LiveOne LVO

LiveOne enters forbearance agreement with lenders

Item 1.01 Enters material agreement, Item 2.03 Takes on debt

Form
8-K
Filed
Importance
Major
  1. Agreement with JGB Partners LP and others to forbear from exercising rights over defaults
  2. Company to pay $1,000,000 within 30 days and $1,250,000 within 60 days
  3. PodcastOne to issue 275,000 shares to lenders as fee
  4. Exit fee of $1,000,000 or 1.5% of proceeds over $50M if PodcastOne sale occurs

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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