LiveOne is a creator-focused music, entertainment, and technology platform operating LiveOne, PodcastOne, and Slacker streaming services. The company launched a Bitcoin yield treasury strategy in July 2025 through a public equity offering, partnering with Arca to co-manage its crypto treasury portfolio.
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| LVO-May28 | May '25 – May '28 | 11.75% | 16.77M USD | 16.77M USD | 21.00 USD | 0.4x |
| Total | 16.77M USD | |||||
500,000 shares issued to Merlin for royalty payments at $7.50/share
Form 8-K (Merlin share issuance agreement)8,189 shares at $1,000 stated value; balance after multiple conversions and PIK dividends since Feb 2023 issuance
Form 10-Q (Q3 FY2026)