LiveOne enters $25M at-the-market equity offering agreement with Roth Capital

LiveOne, Inc.

Up to $25M of common stock may be sold at the Company's discretion through Roth Capital as sales agent.
Commission is 3.0% of gross sales price; Roth reimbursed up to $50,000 for fees and expenses.
Management currently intends not to sell shares below $5.00 per share.
Net proceeds to be used for working capital, general corporate purposes, including acquisitions and balance sheet.
Sales may be made in 'at the market' offerings under Rule 415.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LiveOne, Inc. entered into Sales Agreement with Roth Capital Partners, LLC valued at up to $25,000,000 (effective 2024-05-14).

Action: entry
Agreement: atm program
Counterparty: Roth Capital Partners, LLC
Value: up to $25,000,000
Effective: 2024-05-14

Exact text from the filing

On May 14, 2024, LiveOne, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (“Roth Capital”) as sales agent, pursuant to which the Company may sell, from time to time, at its sole discretion an aggregate of up to $25,000,000 of its shares of common stock

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LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-042978

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