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Business Insider
17 hours ago
- Business
- Business Insider
LiveOne offers to sell common stock, no amount given
Lucid Capital Markets is acting as the sole book-running manager for the offering. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
a day ago
- Business
- Yahoo
LiveOne (Nasdaq: LVO) Announces Proposed Public Offering of Common Stock
LOS ANGELES, July 15, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Lucid Capital Markets is acting as the sole book-running manager for the offering. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-284916) filed with the U.S. Securities and Exchange Commission (the 'SEC') on February 13, 2025, and declared effective by the SEC on February 26, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit and follow us on Facebook, Instagram, TikTok, YouTube and X at @liveone. For more investor information, please visit Forward-Looking Statements All statements other than statements of historical facts contained in this press release are 'forward-looking statements,' which may often, but not always, be identified by the use of such words as 'may,' 'might,' 'will,' 'will likely result,' 'would,' 'should,' 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'expect,' 'anticipate,' 'could,' 'believe,' 'seek,' 'continue,' 'contemplate,' 'predict,' 'potential,' 'target' or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing (including the public offering announced in this press release), acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event (including the public offering announced in this press release) would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveOne Press Contact press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
GameSquare Holdings, Inc. Announces Proposed Public Offering of Common Stock
FRISCO, TX / / July 7, 2025 / GameSquare Holdings, Inc. (Nasdaq:GAME) (the "Company" or "GameSquare") a next-generation media company with roots in gaming and creator entertainment, today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Lucid Capital Markets is acting as the sole book-running manager for the offering. The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission ("SEC") on March 4, 2025, and declared effective by the SEC on June 4, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About GameSquare Holdings, Inc. GameSquare's mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Our next generation media, entertainment, and technology capabilities drive compelling outcomes for creators and maximize our brand partners' return on investment. Through our purpose-built platform, we provide award winning marketing and creative services, offer leading data and analytics solutions, and world-class production through our GameSquare Experiences teams. With one of the largest gaming media networks in North America, as verified by Comscore, we are reshaping the landscape of digital media and immersive entertainment. Forward-Looking Statements: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. GameSquare Corporate Contact Lou Schwartz, PresidentPhone: (216) 464-6400Email: ir@ GameSquare Investor Relations Andrew BergerPhone: (216) 464-6400Email: ir@ GameSquare Media Relations Chelsey Northern / The UntoldPhone: (254) 855-4028Email: pr@ SOURCE: GameSquare Holdings, Inc. View the original press release on ACCESS Newswire Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
20-05-2025
- Business
- Yahoo
Q4 2025 Oxford Lane Capital Corp Earnings Call
Jonathan Cohen; Chief Executive Officer, Director; Oxford Lane Capital Corp Bruce Rubin; Chief Financial Officer, Chief Accounting Officer, Treasurer, Corporate Secretary; Oxford Lane Capital Corp Joe Kupka; Managing DIrector; Oxford Lane Capital Corp Deja Sakon Justin Marca; Analyst; Lucid Capital Markets Operator Good morning, and thank you all for attending the Oxford Lane Capital Corp. announces net asset value and selected financial results for the fourth fiscal quarter. My name is Breca, and I will be your moderator for today. (Operator Instructions)I would now like to pass the conference over to your host, Jonathan Cohen, CEO at Oxford Lane Capital Corp. Thank you. You may proceed, Jonathan. Jonathan Cohen Thank you. Good morning, everyone, and welcome to the Oxford Lane Capital Corp. fourth fiscal quarter 2025 earnings conference call. I'm joined today by Saul Rosenthal, our President; Bruce Rubin, our CFO; and Joe Kupka, our Managing could you open the call with a disclosure regarding forward-looking statements? Bruce Rubin Sure, Jonathan. Today's conference call is being recorded. An audio replay of the call will be available for 30 days. Replay information is included in our press release that was issued earlier this morning. Please note that this call is the property of Oxford Lane Capital Corp. Any unauthorized rebroadcast of this call in any form is strictly this point, please direct your attention to the customary disclosure in this morning's press release regarding forward-looking information. