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May 12, 2026 8:02 AM

LiveOne (Nasdaq: LVO) Subsidiary PodcastOne (Nasdaq: PODC) Receives $5.5M Cash Payment from $3 Per Share Warrant Exercise

Proceeds to support podcast and podcast network acquisitions, expand LVO's TV Network and Celebrity Brands division, and accelerate AI initiatives across 250,000+ hours of audio and video content

LVO and its bankers are actively evaluating strategic alternatives, including potential consolidation of PodcastOne and additional M&A opportunities

LVO currently owns ~20.5M shares of PODC common stock

LOS ANGELES, May 12, 2026 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ:LVO) today announced that its subsidiary, PodcastOne, Inc. (NASDAQ:PODC), has received approximately $5.5 million in cash proceeds from the exercise of warrants of PodcastOne common stock at $3 per share.

"Receiving this additional capital meaningfully strengthens our balance sheet and positions us to aggressively pursue strategic growth opportunities across podcasting, television, celebrity brands and AI," said Robert Ellin, Chairman and CEO of LiveOne. "We believe the combination of our content library, distribution platform and AI capabilities creates a significant opportunity to drive long-term shareholder value."

About LiveOneHeadquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter For more investor information, please visit ir.liveone.com.

About PodcastOnePodcastOne (NASDAQ:PODC) is a ...