SoFi CEO enters prepaid forward contract on 1.5 million shares
LOS ANGELES - LiveOne Inc. (NASDAQ:LVO), a music and entertainment platform with a current market capitalization of $72.47 million, announced Wednesday the pricing of its public offering of 11,833,334 shares of common stock at $0.75 per share, expected to generate gross proceeds of approximately $8.9 million. According to InvestingPro data, the stock has experienced significant volatility, declining nearly 49% year-to-date.
The company plans to use most of the proceeds to launch a Bitcoin yield treasury strategy program. LiveOne’s board has approved up to $500 million for its crypto asset treasury strategy, with initial proceeds of approximately $10 million dedicated to Bitcoin investments. InvestingPro analysis shows the company holds more cash than debt on its balance sheet, potentially supporting this strategic move, though current financial health metrics indicate a ’FAIR’ overall rating.
"We’re incredibly excited to launch LiveOne’s Bitcoin treasury strategy," said Robert Ellin, CEO and Chairman of LiveOne, according to the company’s press release.
Lucid Capital Markets is acting as the sole book-running manager for the offering, which is expected to close on or about July 17, 2025. The company has granted the underwriter a 45-day option to purchase up to an additional 1,775,000 shares at the public offering price.
The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission in February 2025.
LiveOne, headquartered in Los Angeles, operates several subsidiaries including Slacker, PodcastOne (NASDAQ:PODC), PPVOne, and others. The company describes itself as a creator-first platform focused on delivering premium content through memberships and events.
The announcement comes as more companies explore cryptocurrency investments as part of their treasury strategies. With annual revenue of $114.41 million and a strong free cash flow yield, LiveOne’s financial metrics reveal interesting insights about the company’s position. For deeper analysis and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with detailed financial health assessments and expert insights.
In other recent news, LiveOne Inc. reported its financial results for the fourth quarter of 2025, showing a significant earnings miss and a decline in revenue. The company’s earnings per share (EPS) was -$0.08, falling short of the forecasted -$0.0416, while revenue reached $19.3 million, below the expected $24.02 million. The full-year revenue amounted to $114.4 million, with a net loss of $10.9 million for the quarter. In related developments, LiveOne entered into agreements with Harvest Small Cap Partners and Trinad Capital to exchange Series A Perpetual Convertible Preferred Stock for common shares and issue warrants. This move involved the exchange of $6.75 million worth of Series A Preferred Stock for 4.5 million common shares at $1.50 per share. Freedom Broker recently lowered its price target for LiveOne to $1.40 from $1.50, maintaining a Buy rating, following the company’s mixed fiscal year results. The brokerage firm also revised downward its revenue and net income forecasts for fiscal years 2026-2027, citing a decline in Slacker Radio revenue. These developments highlight the challenges and strategic maneuvers LiveOne is undertaking as it navigates its financial landscape.
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