TechFlow news, July 16 — According to an official announcement, LiveOne, a U.S. publicly traded company, has launched a public offering to fund its Bitcoin yield treasury strategy, issuing 11,833,334 shares of common stock at $0.75 per share, aiming to raise approximately $8.9 million (before underwriting discounts, commissions, and offering expenses).
The company plans to use the majority of the proceeds to accelerate the launch of its newly established Bitcoin yield treasury strategy initiative, with an initial investment of about $10 million. The board has approved a total investment capacity of up to $500 million to expand the company's crypto asset treasury strategy.
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