Live Ventures Files 8-K with Material Agreement
Ticker: LIVE · Form: 8-K · Filed: Apr 30, 2024 · CIK: 1045742
| Field | Detail |
|---|---|
| Company | Live Ventures INC (LIVE) |
| Form Type | 8-K |
| Filed Date | Apr 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-filing
TL;DR
LIVE VENTURES filed an 8-K on 4/29/24 for a material agreement & financials.
AI Summary
On April 29, 2024, Live Ventures Incorporated entered into a Material Definitive Agreement. The company also filed financial statements and exhibits as part of this 8-K filing. The specific details of the agreement and financial statements are not provided in this excerpt.
Why It Matters
This filing indicates a significant event for Live Ventures, potentially involving a new contract or financial transaction that could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial filings can introduce new risks or opportunities, but the lack of specific details in this excerpt makes a precise risk assessment difficult.
Key Numbers
- 001-33937 — SEC File Number (Identifies the company's filing history with the SEC.)
Key Players & Entities
- Live Ventures Incorporated (company) — Registrant
- April 29, 2024 (date) — Date of earliest event reported
- 0001628280-24-019278 (filing_id) — Accession Number
FAQ
What is the nature of the Material Definitive Agreement entered into by Live Ventures Incorporated?
The provided excerpt does not specify the details of the Material Definitive Agreement.
What are the key financial statements and exhibits filed with this 8-K?
The excerpt states that financial statements and exhibits were filed, but does not list their specific contents.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on April 29, 2024.
What is Live Ventures Incorporated's state of incorporation?
Live Ventures Incorporated is incorporated in Nevada.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 85-0206668.
Filing Stats: 1,010 words · 4 min read · ~3 pages · Grade level 17 · Accepted 2024-04-30 13:31:48
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share LIVE The NASDAQ Sto
Filing Documents
- live-20240429.htm (8-K) — 30KB
- ll-acaciacooperationagreem.htm (EX-10.1) — 143KB
- 0001628280-24-019278.txt ( ) — 329KB
- live-20240429.xsd (EX-101.SCH) — 2KB
- live-20240429_lab.xml (EX-101.LAB) — 22KB
- live-20240429_pre.xml (EX-101.PRE) — 13KB
- live-20240429_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On April 29, 2024, Live Ventures Incorporated (the "Company") entered into a cooperation agreement (the "Cooperation Agreement") with Isaac Capital Group LLC, a Delaware limited liability company ("ICG," and together with the Company, the "Live Parties"), and LL Flooring Holdings, Inc, a Delaware corporation ("LL Flooring"). I CG, together with Jon Isaac, the Company's President and Chief Executive Officer and the President and sole member of ICG, control approximately 49.0% of the outstanding voting power of the Company (assuming the exercise of all outstanding and exercisable warrants held by them). Pursuant to the Cooperation Agreement, the Live Parties irrevocably withdrew their notice to nominate three (3) individuals to stand for election to LL Flooring's board of directors (the "LL Flooring Board") at LL Flooring's 2024 annual meeting of stockholders ("LL Flooring's 2024 Annual Meeting"). Subject to the satisfaction of certain conditions precedent provided for in the Cooperation Agreement, if ten (10) business days prior to the end of the Cooperation Period (as defined below) LL Flooring has not entered into a definitive agreement with the Live Parties for the acquisition of LL Flooring or LL Flooring has not consummated certain extraordinary transactions with a third party, then the LL Flooring Board will increase the size of the LL Flooring Board by one (1) Class I director position and (i) appoint one (1) independent director selected by the Live Parties who is not affiliated with the Live Parties and who is reasonably acceptable to the LL Flooring Board to serve as a Class I director (the "New Director") and (ii) nominate the New Director for election at LL Flooring's 2025 annual meeting of stockholders ( "LL Flooring's 2025 Annual Meeting"). In addition, the Cooperation Agreement also provides that subject to the satisfaction of certain conditions precedent, if, following the appointment of the New
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Cooperation Agreement, dated as of April 29, 2024, by and among Live Ventures Incorporated, a Nevada corporation, Isaac Capital Group LLC, a Delaware limited liability company, and LL Flooring Holdings, Inc., a Delaware corporation . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIVE VENTURES INCORPORATED By: /s/ Jon Isaac Name: Jon Isaac Title: Chief Executive Officer Dated: April 30, 2024 3