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LiveOne Inc. (LVO) announced the pricing of a 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 before deducting underwriting discounts, commissions, and offering expenses.
The entertainment and technology platform company plans to use the majority of the proceeds to launch its bitcoin yield treasury strategy program. The company’s board approved a treasury authorization of up to $500 million to expand the crypto asset treasury strategy, with initial proceeds of approximately $10 million dedicated to the bitcoin yield strategy.
Lucid Capital Markets is acting as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to an additional 1,775,000 shares at the public offering price, less underwriting discounts and commissions.
The offering is expected to close on or about July 17, 2025, subject to customary closing conditions. The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission on February 13, 2025, and declared effective on February 26, 2025.
"We’re incredibly excited to launch LiveOne’s bitcoin treasury strategy, marking a bold step toward integrating the future of digital assets into our business," said Robert Ellin, CEO and Chairman of LiveOne. "This initial $10 million investment — and the Board’s approval of up to $500 million—underscores our confidence in the long-term potential of crypto-focused assets to enhance shareholder value."
LiveOne is a music, entertainment, and technology platform with subsidiaries including Slacker, PodcastOne, and LiveXLive. The company provides premium experiences and content through memberships and live and virtual events.