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LiveOne Secures New Loan Agreement with East West Bank

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LiveOne Secures New Loan Agreement with East West Bank

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The latest announcement is out from LiveOne ( (LVO) ).

On January 28, 2025, LiveOne, Inc. entered into a new Business Loan Agreement with East West Bank to update the terms of its current credit facility, reducing the principal amount to $3,750,000 and extending the maturity date to November 20, 2025. The agreement includes maintaining a minimum cash deposit of $5,000,000 and is collateralized by a first lien on all of the company’s assets. It also imposes certain covenants on the company, which, if breached, could lead to the acceleration of obligations to the lender.

More about LiveOne

YTD Price Performance: 16.94%

Average Trading Volume: 531,341

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $138.7M

Learn more about LVO stock on TipRanks’ Stock Analysis page.

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