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PodcastOne issues 275,000 shares and agrees to $1M Exit Fee in Forbearance Agreement with JGB Partners

PODCPodcastOne, Inc.

PodcastOne entered into a forbearance agreement with JGB Partners regarding its parent company LiveOne's convertible debentures. The deal includes the issuance of 275,000 shares as a fee, a payment schedule totaling $7.5 million to lenders, and an exit fee payable upon a change of control or at maturity. PodcastOne operates in the digital audio and podcasting industry.

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