<img src="https://ml.globenewswire.com/Resource/Download/cc4dd733-0525-4e27-9a1f-8130762da9c5?size=2" nborder="0" align="left" hspace="5" vspace="5" title="P1 Logo_On WhiteNEW (1).png" alt="PodcastOne"/><ul><li>Proceeds to support podcast and podcast network acquisitions, expand LVO’s TV Network and Celebrity Brands division, and accelerate AI initiatives across 250,000+ hours of audio and video content</li><li>LVO and its bankers are actively evaluating strategic alternatives, including potential consolidation of PodcastOne and additional M&amp;A opportunities</li><li style="margin-bottom:6pt;">LVO currently owns ~20.5M shares of PODC common stock </li></ul> LOS ANGELES, May 12, 2026 (GLOBE NEWSWIRE) -- LiveOne, Inc. (Nasdaq: LVO) today announced that its subsidiary, PodcastOne, Inc. (Nasdaq: PODC), has received approximately $5.5 million in cash proceeds from the exercise of warrants of PodcastOne common stock at $3 per share. “Receiving this additional capital meaningfully strengthens our balance sheet and positions us to aggressively pursue strategic growth opportunities across podcasting, television, celebrity brands and AI,” said Robert Ellin, Chairman and CEO of LiveOne. “We believe the combination of our content library, distribution platform and AI capabilities creates a significant opportunity to drive long-term shareholder value.” About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: <a href="https://www.globenewswire.com/Tracker?data=ZMYuOEzlF-P-imKTsY-WDcBZ9gYxZUUYhgsGBn0KBFEyKTlCAtrH6yjRrFaNrUm9orLqtJqxSzoFMUXbQ94ocVqYM46doze2idXgTvdaSMD_dM0FNn3mdETNvLnoffnrf6e6qC4z30VDyHOELpOruyrRO8OTW5tqBWFBSHezevD7TQ4HZ_jo670yhX0UVMrt4If7eLGek5BpYJSpLiYsNYcfYaoGGwLIO7XLEbwhOsFE3kA0TT7dx-RoqmrEeihgxv8yC6Plsrs-u_7nr6J0BDPr_Grc4xJGWNtnuG-PKosB5uyjIRbYn4n-gfPLBFkWnQy_wx9L5jYgZxTJXbBNtk1E9LikjBTNgWZFdVnezWr7jWALVzBfGMPS9VYZq9oaKYDzz6KHUPZJIfpDWGssz223bsibQyFXzZHNwWm7Ts_oOwWHJrBDCmMexF280MY5gG3xgxIr3Q-ZVvDLQKu86xEV8gm4Yc5gL8qbLpilBuE=" rel="nofollow" target="_blank" title="LVO">LVO</a>) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: <a href="https://www.globenewswire.com/Tracker?data=-e4jLyW84TUiQapTUpy0FS_4nHgmLeTc4M8nar1jQd3VKvAMNVOkHVRpF9lXwdQpngaEu1Gh5RUYrJDbXCa2hz979G6ndIOx8F3y40va4beY-FL4MsXwFdJISJ9q7nsh2B3emXR_17L79usIlE1FBSLO0wM63iKfi1PP8Q0kFwzITcskHsYpT6nXEmK83GFpu9TN_dQ1zSvixgHWnORsaplpt9wwQr0I_N2qgns6qZCU3L8ikXZwVC4Eind4Su4Da4g0palGgCr1Pk4UE7moQyjpk83U1Em752wj4m1VQNAEtVM8oeNE-86rS_38aETkMQa4jFJtAbWNbeV1oNQK6g5zy4xtbfTT_c7IjMS6YFdb49qXhBikU-zH-PHQKk32Dk6h9p3sAlv565XNL_fY5aHEJaX71KzjY2NUhV1R6CE=" rel="nofollow" target="_blank" title="PODC">PODC</a>), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. 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About PodcastOne <a href="https://www.globenewswire.com/Tracker?data=ghdq_FkytQv-sqZlqYMSzx-pAeNrpQ8lfquvnijmdg9mxmXVcZgjEK5TNK2JVYKSsG33d7EYsufD5OSCb5AMdn20zAhgJiXShH6mb59kc1RiEDRlAFDcBp-8BfZk2m-eZ5WYz0YFGvr1mmcGwvgS9YkuBWe0VZDy1-T37S3zRBKWAwgV4jOoEjO90v4ZFE25cgvz-l1FW--2EVTTdCOIlpQSovveg85GshHN5hkAUOo=" rel="nofollow" target="_blank" title="PodcastOne">PodcastOne</a> (Nasdaq: PODC) is a leading podcast platform that provides creators and advertisers with a comprehensive 360-degree solution in sales, marketing, public relations, production, and distribution. PodcastOne has surpassed 3.9 billion total downloads with a community of 200 top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&amp;E's Cold Case Files, and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion monthly impressions across all channels, including YouTube, Spotify, Apple Podcasts, and iHeartRadio. PodcastOne is also the parent company of <a href="https://www.globenewswire.com/Tracker?data=ghdq_FkytQv-sqZlqYMSzy7vspjY5H3ogSkrRNGE0vcBDwY4FnOh5W1-jrFYp0N4VnYOcBglPRGNWxL4jbhu0PpuX-FWtwIRq6EoSg4NjM1xCAijjXCea0AvPSpWGn7q8DrGzimmI_EyZ2_6FfuvSmUNmCuVLLRBw0ZWFOxs3DjPoMLWQ0u4IMNknDDF9y_UFXZACtPyYMfuyLX9d6dxbwlm8FRXwui0z1XuE850gUubHLbf58xlHWKCtzngGlMGu2-ivC-vi-Acu9033LeP5g==" rel="nofollow" target="_blank" title="PodcastOne Pro">PodcastOne Pro</a> which offers fully customizable production packages for brands, professionals, or hobbyists. 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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, 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 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 stockholder 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 ability to implement its announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; 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; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to digital assets and digital asset markets; 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, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 15, 2025, Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, filed with the SEC on February 13, 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. 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