LiveXLive, Corp. announced today that its parent company, Loton, Corp., has publicly filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed underwritten public offering of Loton’s shares of common stock.
LiveXLive is one of the world’s only premium internet networks devoted to live music and music-related video content. The LXL platform has featured performances and content from some of the most popular artists in various music genres, including Rihanna, Radiohead, Metallica, Duran Duran, Chance The Rapper, Bruce Springsteen and Maroon 5.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. BMO Capital Markets Corp. is acting as the sole book-running manager for the proposed offering.