LiveOne, Inc.

LiveOne, Inc. (the “Company”) has not completely finalized its financial statements for the period ended March 31, 2025, and the Company’s certifying auditors require additional time to complete their audit of the financial statements to be included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025 (the “Form 10-K”). Accordingly, the Company cannot complete and file the Form 10-K by the due date of June 30, 2025 and needs additional time to finalize its audited financial statements and complete such audit process, but expects the audit of the financial statements to be completed and the Form 10-K to be filed as soon as possible, on or prior to the fifteenth (15 th ) calendar day following the prescribed due date

LiveOne, Inc. (the “Company”) is unable to file with the U.S. Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense as the Company needs additional time to complete certain financial disclosures and analyses to be included in the Form 10-Q. The Company expects to file the Form 10-Q with the SEC as soon as possible, but no later than November 20, 2023, the fifth calendar day following the prescribed due date of the Form 10-Q

LiveOne, Inc. (the “Company”) is unable to file with the U.S. Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense as the Company needs additional time to complete certain financial disclosures and analyses to be included in the Form 10-Q. The Company expects to file the Form 10-Q with the SEC as soon as possible, but no later than August 21, 2023, the fifth calendar day following the prescribed due date of the Form 10-Q

LiveOne, Inc. (the “Company”) is unable to file with the U.S. Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense as the Company needs additional time to complete certain financial disclosures and analyses to be included in the Form 10-Q. The Company also requires additional time to finalize its consolidated financial statements and the notes thereto. The Company expects to file the Form 10-Q with the SEC as soon as possible, but no later than November 21, 2022, the fifth calendar day following the prescribed due date of the Form 10-Q

LiveXLive Media, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2021 (the “Form 10-K”) within the prescribed time period without unreasonable effort or expense as a result of the Company completing the accounting of its acquisition of Customized Personalization Solutions, which was acquired in December 2020 and has resulted in a delay of the filing of the Form 10-K. The Company is continuing to finalize the Form 10-K and completing its financial statements to be included therein. The Company does not expect its financial results to be included in the Form 10-K, when filed, to reflect any material changes from those included in the Company’s press release issued on June 28, 2021, which announced the preliminary results for the quarter and fiscal year ended March 31, 2021. The Company expects to file the Form 10-K as soon as possible, but no later than July 14, 2021, the fifteenth calendar day following the prescribed due date of the Form 10-K. The Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting; specifically, controls over material non-recurring transactions, such as complex financial instruments, business combinations, and classification of liabilities, transaction-level controls over a newly acquired business, and financial reporting and related disclosures. Therefore, the Company’s internal control over financial reporting as of March 31, 2021 was not effective. Management expects to recommend to the audit committee of the Company’s various measures intended to remediate and improve the Company’s internal control over financial reporting