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LiveOne (Nasdaq: LVO) Selects Crypto Asset Management Firm Arca to Execute Bitcoin Treasury Yield Strategy
Globenewswire· 2025-07-17 12:00
Core Insights - LiveOne has announced a strategic partnership with Arca to co-manage its expanding cryptocurrency treasury portfolio, indicating a focus on enhancing its financial strategy through cryptocurrency investments [1][2]. Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, offering premium experiences and content through memberships and live and virtual events [3]. - The company operates several subsidiaries, including Slacker, PodcastOne, and LiveXLive, and provides services across various platforms such as iOS, Android, Roku, and more [3]. Strategic Focus - The partnership with Arca aims to execute a multi-coin strategy that is expected to generate high yield returns, showcasing the company's commitment to leveraging cryptocurrency for financial growth [2].
LiveOne (Nasdaq: LVO) Announces Pricing of Public Offering to Launch Bitcoin Yield Treasury Strategy
GlobeNewswire News Room· 2025-07-16 12:00
Core Viewpoint - LiveOne is expanding its crypto asset treasury strategy with an initial investment of $10 million dedicated to a Bitcoin yield strategy, supported by a board-approved authorization of up to $500 million to enhance shareholder value and innovation in the digital asset space [1][2]. Group 1: Financial Offering - The company has priced its public offering of 11,833,334 shares of common stock at $0.75 per share, expected to generate gross proceeds of approximately $8.9 million before expenses [1]. - The offering is set to close on or about July 17, 2025, subject to customary closing conditions, and includes a 45-day option for the underwriter to purchase an additional 1,775,000 shares [3]. Group 2: Strategic Intent - The initial $10 million investment in the Bitcoin yield strategy reflects the company's confidence in the long-term potential of crypto assets to drive innovation and enhance shareholder value [2]. - The board's approval for a treasury authorization of up to $500 million indicates a significant commitment to integrating digital assets into the company's business model [2]. Group 3: Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, with a focus on delivering premium experiences through memberships and live events [6]. - The company's subsidiaries include Slacker, PodcastOne, and others, indicating a diverse portfolio aimed at enhancing its market presence [6].