secwatch.observer — SEC 8-K summary
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Issuer:     LiveOne, Inc. (LVO)
CIK:        0001491419
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001213900-23-076731
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveOne enters ABL credit facility with East West Bank; deposit requirement cut to $5M
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- New asset-backed loan facility replaces existing revolving credit; borrowing base determines maximum advances.
- Minimum deposit requirement reduced from $8M to $5M; interest rate is prime + 2.50% with a 7.00% floor.
- Facility secured by first-priority lien on all assets of LiveOne and its subsidiaries; prepayable without penalty.
- Prior $7M promissory note from June 2021 continues as modified; financial covenants include minimum liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1491419/000121390023076731/0001213900-23-076731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1491419/000121390023076731/ea185219-8k_liveone.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-076731

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