LiveOne says PodcastOne valued betwen $230M-$274M

LiveOne 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 LiveOne’s planned spin-out of PodcastOne as a separate publicly-traded company to be listed on a national exchange. Separately, LiveOne is extending the record date to March 10, 2023 to determine LiveOne’s shareholders eligible to receive the planned special dividend of a portion of PodcastOne’s common stock as part of LiveOne’s intention to spin-out PodcastOne as a separate public company. The Company will announce the payment date of the planned special dividend subsequent to receiving from the SEC notice of effectiveness with respect to PodcastOne’s registration statement previously filed on Form S-1 with the SEC, as well as obtaining final regulatory approvals. Other criteria to determine LiveOne’s shareholders of record eligible for the special dividend shall be determined and announced by LiveOne at a later date. The planned spin-out, amount of the special dividend and LiveOne’s shareholders’ dividend eligibility shall be subject to obtaining applicable approvals and compliance with applicable rules and regulations and public market trading and listing requirements.