LiveOne regains compliance with Nasdaq listing requirements

LiveOne (NASDAQ: LVO) announced that its common stock has regained compliance with Nasdaq Listing Rule 5550(a)(2) after maintaining the required minimum bid price for the prescribed number of consecutive business days.

The Los Angeles-based music, entertainment, and technology platform had been in a period of non-compliance with the exchange's minimum bid price requirement. The company stated that regaining compliance demonstrates its financial and operational stability.

"Regaining Nasdaq compliance is an important milestone for LiveOne and underscores our commitment to delivering value to our shareholders," said Robert Ellin, Chairman and CEO of LiveOne.

LiveOne continues to execute its share buyback program, with $5.5 million remaining available for repurchases. The company indicated that the compliance milestone positions it to attract institutional investors.

LiveOne operates as a creator-first platform focused on delivering music and entertainment content through memberships and live events. The company's subsidiaries include Slacker, PodcastOne (NASDAQ: PODC), PPVOne, and several other digital entertainment properties.

The announcement was made in a press release statement from the company.

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