PodcastOne Common Stock Expected To Commence Trading On A National Securities Exchange On Or Around September 8, 2023
Portfolio Pulse from Benzinga Newsdesk
PodcastOne's common stock is expected to start trading on a national securities exchange around September 8, 2023. LiveOne has set a record date of August 28, 2023, for a special dividend of approximately 19% of PodcastOne's common stock to LiveOne's 24K+ shareholders. LiveOne shareholders are expected to receive approximately 0.048 shares of PodcastOne common stock per share of LiveOne common stock. PodcastOne shares are expected to open trading at $8 per share minimum.
August 21, 2023 | 12:47 pm
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LiveOne shareholders are set to receive a special dividend of approximately 19% of PodcastOne's common stock. This could potentially increase the value of LiveOne shares.
The distribution of PodcastOne's common stock as a special dividend to LiveOne shareholders could increase the value of LiveOne shares as shareholders will now own a portion of another company. This could potentially lead to a short-term increase in LiveOne's stock price.
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