LiveOne entered into a Shares Issuance Agreement with Music Story to settle outstanding fees and prepay a portion of future fees under their metadata license and services relationship. The company will issue 70,000 common shares at a deemed price of $7.50 per share, with net sale proceeds offsetting fees owed to Music Story. The agreement also extends the license term through February 24, 2028 and limits Music Story's share sales to 3.5% of the 20-day average daily volume. Shares will be issued off LiveOne's shelf registration; the company will receive no cash proceeds.
Agreement details:
- Agreement type: Shares Issuance Agreement and amendment extending metadata license and services
- Counterparty: Music Story
- Signed / Effective: Jul 22 2026 / Jul 22 2026
- Duration / Termination: Through Feb 24 2028
- Reason: Settle and prepay metadata license fees and extend partnership
Original SEC Filing:
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