LiveOne Plans to Raise $8.90 Million Through Share Placement to Launch Bitcoin Yield-Generating Treasury Strategy

Nasdaq-listed LiveOne announced its intention to raise $8.90 million by issuing 11,833,334 shares of common stock through an underwritten public offering (IPO). The company plans to use the majority of the proceeds to accelerate the launch of its newly established Bitcoin yield-generating fund strategy project. (Globenewswire) [Odaily Planet Daily News]