LiveOne forbearance deal on debentures sets $1 million and $1.25 million payments
On October 29, 2026, LiveOne and certain subsidiaries entered a Forbearance Agreement and Amendment to Debentures with holders of its 11.75% senior secured convertible debentures issued May 19, 2025. The holders agreed to forbear from exercising remedies for an existing Event of Default, but the company must make $1,000,000 and $1,250,000 payments and faces a contingent exit fee tied to a sale of PodcastOne. The filing adds new cash obligations and a default-related arrangement that shareholders should weigh.
Key points
- Forbearance covers Event of Default under Section 7(a)(iii) of each debenture occurring before October 29, 2026; it ends on a Forbearance Termination Event or full payment of the obligations.
- Company must pay $1,000,000 within 30 days and $1,250,000 within 60 days of the October 29, 2026 Effective Date.
- November 2026 Holder Redemption Amount is deferred to December 15, 2026; redemption rights resume in December 2026.
- PodcastOne issued 275,000 shares to the holders as a fee; an exit fee equal to the greater of $1,000,000 or 1.5% of PodcastOne sale proceeds above $50,000,000 applies on a PodcastOne sale.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.