The timing, price, and quantity of purchases under the Program will be at the discretion of LiveXLive's management and will depend upon a variety of factors including share price, general and business market conditions, compliance with applicable laws and regulations, corporate and regulatory requirements, and alternative uses of capital. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when LiveXLive might otherwise be precluded from doing so under insider trading laws.

We remain enthusiastic about the prospects of LiveXLive and are focused on our commitment to maximize shareholder value.' Robert Ellin, LiveXLive's CEO and Chairman, commented, 'I am pleased to announce board approval for the new stock repurchase program given the current price of our stock, which we do not believe reflects the underlying value of LiveXLive.

10, 2020 /PRNewswire/ - LiveXLive Media (Nasdaq: LIVX) ('LiveXLive'), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, announced today that its board of directors (the 'Board') has authorized the repurchase up to two million shares of LiveXLive's outstanding common stock from time to time (the 'Program').

Livexlive stock news