LiveOne entered a Forbearance Agreement and Amendment to Debentures with JGB Partners and related lenders on October 29, 2026. The agreement provides forbearance from exercising remedies for existing defaults in exchange for $7.5 million in total payments: approximately $5.246 million already transferred to the agent, a $1 million payment due within 30 days, and a $1.25 million payment due within 60 days. The October 2026 monthly redemption right is waived, while November's amount is deferred to December 15, 2026. Monthly redemptions resume in December 2026. As consideration, LiveOne's subsidiary PodcastOne issued 275,000 shares of its common stock to the lenders and agreed to an exit fee payable upon a sale or at maturity. The company must also file a registration statement for these shares within 30 days. LiveOne operates in the digital audio and podcasting industry.
