Spin-off - PodcastOne, Inc.

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Form Type: 10-K

Filing Date: 2025-07-02

Corporate Action: Spin-off

Type: New

Accession Number: 000143774925022022

Filing Summary: PodcastOne, Inc. reports on its operational and financial status for the fiscal year ending March 31, 2025, after its recent spin-out from LiveOne, Inc. The company has established itself as a leading podcast platform, providing content through various popular distribution platforms. Following the spin-out on September 8, 2023, PodcastOne is now a standalone publicly traded entity on The Nasdaq under the symbol 'PODC'. The company generates significant revenue through advertising and is focused on the growth of podcasting as a high-potential market segment. For the fiscal year, PodcastOne experienced a revenue increase of 20%, amounting to $52.1 million, up from $43.3 million in the previous year. The company has plans to continue acquiring podcast-related assets to bolster growth.

Additional details:

Business Overview: PodcastOne, Inc. is a leading podcast platform and publisher with a strong presence in the podcasting industry, producing various kinds of content including vodcasts, branded podcasts, and live events.

Revenue Growth: The company's revenue for the year ending March 31, 2025 was reported at $52.1 million, reflecting a 20% increase from the previous year.

Spin Off Details: The spin-off from LiveOne was completed on September 8, 2023, marking PodcastOne's transition to a standalone company.

Market Position: PodcastOne occupies a significant position in the podcasting market, consistently ranking high among podcast publishers according to metrics provided by Podtrac.

Future Acquisition Plan: The company plans to continue acquiring assets across the podcasting sector to enhance its growth and revenue potential.

Form Type: S-3/A

Filing Date: 2025-01-03

Corporate Action: Spin-off

Type: Update

Accession Number: 000121390025000833

Filing Summary: 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.

Additional details:

State: Delaware

Employer Identification Number: 35-2503373

Principal Executive Offices: 345 North Maple Drive, Suite 295, Beverly Hills, CA 90210

Contact Phone: (310) 858-0888

Agent For Service: Kit Gray

Agent Address: 345 North Maple Drive, Suite 295, Beverly Hills, CA 90210

Agent Phone: (310) 858-0888

Securities Offered: 2,014,001 warrants to purchase up to 2,014,001 shares of common stock

Exercise Price: $3.00

Company Listing: Nasdaq

Listing Symbol: PODC

Last Reported Sale Price: $2.3288

Registration Statement Number: 333-283818

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