LiveXLive Media Announces Pricing Of Public Offering

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LiveXLive Media, Inc. (OTC: LIVX) (“LiveXLive”), one of the only premium networks devoted to live music and music-related video content, announced today the pricing of an underwritten public offering of shares of its common stock. In the offering, LiveXLive is selling 5,000,000 shares of its common stock at a public offering price of $4.00 per share, before underwriting discounts. The offering is expected to close on December 27, 2017, subject to customary closing conditions. In addition, to the extent that the underwriter sells more than 5,000,000 shares of common stock, LiveXLive has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of its common stock at the public offering price less underwriting discounts and commissions.

LiveXLive intends to use the net proceeds of the offering to fund working capital, capital expenditures, the acquisition of Slacker, Inc., and other general corporate purposes, which may include future acquisitions of businesses and content.

JMP Securities LLC is acting as the sole book-running manager for the offering.

A Registration Statement on Form S-1, as amended, relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on December 21, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 jurisdiction.

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from the representative of the underwriters: JMP Securities LLC at (415) 835-8985 or via email at syndicate@jmpsecurities.com.

About LiveXLive Media, Inc.

LiveXLive Media, Inc. (“LiveXLive Media”) is home to premier video and audio media brands and technology assets that create a social media ecosystem for music, including the LiveXLive platform (“LiveXLive”). LiveXLive is one of the world’s only premium streaming services devoted to live music and music-related video content, delivering live streamed and premium, on demand original content to nearly any internet-connected screen. Since its launch in 2015, LiveXLive has streamed performances from more than 200 of the world’s most popular artists from some of music’s most popular festivals, including Rock In Rio (Rio de Janeiro and Lisbon), Outside Lands Music and Arts Festival, Paleo Festival Nyon, Hangout Music Festival and Summerfest. LiveXLive Media is headquartered in Beverly Hills, CA.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are “forward-looking statements.” 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. These factors include uncertainties as to the consummation of the public offering and the proposed acquisition of Slacker, identifying, acquiring, securing and developing content, ability to attract and retain users, successfully implementing LiveXLive Media’s growth strategy, including relating to its technology platforms and applications, management’s relationships with industry stakeholders, changes in economic conditions, competition, and other risks including, but not limited to, those described in LiveXLive Media’s Registration Statement on Form S-1, as amended, and its other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and LiveXLive disclaims any obligations to update these statements except as may be required by law.

SOURCE LiveXLive Media, Inc.

Related Links

http://www.livexlive.com