Item 3.02 Unregistered Sales of Equity Securities.
On December 30, 2021, a holder of LiveOne, Inc.'s (the "Company") debt in the
total principal and accrued interest amount of approximately $2.4 million
exchanged the full amount of the debt into approximately 1.16 million shares of
the Company's common stock (the "Shares") at an exchange price of $2.10 per
share.
The Shares will be issued pursuant to an exemption from registration under
Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of
Regulation D promulgated thereunder.
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