LiveOne, Inc. (LVO): debt financing — LiveOne closes $16.78M convertible debt at 11.75%, conversion price $2.10; pays off $2.57M bank loan

LiveOne, Inc.

Closed $16.78M senior secured convertible notes; potential additional $11M subject to performance conditions.
Notes bear 11.75% interest, mature May 2028, convertible at $2.10/share; initial max shares 7.86M.
Used proceeds to pay off $2.57M East West Bank loan and extinguish short-term payables.
CEO cites strengthened balance sheet; plans to scale B2B partnerships (up to 75), convert Tesla subscribers, pursue M&A.
ARPU increased from $3 to $5 since Jan 1, 2025; subscriber base at 1.5M plus ad-supported users.

item 1.01 item 1.02 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LiveOne, Inc. incurred convertible notes of $16,775,000 with certain institutional investors at 11.75% per year maturing May 19, 2028.

Instrument: convertible notes
Principal: $16,775,000
Counterparty: certain institutional investors
Rate: 11.75% per year
Maturity: May 19, 2028
Event: incurrence

Exact text from the filing

the Company sold to the Purchasers the Company’s Original Issue Discount Senior Secured Convertible Debentures (the “Initial Debentures”) in an aggregate principal amount of $16,775,000

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10 debt financings filed in the last 30 days. Browse all debt financings →

LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-047412

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