PodcastOne files to sell 7.44M shares of common stock in Nasdaq direct listing

The company states in an S-1 filing: "This prospectus relates to the registration of the resale of up to 6,183,664 shares of our common stock, $0.00001 par value per share, by our stockholders identified in this prospectus, or their permitted transferees (and together with LiveOne (LVO) in connection with our direct listing on the Nasdaq Capital Market, consisting of (i) 3,069,664 shares of our common stock reserved for issuance upon the conversion of $8,838,500 aggregate principal amount of our Bridge Notes (as defined in this prospectus) purchased by certain Registered Stockholders, plus the amount of accrued and unpaid interest, if any, that is payable in shares of our common stock in connection with the conversion thereof, (ii) 2,946,167 shares of our common stock that may be issued upon exercise of the Bridge Warrants (as defined in this prospectus) that we issued to certain Registered Stockholders, and (iii) 167,833 shares of our common stock that may be issued upon exercise of the Bridge Warrants that we issued to the placement agent, a Registered Stockholder, in connection with the offering of the Bridge Notes and the Bridge Warrants."