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 story : LiveOne exchanges .4 million in debt into common stock #FinanceUSA #StockMarketNEWS LiveOne Inc. said Monday it has exchanged .4 million of outstanding debt into shares of common stock, at a price

@stockMarketNEWS Tue 04 Jan, 2022

Posted in: #FinanceUSA #StockMarketNEWS

LiveOne exchanges .4 million in debt into common stock #FinanceUSA #StockMarketNEWS
LiveOne Inc. said Monday it has exchanged .4 million of outstanding debt into shares of common stock, at a price of .10 a share. That represents a 64% premium to Friday's stock closing price of .28. The livestream and on-demand audio, video and podcast platform said it expects holders of "substantial additional payables and debt" to also convert into common stock. LiveOne's stock, which was little changed in premarket trading, has tumbled 59.5% over the past three months while the S&P 500 has gained 9.4%.


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