---
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"
generated_at: "2026-05-20T13:57:23.878156+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LiveOne closes $16.78M convertible debt at 11.75%, conversion price $2.10; pays off $2.57M bank loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-047412
- JSON: https://secwatch.observer/filing/0001213900-25-047412.json
- Plain text: https://secwatch.observer/filing/0001213900-25-047412.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1491419/000121390025047412/0001213900-25-047412-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.