Business
LiveOne (Nasdaq: LVO) Reports $9.1M+ Current Cash Position after Stock Purchases
583K PODC total shares, $2.08 average price, including 224K since July 1stAdditional 153K+ LVO shares since July 1st$6.3M remaining for
About this update from Liveone, Inc.
[{"type":"text","content":"583K PODC total shares, $2.08 average price, including 224K since July 1stAdditional 153K+ LVO shares since July 1st$6.3M remaining for repurchasesExtinguishing 4.3M repurchased LVO shares by end of week, reducing outstanding shares from 99M to 94.7M LOS ANGELES, Aug. 20, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO) an award-winning, creator-first music, entertainment, and technology platform announces updates to the LVO and PodcastOne (NASDAQ: PODC) cash position and repurchasing program. About LiveOneHeadquartered 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 wholly-owned 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 Twitter at @liveone. For more investor information, please visit ir.liveone.com. Forward-Looking StatementsAll 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 pr...