Business
LiveOne to Ring Nasdaq Opening Bell for Subsidiary PodcastOne (PODC) Direct Listing
- Nasdaq Opening Bell Ceremony on Friday Sept 8th at 9:00AM ET - Ceremony Livestream Can Be Accessed Here -
About this update from Liveone, Inc.
[{"type":"text","content":" - Nasdaq Opening Bell Ceremony on Friday Sept 8th at 9:00AM ET - Ceremony Livestream Can Be Accessed Here - https://livestream.com/accounts/888332/events/10947712 - PodcastOne Shares Expected to Open Trading at $8 Per Share Minimum - After Spin-Out, LiveOne Will Own Approximately 80% of PodcastOne and Continue to Consolidate PodcastOne LOS ANGELES, CA, Sept. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne) will ring the Nasdaq Stock Market (“Nasdaq”) opening bell on Friday, September 8, 2023 to celebrate completion of its direct listing on Nasdaq and spin-out as a separate public company. After the Spin-Out, LiveOne will own approximately 80% of PodcastOne (on a non-fully diluted basis) and continue to consolidate PodcastOne's financial results. About PodcastOne PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, I’ve Had It, and A&E's Cold Case Files. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeart Radio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit podcastone.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone. About LiveOne, Inc. Headquartered in Los Angeles, California, LiveOne, Inc. (Nasdaq: LVO) (the \"Company\") 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 wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Bea...