LiveOne receives Nasdaq delisting notice, appeals and enacts reverse stock split

LiveOne, Inc. (NASDAQ:LVO) received a delisting determination letter from the Nasdaq Stock Market staff on Thursday, following the company’s failure to regain compliance with the minimum $1.00 bid price requirement under Nasdaq Listing Rule 5550(a)(2) by the September 24 deadline. This information was disclosed in a press release statement filed with the Securities and Exchange Commission.

According to the filing, LiveOne was not eligible for a second 180-day extension to regain compliance because it did not meet the minimum stockholders’ equity initial listing requirement for the Nasdaq Capital Market. As a result, unless the company requests an appeal by Thursday, the company’s securities are scheduled for delisting from the exchange.

LiveOne reported that on Thursday it filed a timely appeal of the delisting determination by submitting a hearing request to the Nasdaq Hearings Panel. This appeal automatically stays the delisting process at least until the hearing concludes and any extension granted by the panel expires. During this period, the company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “LVO.”

To address the bid price deficiency, LiveOne implemented a one-for-ten reverse stock split of its outstanding shares of common stock. The reverse split took effect in the market on Friday, and the company’s shares began trading on a split-adjusted basis on the same day.

At the upcoming panel hearing, LiveOne plans to present a compliance plan. The panel may allow up to an additional 180 days for the company to meet the bid price requirement. The company noted that there is no assurance the plan will be accepted or that the appeal will be successful.

All information in this article is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, LiveOne Inc. reported its Q1 Fiscal Year 2026 earnings, revealing an earnings per share (EPS) of -0.04, which aligned with analyst forecasts. The company’s revenue reached $19.21 million, surpassing expectations of $18.39 million by 4.46%. Despite the revenue beat, challenges remain, as highlighted by Freedom Broker’s decision to lower its price target for LiveOne to $1.20 from $1.40, while still maintaining a Buy rating. The adjustment is attributed to a decline in Slacker Radio’s revenue following a renegotiation with Tesla last year. However, growth in PodcastOne has partially offset this decline. Pressure on LiveOne’s overall profitability persists despite ongoing cost-cutting measures. These developments provide investors with critical insights into the company’s current financial health and market position.

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