LiveOne sets ex-dividend date for PodcastOne’s special dividend

LiveOne announced that September 5, 2023 has been set by Nasdaq and LiveOne as the ex-dividend date for LiveOne shareholders to receive pro rata its previously announced 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. After the Spin-Out, LiveOne will own approximately 80% of PodcastOne and continue to consolidate PodcastOne’s financial results. Shareholders who hold shares of LiveOne common stock as of the close of business on the Record Date and through the end of stock market trading on September 1, 2023, and shareholders who purchase shares of LiveOne common stock in the market and hold such purchased shares through the end of stock market trading on September 1, 2023, will be eligible to receive the Special Dividend pro rata payment. Those who purchase LiveOne shares after September 1, 2023 will not be eligible to receive the Special Dividend payment. LiveOne has scheduled the Special Dividend payment to eligible stockholders to be distributed on September 1, 2023. LiveOne previously announced August 28, 2023 as the record date to determine LiveOne’s shareholders of record eligible to receive its planned Special Dividend.