LiveOne Plans 1-For-10 Reverse Split To Avoid Nasdaq Delisting.

PodcastOne parent LiveOne will execute a one-for-ten reverse stock split this week in a move aimed at propping up its share price and maintaining its Nasdaq listing. The company disclosed in a Securities and Exchange Commission filing that the split will take effect on Friday (Sept. 26), with shares set to begin trading on a split-adjusted basis at market open that day.

The split will shrink the number of outstanding common shares by 90%, turning every ten pre-split shares into one. Fractional shares will not be issued, with investors instead receiving cash in lieu based on sales handled by the transfer agent. The ticker symbol will remain “LVO.”

The move comes as LiveOne’s stock has struggled to stay above Nasdaq’s minimum $1 bid-price requirement. Shares are currently trading around 50 cents, down sharply from a 52-week high of about $1.60, leaving the company deep in penny-stock territory and at risk of delisting.

“The reverse stock split is intended to enable the company to comply with the minimum bid price requirement for continued listing on Nasdaq,” the filing states. By consolidating shares, LiveOne will lift its per-share price, a standard maneuver for companies seeking to avoid delisting.

The reverse split was approved by shareholders earlier this month, giving the board authority to select a ratio between one-for-three and one-for-ten. The board opted for the maximum ratio, underscoring the severity of the price decline. The split will not affect the company’s authorized share count or par value, though all outstanding equity awards, warrants, and convertible securities will be adjusted accordingly.

LiveOne, which operates in music streaming, podcasting, and live event distribution, noted that the reverse split is designed to keep it in compliance with Nasdaq rules while leaving its underlying business and capital structure otherwise unchanged.

At the same time, LiveOne has been trying to reframe its growth story around digital assets. The company has accumulated more than $5 million in Bitcoin as part of a new treasury strategy, with executives touting it as a long-term diversification play. It has also announced a planned slate of crypto-focused podcasts and content tokenization efforts through its PodcastOne unit. . Still, the stock’s decline into penny territory left no choice: it needed a structural fix to stay listed, and the split provides that.

That dual strategy — stabilizing its stock structure through the reverse split while pitching investors on crypto and Web3 growth — highlights both the risks and opportunities facing the entertainment platform. Staying listed on Nasdaq buys time, but convincing investors that digital assets can power meaningful expansion remains the longer-term challenge.