LiveOne announced PodcastOne Common Stock Expected to Commence Trading on a National Securities Exchange on or Around September 8, 2023. The company also announced that it has set August 28, 2023 as the record date to determine LiveOne’s shareholders of record eligible to receive its planned special dividend of approximately 19% of PodcastOne’s common stock as part of its planned spin-out of PodcastOne as a separate public company. In February 2023, LiveOne announced it had received an independent, third party valuation from ValueScope, which indicates that the fair market value range of its wholly-owned subsidiary PodcastOne’s equity, on a controlling, marketable interest basis, as of December 31, 2022, is reasonably stated as between $230 million and $274 million. The valuation report was obtained in connection with planned Spin-Out. Other criteria, if any, to determine LiveOne’s shareholders eligible for the special dividend shall be determined and announced by LiveOne at a later date.
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