LiveOne, Inc. Increases Stake in PodcastOne, Inc. to 71.5% Following Warrant Exercise

LiveOne, Inc. filed Amendment No. 2 to its Schedule 13D on May 13, 2026, reporting a significant increase in its beneficial ownership of PodcastOne, Inc. (PODC). As of the event date on May 11, 2026, LiveOne reported owning 20,430,126 shares of common stock, representing approximately 71.5% of the class. This update follows several key transactions: the exercise of 1,100,000 Bridge Warrants on May 11, 2026, and the acquisition of 135,135 shares on March 21, 2026, through the settlement of intercompany balances owed by PodcastOne to LiveOne. The filing also details historical context, including the 2020 acquisition of PodcastOne, the 2023 spin-out via direct listing, and a May 2025 Securities Purchase Agreement involving senior secured convertible debentures. LiveOne maintains sole voting and dispositive power over all 20,430,126 shares. The reporting person intends to evaluate its investment continually and may engage in discussions regarding strategic transactions, capital raising, or potential future acquisitions or disposals based on market conditions.