LiveOne announces 6.75M preferred stock conversion at $1.50 per share

LiveOne (LVO) announced certain investors elected to convert their preferred stock to common stock at $1.50 per share. “We are incredibly excited and grateful that our amazing partners, Harvest Funds and No Street Capital, have elected to convert their preferred shares into common stock at $1.50 per share,” said Robert Ellin, CEO. “This vote of confidence from such highly respected investors reinforces their belief in our long-term vision and growth strategy. Their decision strengthens our capital structure, aligns interests with shareholders, and sets the stage for the next phase of value creation at LiveOne.”