---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-008720"
form_type: "8-K"
ticker: "LVO"
cik: "0001491419"
company_name: "LiveOne, Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:49:34.391887+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LiveOne exchanges ~$21.2M notes for Series A Preferred; settles SoundExchange litigation

## Summary
- Exchanged notes totaling ~$21.2M with Harvest funds and Trinad Capital for 21,177 shares of Series A Perpetual Convertible Preferred, stated value $1,000, convertible at $2.10/share, 12% dividend.
- Issued 600,000 common shares to Harvest funds and 200,000 to Trinad Capital as additional consideration; also 25,000 shares for interest extension.
- CEO Robert Ellin agreed to remain CEO until Harvest no longer owns Series A Preferred; term extended to Sept 7, 2023, cash salary resumed.
- Settled litigation with SoundExchange: company to make monthly payments over 24 months; SX agreed not to enforce prior judgment.

## SEC filing metadata
- accession: 0001213900-23-008720
- form_type: 8-K
- ticker: LVO
- cik: 0001491419
- company_name: LiveOne, Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 2.03, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1491419/000121390023008720/0001213900-23-008720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1491419/000121390023008720/ea172780-8k_liveoneinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-008720
- JSON: https://secwatch.observer/filing/0001213900-23-008720.json
- Plain text: https://secwatch.observer/filing/0001213900-23-008720.txt

## Key facts
- Governance Changes
  LiveOne, Inc.: Filed Certificate of Designation designating 100,000 shares of preferred stock as Series A Perpetual Convertible Preferred Stock (effective 2023-02-02).
  - Change: charter amendment
  - Effective: 2023-02-02
  source text: On February 2, 2023, the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware designating 100,000 shares of the Company’s preferred stock as “Series A Perpetual Convertible Preferred Stock”.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1491419/000121390023008720/0001213900-23-008720-index.htm
- Material Agreements
  LiveOne, Inc. entered into Exchange Agreement with Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., and Trinad Capital Master Fund Ltd. valued at $10,503,965; $4,496,035; $6,177,218 (effective 2023-02-03).
  - Action: entry
  - Counterparty: Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., and Trinad Capital Master Fund Ltd.
  - Value: $10,503,965; $4,496,035; $6,177,218
  - Effective: 2023-02-03
  source text: As of February 3, 2023 (the “Effective Date”), LiveOne, Inc. (the “Company”) entered into an exchange agreement (collectively, the “Exchange Agreements”) with (i) Harvest Small Cap Partners Master, Ltd. (“HSCPM”) in regard to that certain 8.5% Senior Secured Convertible Note in the aggregate amount of $10,503,965
  evidence_url: https://www.sec.gov/Archives/edgar/data/1491419/000121390023008720/0001213900-23-008720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.