Company: PodcastOne, Inc.

Form Type: S-3/A

Filing Date: 2025-01-03

Corporate Action: Spin-off

Type: Update

Accession Number: 000121390025000833

Comments: PodcastOne, Inc. has filed Amendment No. 1 to its Form S-3 registration statement with the SEC on January 3, 2025, in connection with a public offering of up to 2,014,001 warrants to purchase shares of its common stock. The warrants are exercisable at a price of $3.00 per share and were issued in a private placement on July 15, 2022. The securities, which include the warrants and underlying shares of common stock, are being registered for resale by the selling stockholders. Following their spin-out from LiveOne on September 8, 2023, PodcastOne has positioned itself as a standalone company trading on the Nasdaq under the symbol 'PODC'. As a smaller reporting and emerging growth company, PodcastOne has incurred significant operating losses but aims to mitigate risks through strategic asset acquisitions and continued growth in the podcast market, which has shown a 25% year-over-year revenue increase. The company's operational focus is on expanding its podcast distribution network, enhancing advertiser solutions, and serving a wide range of content to attract audiences.

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