LiveOne Faces Delisting Concerns

TL;DR

LiveOne might get kicked off Nasdaq, big trouble ahead.

AI Summary

LiveOne, Inc. filed an 8-K on November 15, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The filing indicates potential issues with meeting Nasdaq's continued listing requirements, which could lead to a transfer of listing or delisting from the exchange.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules, which could negatively impact investor confidence and the company's ability to trade publicly.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards indicates significant compliance issues that could lead to the company's stock being removed from a major exchange.

Key Players & Entities

• LiveOne, Inc. (company) — Registrant
• Nasdaq (company) — Exchange where shares are listed
• November 12, 2024 (date) — Earliest event reported
• November 15, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value per share LVO The NASDAQ
• $1.00 — )(2) to maintain a minimum bid price of $1.00 per share (the "Bid Price Rule"). The

Filing Documents

• ea0221112-8k_liveone.htm (8-K) — 26KB
• 0001213900-24-099170.txt ( ) — 195KB
• lvo-20241112.xsd (EX-101.SCH) — 3KB
• lvo-20241112_lab.xml (EX-101.LAB) — 33KB
• lvo-20241112_pre.xml (EX-101.PRE) — 22KB
• ea0221112-8k_liveone_htm.xml (XML) — 4KB

01 Notice of Delisting or Failure to

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 12, 2024, LiveOne, Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that, based on the closing bid price for the previous 30 consecutive business days, the listing of the Company's shares of common stock was not in compliance with Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share (the "Bid Price Rule"). The letter from Nasdaq has no immediate effect on the listing of the Company's common stock on The Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from November 12, 2024, to regain compliance with the Bid Price Rule. To regain compliance during this 180-day compliance period, the closing bid price of the Company's shares of common stock must be at least $1.00 for a minimum of ten consecutive business days. In the event that the Company does not regain compliance with the Bid Price Rule prior to the expiration of the 180-day compliance period, the Company may be eligible for an additional 180-day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Rule, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse share split, if necessary. If the Company is not able to meet these requirements, the Company will receive written notification from Nasdaq that the Company's shares are subject to delisting. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Lis

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIVEONE, INC. Dated: November 15, 2024 By: /s/ Aaron Sullivan Name: Aaron Sullivan Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR