secwatch.observer — SEC 8-K summary
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Issuer:     LiveOne, Inc. (LVO)
CIK:        0001491419
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001213900-23-064619
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveOne borrows $1.7M from Capchase at 9% interest, fully secured
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- Loan amount $1,700,000 at 9% interest, fully amortizing over 30 months.
- Proceeds used for general working capital and corporate purposes.
- Loan is secured by all of LiveOne's assets; subordinated to senior debt with East West Bank.
- Prepayment without penalty; customary covenants and events of default.
- Capchase Inc. is the lender; agreement dated August 2, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1491419/000121390023064619/0001213900-23-064619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1491419/000121390023064619/ea183093-8k_liveoneinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-064619

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