LiveOne to issue 500,000 shares to Merlin under shares issuance agreement

Reuters03-10
LiveOne to issue 500,000 shares to Merlin under shares issuance agreement

LiveOne and Merlin entered into a shares issuance agreement under which LiveOne will issue 500,000 common shares at a deemed price of USD 7.5 per share. The shares will be used to pay Slacker’s outstanding and future music royalty obligations to Merlin under their amended digital music services agreement. The amended agreement extends the term through November 30, 2026, with a possible extension to November 30, 2027. LiveOne said it will not receive any cash proceeds from the share issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LiveOne Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-025259), on March 09, 2026, and is solely responsible for the information contained therein.

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