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, future events and financial ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from those indicated in these projections. We do not undertake to update our forward-looking statements unless required to do so by law. During this call, we will use terms defined by -- in the earnings release and also referred to non-GAAP measures. For definitions and reconciliations to GAAP, please refer to our earnings release provided on our website at that, I'll turn the presentation back over to Jonathan. Jonathan Cohen Thank you, Bruce. On March 31, 2025, our net asset value per share stood at $4.32 compared to a net asset value per share of $4.82 as of the previous quarter. For the quarter ended March, we recorded GAAP total investment income of approximately $121.2 million, representing an increase of approximately $6.7 million from the prior the quarter ending March, we recorded -- excuse me, the quarter's GAAP total investment income consisted of approximately $115.3 million from our CLO equity and CLO warehouse investments and approximately $5.9 million from our CLO debt investments and from other income. Oxford Lane recorded GAAP net investment income of approximately $75.4 million or $0.18 per share for the quarter ended March compared to approximately $72.4 million or $0.20 per share for the quarter ended December core net investment income was approximately $95.8 million or $0.23 per share for the quarter ended March compared with approximately $99.9 million or $0.28 per share for the quarter ended December 31. As of March 31, we held approximately $639.1 million in newly issued or newly acquired CLO equity investments that had not yet made initial equity distributions to Oxford Lane Capital the quarter ended March, we recorded net unrealized depreciation on investments of approximately $187.7 million and net realized losses of approximately $8.5 million. We had a net decrease in net assets resulting from operations of approximately $120.8 million or $0.28 per share for the fourth fiscal quarter. As of March 31, the following metrics applied. We note that none of these metrics necessarily represented a total return to weighted average yield of our CLO debt investments at current cost was 15.9%, down from 16.6% as of December 31. The weighted average effective yield of our CLO equity investments at current cost was 15.9%, down from 16.1% as of December 31. The weighted average cash distribution yield of our CLO equity investments at current cost was 20.5%, which was down from 23.9% as of December 31. We note that the cash distribution yields calculated on our CLO equity investments are based on the cash distributions we received or which we were entitled to receive at each respective period the quarter ended March, we issued a total of approximately 60.7 million shares of our common stock pursuant to an aftermarket offering resulting in net proceeds of approximately $300.5 million. During the quarter ended March, we made additional CLO investments of approximately $526.2 million and we received approximately $136 million from sales and from repayments. As previously announced, on March 26, our Board of Directors declared monthly common stock distributions of $0.09 per share for each of the months ending July, August, and September of as previously announced on May 16, we were awarded Best Public Closed-End CLO fund by the periodical Creditflux at their London Conference. With that, I'll turn the call over to our Managing Director, Joe Kupka. Joe Kupka Thanks, Jonathan. During the quarter ended March 31, 2025, US loan market performance weakened versus the prior quarter. US loan price index decreased from 97.33% as of December 31, 2024, to 96.31% as of March decrease in US loan prices led to an approximate 12-point decrease in median US CLO equity net asset values. Additionally, due to elevated levels of repricing activity, we observed median weighted average spreads across loan pools within CLO portfolios decreased to 330 basis points compared to 334 basis points last 12-month trailing default rate for the loan index declined to 0.8% by principal amount at the end of the quarter from 0.9% at the end of December 2024. We note that out-of-court restructurings, exchanges, and subpar buybacks, which are not captured in the cited default rate remain elevated. CLO new issuance for the quarter totaled approximately $49 billion, reflecting a nearly $11 billion decline from the previous quarter, though issuance volume kept pace with the first quarter of 2024, a record-breaking the US CLO market saw over $100 billion in reset and refinancing activity in Q1 '25 consistent with levels seen in the prior quarter. Oxford Lane remained active this quarter, investing over $520 million in CLO equity debt and warehouses, while participating in opportunistics, resets, and refinancings. As a function of our overall activity during the quarter, we were able to lengthen the weighted average reinvestment period of Oxford Lane CLO equity portfolio from February 2028 to November primary investment strategy during the quarter was to engage in relative value trading and seek to lengthen the weighted average reinvestment period of Oxford Lane CLO equity portfolio. In the current market environment, we intend to continue to utilize our opportunistic and unconstrained CLO investment strategy across US CLO equity debt and