{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-030849","form_type":"8-K","ticker":"LVO","cik":"0001491419","company_name":"LiveOne, Inc.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.639018+00:00","generated_at":"2026-06-04T01:46:40.494041+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LiveOne converts $11.3M Series A Preferred to common at $2.10/share, eliminates $2M annual dividend","bullets":["Converted ~$11.4M Series A Preferred into 5.43M common shares; eliminates $5M redeemable mezzanine equity.","Eliminates $2.0M annual cash dividends, saving ~$7M in FY2025 cash flow.","Institutional ownership broadens to ~35%; LiveOne eligible for Russell 2000 in May 2024.","Holders received three-year warrants exercisable at $2.10/share; registration to be filed.","LiveOne acquired 159,000 PODC shares at $3/share during March 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-030849","json":"https://secwatch.observer/filing/0001213900-24-030849.json","markdown":"https://secwatch.observer/filing/0001213900-24-030849.md","text":"https://secwatch.observer/filing/0001213900-24-030849.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1491419/000121390024030849/0001213900-24-030849-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1491419/000121390024030849/ea0203358-8k_liveone.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:46:40.494041+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"209099c0195e8d27278dbab0954dfc16f691ac74","claim":"LiveOne, Inc. entered into Letter Agreements with Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., Trinad Capital Master Fund Ltd. valued at approximately $11.4 million (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024 (the “Effective Date”), LiveOne, Inc. (the “Company”) entered into Letter Agreements (collectively, the “Agreements”) with (i) Harvest Small Cap Partners Master, Ltd. (“HSCPM”), (ii) Harvest Small Cap Partners, L.P. (“HSCP” and together with HSCPM, the “Harvest Funds”), and (iii) Trinad Capital Master Fund Ltd., a fund controlled by Mr. Ellin, the Company’s Chief Executive Officer, Chairman, director and principal stockholder (“Trinad Capital” and collectively with the Harvest Funds, the “Holders”), the holders of the Company’s Series A Perpetual Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”), with a stated value of $1,000 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1491419/000121390024030849/0001213900-24-030849-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Harvest Small Cap Partners Master, Ltd., Harvest Small Cap Partners, L.P., Trinad Capital Master Fund Ltd."},{"label":"Value","value":"approximately $11.4 million"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}