covering the resale under the Securities Act of all the Warrants and Warrant Shares issued to Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. for an offering to be made on a continuous basis pursuant to Rule 415 (the “Registration Statement”). The Company shall use its best efforts to cause the Registration Statement to be declared effective promptly thereafter on or before forty five (45) days after the filing of the Registration Statement (or if the SEC issues any comments with respect to the Registration Statement, on or before ninety (90) days after the filing of the Registration Statement). Upon effectiveness, the Company shall use its reasonable best efforts to keep the Registration Statement effective with the SEC for a period equal to (i) three (3) years from the date of this Agreement for the Warrants, and (ii) with respect to the Warrant Shares, so long as any Warrants are outstanding, and to supplement, amend and/or re-file such Registration Statement to comply with such effectiveness requirement. To the extent that the Company becomes ineligible to use Form S-3 and the effective Registration Statement ceases to be effective, the Company shall file a resale Registration Statement on Form S-1 not later than forty-five (45) days after the later of (x) the date of such ineligibility (or 90 days if the date of such ineligibility falls at any time withing 90 days after the Company’s fiscal year end) and (y) the date the Registration Statement ceases to be effective, as applicable, and use its reasonable best efforts to have such Registration Statement declared effective as promptly as practicable.

14. This Agreement shall inure to the benefit of and shall be binding on and shall be enforceable by the parties and their respective, successors and permitted assigns.

[Signature page follows]

The parties agree for and on behalf of their respective party as of the first date written above.

	HOLDER:

	Trinad Capital Master Fund Ltd.

	By:	Trinad Capital Management, LLC, the Managing Director of Trinad Capital Master Fund Ltd.

	By:	/s/ Robert S. Ellin
	Name:	Robert S. Ellin
	Title:	Managing Member

	Exchange Amount being exchanged:	$3,395,087.94

	# of Exchange Shares:	1,616,709

	# of Warrants:	535,399

	COMPANY:

	LiveOne, Inc.

	By:	/s/ Aaron Sullivan
	Name:	Aaron Sullivan
	Title:	Chief Financial Officer

EX-99.1 8 ea020335801ex99-1_live.htm PRESS RELEASE, DATED APRIL 3, 2024

Exhibit 99.1

LiveOne (Nasdaq: LVO) Announces $11.3M Series A Preferred Stock Conversion to Common Stock at $2.10 per Share, Led by Harvest Small Cap Partners Master, Ltd. and Trinad Capital Master Fund

- Conversion Eliminates $2.0M of Annual Cash Dividends

- Eliminates $5M of Redeemable Mezzanine Equity

- Broadens Institutional Ownership to ~35%

- LiveOne Currently Eligible to Join Russell 2000 in May 2024

- LiveOne Acquired Additional 159,000 PODC Shares at a Price of $3 per Share During March 2024

LOS ANGELES, CA, April 03, 2024 -- Robert Ellin, the CEO and Chairman of LiveOne, stated, “Jeff Osher, the Managing Member of the Harvest Funds, has successfully invested and partnered in many of my companies for over 20 years. He is renowned as one of the best small cap investors around the globe. I’m honored and excited that Jeff has once again shown extraordinary confidence in choosing to convert his interest-bearing perpetual preferred stock into our common stock at $2.10 per share. As a result, we will save approximately $7M in FY 2025 in cash flow and this will provide us with the necessary reserves to execute our business model, buy back what we believe to be our undervalued stock and pursue accretive acquisitions.”

About LiveOne, Inc.

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. The Company’s subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach Records, 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 Twitter 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 one key 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 debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in 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, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended December 31, 2023, filed with the SEC on February 13, 2024, 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 IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com

Press Contact:
For LiveOne
press@liveone.com