LiveOne (Nasdaq: LVO) Closes $16.775M Debt Financing, Convertible at $2.10 Per Share, Led by Funds Advised by JGB Management, Inc. and Other Investors

Potential Additional Funding of up to $11MRaised subscription price by$1/month (ARPU increased from $3 to$5 since Jan. 1, 2025) Financial Moves Paid off $7M East West Bank loanExtinguished$4M short-term payablesExtended $5M of short-term payable to long-term debt Planned Initiatives Grow/close up to 75 B2B partnershipsConvert Additional Tesla subscribersPursue M&A opportunitiesExpand AI and data mining to monetize 60M databaseGrow current 1.5M subscribers and ad-supported users LOS ANGELES, May 22, 2 ...