Business
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
Potential Additional Funding of up to $11MRaised subscription price by $1/month (ARPU increased from $3 to $5 since Jan. 1, 2025) *Financial Moves* Paid off $7M East West Bank loanExtinguished $4M short-term payablesExtended $5M of short-term payable to long-term debt *Planned Initiatives* Grow/close up to 75 B2B partnershipsConvert Additional Tesla subscribersPursue M&A opportunitiesExpand AI and data mining to monetize 60M databaseGrow current 1.5M subscribers and ad-supported users LOS ANGELE
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