LiveOne Inc. has announced a strategic conversion of its Series A Perpetual Convertible Preferred Stock as part of its latest financial maneuvers. On July 15, 2025, the company entered into agreements with Harvest Small Cap Partners and Trinad Capital, exchanging a total of $6,750,000 worth of preferred shares for 4,500,000 shares of common stock. This conversion, priced at $1.50 per share, also grants the holders three-year warrants to purchase additional shares at $0.01 each. The move is aimed at strengthening LiveOne's financial structure and optimizing its capital base. The company has committed to filing a Registration Statement to facilitate the resale of these warrants and shares, ensuring regulatory compliance and enhancing shareholder value.
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