LiveOne, Inc. (LVO) Form 8-K — Nov 4, 2026
LiveOne entered into a Forbearance Agreement and Amendment to Debentures dated October 29, 2026 with JGB-led holders of its 11.75% senior secured convertible debentures, acknowledging an Event of Default and aggregate obligations of at least $15.13 million as of October 22, 2026. Under the deal, the lender agent retains $5.25 million of transferred company funds, and LiveOne must pay $1 million by November 30, 2026 and $1.25 million within 60 days; after roughly $7.5 million is paid, the $7.5 million minimum cash covenant is removed.
Key figures
- Debt Amount
- $15,130,182.95 aggregate Obligations as of October 22, 2026 (prior to application of Transferred Funds)
- Interest Rate
- 11.75
- Maturity Date
- May 19, 2028
- Exit fee
- greater of $1,000,000 and 1.5% of PodcastOne Sale Proceeds above $50,000,000
- Cash target
- $7,500,000
- Initial payment
- $1,000,000 due by November 30, 2026
- Transferred funds
- $5,246,811.22 retained by Agent
- Additional payment
- $1,250,000 due within 60 days
- Liquidated damages
- 2% of outstanding debenture principal per 30-day registration delay, max 4%
- Forbearance fee shares
- 275,000 PodcastOne (PODC) shares
AI analysis
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