LiveOne to issue 500k shares to Merlin to settle music royalty obligations

LiveOne, Inc.

LiveOne will issue 500,000 shares of common stock at $7.50/share to Merlin to pay past and future music royalty dues.
The DMSA term extended to November 30, 2026, with potential extension to November 30, 2027.
Merlin's sale proceeds from shares offset against royalty payments; unsold shares may be bought back by Slacker on termination.
Merlin restricted from selling more than 5% of average daily trading volume per day.
No cash proceeds to LiveOne; shares issued under existing shelf registration statement.

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 Shares Issuance Agreement with Music and Entertainment Rights Licensing Independent Network Limited ("Merlin") valued at 500,000 shares of its common stock, $0.001 par value per share, at a deemed issued price of $7.50 pe (effective 2026-03-03).

Action: entry
Agreement: equity purchase
Counterparty: Music and Entertainment Rights Licensing Independent Network Limited ("Merlin")
Value: 500,000 shares of its common stock, $0.001 par value per share, at a deemed issued price of $7.50 pe
Effective: 2026-03-03

Exact text from the filing

On March 3, 2026, LiveOne, Inc. (the “Company”), Slacker, Inc. (“Slacker”), the Company’s wholly owned subsidiary, and Music and Entertainment Rights Licensing Independent Network Limited (“Merlin”) entered into a Shares Issuance Agreement (the “Agreement”) pursuant to which the Company agreed to issue to Merlin 500,000 shares (the “Shares”) of its common stock, $0.001 par value per share (the “common stock”), at a deemed issued price of $7.50 per share.

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Source: SEC EDGAR

accession 0001213900-26-025259

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