PodcastOne issues 275,000 shares to lenders in LiveOne debenture forbearance deal
On October 29, 2026, PodcastOne, its majority parent LiveOne, and subsidiary guarantors entered into a Forbearance Agreement with holders of LiveOne's 11.75% senior secured convertible debentures. The lenders agreed not to exercise remedies for certain Events of Default that may have occurred, in exchange for cash payments, a fee in PodcastOne shares, and a new exit fee. The share issuance adds to the common stock outstanding, and the filing indicates the debt remains in default-related negotiations.
Key points
- PodcastOne issued 275,000 common shares to the holders in a private placement as a fee for the forbearance
- LiveOne must pay $1,000,000 within 30 days and $1,250,000 within 60 days of October 29, 2026
- Exit fee of the greater of $1,000,000 or 1.5% of Company Sale Proceeds above $50,000,000, payable on maturity or a Company Sale
- PodcastOne must file a resale registration statement within 30 days; late filing triggers payments of 2% per 30 days, up to 4%
The filing
Written by AI on Nov 9, 2026, 11:44 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.