Liveone, Inc. (LVO) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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The conversion of Liveone, Inc.’s Series A Preferred Stock into approximately 6.47 million shares of common stock at $2.10 per share poses a significant risk of ownership dilution for current shareholders. This potential influx of common stock could lead to a decrease in the value of existing shares and exert downward pressure on market prices. The anticipation of such conversions may prompt further market volatility, negatively impacting investor confidence and stock performance. This dilution risk highlights a pivotal concern for Liveone, Inc. as it navigates shareholder and market dynamics.
The average LVO stock price target is $3.00, implying 224.25% upside potential.
To learn more about Liveone, Inc.’s risk factors, click here.
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