warehouses as we look to maximize our long-term total return, and as a permanent capital vehicle, we have historically been able to take a longer-term view towards our investment that, I'll turn the call back over to Jonathan. Jonathan Cohen Thanks very much, Joe. With that, operator, we're happy to open the call for any questions. Operator (Operator Instructions) We have a question from [Deija Sakon] with (inaudible) Private Investor. Deja Sakon Think about the share repurchase program, have you purchased any shares yet under that? Jonathan Cohen We haven't disclosed that information. Operator Erik Zwick, Lucid Capital Markets. Justin Marca This is Justin on for Erik today. So I was wondering if you guys could talk about pricing dynamics in the current quarter, understanding that yields were down in the quarter ended in March and maybe what you're expecting to see for this year. Jonathan Cohen Joe? Joe Kupka Yeah. Are you referring to CLO equity trading levels in particular or the liability market, anything in particular you're looking up to go over? Justin Marca I guess kind of just at a high level, where you guys are expecting yields to go for the investment portfolio. Jonathan Cohen Sure. We don't have a specific target, Justin, or projection in terms of anticipated yields. What we can say is that between the end of calendar 2024 and March 31, we saw a dramatic diminishment in CLO tranche pricing, significant illiquidity in the marketplace. And a general level of stress accompanying the levels of stress that we saw in public and private equity markets, the US syndicated corporate loan market, the public corporate bond market, all of those things were fairly tightly correlated during that period of economic we move forward to the end of April, we obviously saw that get worse. And then rebound very, very substantially between April 30 and May 16, last Friday. So as you know, we've obviously seen a fair amount of volatility across this and most other asset classes. But in terms of a specific point estimate of where we anticipate yields to reside for the remainder of this calendar year, we have none. Justin Marca Okay. All right. That's great. And then maybe if you guys could talk about the relative attractiveness in the primary versus secondary markets and kind of how the investment portfolio is positioned in terms of cyclicality in the companies that are invested in? Joe Kupka Yeah. So I think the answer to those questions kind of are linked. We're constantly reevaluating the relative attractiveness of the primary and the secondary. AAAs in particular, are still undergoing some price discovery. So that's a calculation we're reassessing every day. We're still seeing attractive opportunities in both the primary and depending on the particular offers or structures that we were able to create in the primary, we're active in both markets. In terms of the cyclicality part of the question, one thing we are focused on is just lengthening that reinvestment period as much as possible just to lessen that part of the risk spectrum. So that's one way we think of it, just lengthening the runway for our managers, allowing them to work out of any problems that arise. Jonathan Cohen Sure. And in addition to what Joe just referenced, Justin, there's also the economic issue associated with holding long-dated CLO equity during periods of economic and financial dislocation, which we think has historically provided us with strong economic returns. Justin Marca Great. Okay. Thank you. That helps. And then just last one for me on sort of your strategy. Curious how you guys differentiate yourselves from peers. Any sort of qualitative or quantitative examples on your strategy and how you guys relate to any other peers would be helpful. Jonathan Cohen Sure. Obviously, we don't track our peers with the precision that we track our own performance and we monitor our own portfolios. I think historically, Justin, we've differentiated ourselves in a couple of ways. Firstly, as you know, we run a completely unconstrained CLO investment strategy, meaning that we can look at long-dated CLO equity, short-dated CLO equity, primary tranches, secondary tranches, we warehouse, obviously, a fair amount. We are one of the largest market participants in both the primary and secondary markets and also, we rotate the portfolio again, I can't speak to the investment strategies of other firms, but we view this asset class as particularly appropriate for an active portfolio management strategy, which is very much what we engage in. Justin Marca Great. That's helpful. Thanks for taking my questions today. That's all for me. Operator (Operator Instructions) I can see that we have no further questions. So I would like to hand it back to Jonathan for some final closing comments. Jonathan Cohen Well, I'd like to thank everyone for their interest in Oxford Lane Capital and for their participation on this call or listening to the replay. And we look forward to speaking to you again soon. Thanks very much. Operator Thank you all for joining the Oxford Lane Capital Corp. call today. At this time, today's call has concluded. You may now disconnect, and thank you for your participation. Sign in to access your portfolio
