LiveOne, Inc. (NasdaqCM:LVO) planned to spin off a 19% stake in PodcastOne, LLC on July 15, 2022. LiveOne's shareholders will receive as a special dividend of up to 3,220,000 shares of common stock out of the 20,000,000 shares held by LiveOne immediately prior to the Distribution, consisting of (i) 3,200,000 Distribution Shares to be distributed as a special dividend in the Distribution and (ii) up to an additional 20,000 Distribution Shares to the extent that any Distribution Shares to be issued to LiveOne?s stockholders of record in the Distribution are required to be rounded up. Each 28 shares of LiveOne common stock outstanding as of the Record Date will entitle the holder thereof to receive one share of Courtside's common stock (the ?Distribution Ratio?), with any holder of less than 28 shares of LiveOne common stock receiving one share of our common stock as result of rounding up of any fractional shares of our common stock. As of August 21, 2023, LiveOne Shareholders of record are expected to Receive Approximately 0.048 Shares of PodcastOne Common Stock Per Share of LiveOne Common Stock.

Post completion, PodcastOne, LLC will be listed on stock exchange. PodcastOne hopes to list its shares on Nasdaq under the symbol PODC. Transaction is subject to obtaining applicable approvals and consents and complying with applicable rules and regulations and public market trading and listing requirements. The transaction is subject to the SEC shall have declared effective the registration statement. As of December 29, 2022, The Record has been changed to January 16, 2023. Completion is anticipated by the end of year 2022. LiveOne expects to file a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission by December 31, 2022 and complete the spin-out by the end of its Fiscal 2023. As per disclosure of December 27, 2022, LiveOne is expected to file the corresponding S-1 with the Securities and Exchange Commission by December 27, 2022, having previously set (and then delayed) a December 15, 2022 deadline. As per the announcement of February 23, 2023, Registration Statement on Form S-1 is filed. The record date of transaction is March 10, 2023. Courtside Group, which is doing business under the name PodcastOne (PODC), has filed for a direct listing of its shares on Nasdaq. LIVEONE INC extends Record Date to April 7, 2023, for its Planned Special Dividend of a Portion of PodcastOnes Equity. As of April 17, 2023, The record date of transaction is April 20, 2023. As of August 21, 2023, The record date of transaction is August 28, 2023.

The spin-off is condition upon, LiveOne?s board of directors shall not have withdrawn its authorization and approval of the Direct Listing and/or the Distribution, LiveOne?s senior lenders (East West Bank, Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd.) shall have authorized and approved the Direct Listing and the Distribution, and we shall have entered into any amendments to LiveOne?s security agreements and other ancillary agreements with the senior lenders that they determine to be necessary, in each case, on terms and conditions acceptable to Courtside, the Separation Agreement and the Administrative Services Agreement and the ancillary agreements contemplated by those agreements shall have been executed by each party to those agreements, common stock shall have been accepted for listing on The Nasdaq Capital Market or another national securities exchange approved by LiveOne, subject to official notice of issuance. As of June 24, 2023, the registration statement got effective. As of August 14, 2023, Courtside Group, Inc. has been approved for listing on Nasdaq. As of August 30, 2023, The transaction is expected to close on September 5, 2023.

VStock Transfer, LLC will serve as distribution agent in connection with the Distribution and as transfer agent and registrar for Courtside's common stock. Foley Shechter LLP acted as legal advisor, ROTH Capital Partners, LLC acted as a financial advisor in connection with the distribution of shares.

LiveOne, Inc. completed the Spin-Off of a 19% stake in PodcastOne, Inc. (NasdaqCM:PODC) on September 8, 2023.