{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-047412","form_type":"8-K","ticker":"LVO","cik":"0001491419","company_name":"LiveOne, Inc.","filed_at":"2025-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.436567+00:00","generated_at":"2026-05-20T13:57:23.878156+00:00","sec_items":["1.01","1.02","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LiveOne closes $16.78M convertible debt at 11.75%, conversion price $2.10; pays off $2.57M bank loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-047412","json":"https://secwatch.observer/filing/0001213900-25-047412.json","markdown":"https://secwatch.observer/filing/0001213900-25-047412.md","text":"https://secwatch.observer/filing/0001213900-25-047412.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1491419/000121390025047412/0001213900-25-047412-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1491419/000121390025047412/ea0242972-8k_liveone.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T13:57:23.878156+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":"a3525b4abe8ea0d32c5c094ad47f574acd762708","claim":"LiveOne, Inc. incurred convertible notes of $16,775,000 with certain institutional investors at 11.75% per year maturing May 19, 2028.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1491419/000121390025047412/0001213900-25-047412-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$16,775,000"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"11.75% per year"},{"label":"Maturity","value":"May 19, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}