SCHEDULE: LiveOne Increases Stake in PodcastOne to 71.5%

LiveOne, Inc. has increased its beneficial ownership in PodcastOne, Inc. to 71.5% following the exercise of 1.1 million warrants and an intercompany debt settlement.

Summary

• LiveOne, Inc. now beneficially owns 20,430,126 shares of PodcastOne, Inc. common stock.
• The current ownership stake represents approximately 71.5% of PodcastOne's total issued and outstanding shares.
• The increase in ownership resulted from the exercise of 1,100,000 Bridge Warrants on May 11, 2026.
• An additional 135,135 shares were acquired on March 21, 2026, through the settlement of intercompany balances.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative update reflecting standard corporate housekeeping and consolidation of control rather than a fundamental shift in business performance.

Positives

• Consolidation of majority control (71.5%) over the subsidiary.
• Successful reduction of intercompany debt through equity settlement.
• Full exercise of outstanding Bridge Warrants, simplifying the capital structure.

Negatives

• High concentration of ownership may limit public float and liquidity for other shareholders.
• The parent company, LiveOne, remains subject to significant debt obligations and security agreements involving its assets and those of its subsidiaries.

Risks

• Potential for future dilution or capital raising activities as indicated in the filing.
• The parent company's obligations under the May 2025 Securities Purchase Agreement are secured by a lien on all assets, including those of the Issuer.
• Exposure to mandatory redemption requirements and potential acceleration of debt obligations.

Future Outlook

The Reporting Person intends to evaluate its investment on a continual basis and may engage in discussions regarding operations, strategic direction, or potential capital raising transactions, including debt or equity offerings, mergers, or acquisitions.

Management Comments

• The Reporting Person reserves its right to review or reconsider its position and take actions it deems appropriate in light of existing circumstances.

Industry Context

StockSavvy.ai notes that this filing reflects a trend of parent companies tightening control over media-tech subsidiaries to streamline operations and manage intercompany debt, common in the current high-interest-rate environment.

Comparison to Industry Standards

• The 71.5% ownership level is consistent with majority-controlled media spin-offs where the parent retains significant strategic influence.
• The use of intercompany debt-for-equity swaps is a standard mechanism for cash-constrained entities to clean up balance sheets.

Corporate Governance

Related Party Transactions

• Settlement of intercompany balances through the issuance of 135,135 shares of common stock.
• Ongoing subsidiary guarantee and security agreements between LiveOne and PodcastOne.

Stakeholder Impact

• Minority shareholders may experience reduced liquidity due to the high concentration of ownership.
• Creditors of the parent company have a secured interest in the assets of the subsidiary.

Next Steps

• Continued evaluation of investment in PodcastOne.
• Potential engagement in strategic transactions or capital raising.

Key Dates

Recommendation

The filing represents a consolidation of existing control rather than a new growth catalyst; investors should hold until further clarity on the parent company's debt obligations and potential capital raising plans is provided.

Keywords

PodcastOne, LiveOne, Schedule 13D, Beneficial Ownership, Warrant Exercise, Corporate Governance