debt
confidence high
sentiment neutral
materiality 0.50
PodcastOne, Inc. (PODC): debt financing — Courtside Group extends maturity of convertible notes to Oct 15, 2023 to support direct listing
PodcastOne, Inc.
- On July 6, 2023, notified noteholders of election to extend remaining notes' maturity to October 15, 2023.
- Notes originally had aggregate principal of $8.84M with 10% original issue discount; gross proceeds $8.04M.
- Extension aimed at providing additional time to complete a direct listing on a national exchange.
- Courtside Group (dba PodcastOne) is a wholly owned subsidiary of LiveOne, Inc.