LiveOne Enters New Agreement, Terminates Old One
Ticker: LVO · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1491419
Sentiment: neutral
Topics: material-agreement, financial-obligation, agreement-termination
TL;DR
LiveOne just signed a new deal and ditched an old one, creating new financial obligations.
AI Summary
On January 28, 2025, LiveOne, Inc. entered into a material definitive agreement and simultaneously terminated another. The company also created a direct financial obligation or an off-balance sheet arrangement. The filing includes financial statements and exhibits.
Why It Matters
This filing indicates significant changes in LiveOne's contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The entry into new agreements and termination of old ones, along with the creation of new financial obligations, introduces uncertainty about the company's strategic direction and financial stability.
Key Players & Entities
- LiveOne, Inc. (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-38249 (identifier) — SEC File Number
- 98-0657263 (identifier) — IRS Number
FAQ
What type of material definitive agreement did LiveOne, Inc. enter into?
The filing indicates the entry into a material definitive agreement but does not specify its nature.
What was the nature of the terminated material definitive agreement?
The filing states that a material definitive agreement was terminated, but provides no details on its terms or purpose.
What is the specific financial obligation created by LiveOne, Inc.?
The filing mentions the creation of a direct financial obligation or an off-balance sheet arrangement, but does not provide specific details or amounts.
What is the significance of the 'Item Information' regarding financial statements and exhibits?
This indicates that the filing includes financial statements and exhibits, which are crucial for understanding the company's financial position and the details of the reported events.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on January 28, 2025.
Filing Stats: 1,080 words · 4 min read · ~4 pages · Grade level 11.7 · Accepted 2025-02-03 17:00:09
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share LVO The NASDAQ
- $3,750,000 — e Promissory Note (as defined below) to $3,750,000, reflecting the Company's repayment of
- $3,250,000 — , reflecting the Company's repayment of $3,250,000 of the principal amount to date, and to
- $5,000,000 — with the Senior Lender is maintained at $5,000,000. The Credit Facility continues to be co
- $7,000,000 — der in the original principal amount of $7,000,000 (the "Promissory Note"), as reduced by
- $400,000 — ory Note in 9 equal monthly payments of $400,000 each beginning February 20, 2025, and t
- $151,291.67 — 0, 2025, and the final 10 th payment of $151,291.67 on November 20, 2025. The foregoing d
Filing Documents
- ea0229406-8k_liveone.htm (8-K) — 39KB
- ea022940601ex10-1_liveone.htm (EX-10.1) — 114KB
- ea022940601ex10-2_liveone.htm (EX-10.2) — 22KB
- 0001213900-25-009507.txt ( ) — 384KB
- lvo-20250128.xsd (EX-101.SCH) — 3KB
- lvo-20250128_lab.xml (EX-101.LAB) — 33KB
- lvo-20250128_pre.xml (EX-101.PRE) — 22KB
- ea0229406-8k_liveone_htm.xml (XML) — 4KB
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. Date: February 3, 2025 By: /s/ Aaron Sullivan Name: Aaron Sullivan Title: Chief Financial Officer 2