LiveOne Issues Shares to Settle Music Royalty Obligations

Tip Ranks
2026.03.09 21:50
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LiveOne, Inc. has announced a share issuance agreement to issue 500,000 common shares at $7.50 each to settle music royalty obligations with Merlin. This agreement extends their Digital Music Services Agreement through November 2026, with a potential extension to November 2027. The issuance, expected around March 10, 2026, will not generate cash for LiveOne but will help maintain liquidity and secure access to licensed music content. Analysts rate LVO stock as a Buy with a $15.00 price target, though concerns about financial performance persist.