Livexlive Media, Inc. A.G.P
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Explanatory Note: This prospectus supplement corrects an error under the heading “Experts” relating to the identification of the independent registered public accounting firm that provided the report with respect to the consolidated financial statements of LiveXLive Media, Inc. as of March 31, 2019 and for the year then ended that was incorporated by reference in the prospectus supplement originally filed on July 26, 2019. Except as to such correction, this prospectus supplement does not amend, update or restate the information appearing in such prospectus supplement. Filed Pursuant to Rule 424(b)(5) Registration No. 333-228909 PROSPECTUS SUPPLEMENT (To Prospectus dated February 7, 2019) LIVEXLIVE MEDIA, INC. 5,000,000 Shares of Common Stock We are offering up to 5,000,000 shares of our common stock, par value $0.001 per share, which we refer to as our common stock, at a purchase price of $2.10 per share of common stock to institutional investors pursuant to this prospectus supplement and the accompanying prospectus and securities purchase agreements with such investors. Our common stock trades on The Nasdaq Capital Market under the symbol “LIVX.” On July 25, 2019, the last reported sale price of our common stock on The Nasdaq Capital Market was $2.17 per share. Investing in our securities involves a high degree of risk. Please read “Risk Factors” beginning on page S-6 of this prospectus supplement and the accompanying prospectus and in the documents incorporated by reference into this prospectus supplement. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense. We have retained A.G.P./Alliance Global Partners, or A.G.P., as our placement agent for this offering. The placement agent is not purchasing or selling any of our securities offered by this prospectus supplement, nor is it required to arrange the purchase or sale of any specific number or dollar amount of securities, but has agreed to use its reasonable best efforts to arrange for the sale of all of our securities offered hereby. There is no required minimum number of securities that must be sold as a condition to completion of the offering. We have agreed to pay the placement agent the fees set forth in the table below. Per Share Total Public Offering Price $ 2.10 $ 10,500,000 Placement Agent fees (1) $ 0.147 $ 367,500 Proceeds to us (before expenses) $ 1.953 $ 10,132,500 (1) Includes fees paid to A.G.P. A.G.P. is receiving placement agent fees with respect to 2,500,000 shares of common stock sold in this offering. See “Plan of Distribution” for additional disclosure regarding placement agent fees, financial advisor fees and estimated offering expenses. We expect that delivery of shares of the common stock being offered pursuant to this prospectus supplement and the accompanying prospectus will be made on or about July 30, 2019. A.G.P. The date of this prospectus supplement is July 25, 2019. TABLE OF CONTENTS Prospectus Supplement Page ABOUT THIS PROSPECTUS SUPPLEMENT S-ii CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS S-iii PROSPECTUS SUPPLEMENT SUMMARY S-1 THE OFFERING S-5 RISK FACTORS S-6 USE OF PROCEEDS S-8 DILUTION S-9 DESCRIPTION OF SECURITIES WE ARE OFFERING S-10 PLAN OF DISTRIBUTION S-11 LEGAL MATTERS S-13 EXPERTS S-13 WHERE YOU CAN FIND MORE INFORMATION S-13 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE S-13 Prospectus Page ABOUT THIS PROSPECTUS ii PROSPECTUS SUMMARY 1 RISK FACTORS 5 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 5 USE OF PROCEEDS 6 PLAN OF DISTRIBUTION 6 DESCRIPTION OF CAPITAL STOCK 8 DESCRIPTION OF DEBT SECURITIES 11 DESCRIPTION OF WARRANTS 14 DESCRIPTION OF RIGHTS 16 DESCRIPTION OF UNITS 18 LEGAL MATTERS 19 EXPERTS 20 WHERE YOU CAN FIND MORE INFORMATION 20 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 20 S- i ABOUT THIS PROSPECTUS SUPPLEMENT This prospectus supplement and the accompanying prospectus form part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission, or the SEC, using a “shelf” registration process. This document contains two parts. The first part consists of this prospectus supplement, which provides you with specific information about this offering. The second part, the accompanying prospectus, provides more general information, some of which may not apply to this offering. Generally, when we refer only to the “prospectus,” we are referring to both parts combined. This prospectus supplement, and the information incorporated herein by reference, may add, update or change information in the accompanying prospectus. You should read the entire prospectus supplement as well as the accompanying prospectus and the documents incorporated by reference herein that are described under the headings “Where You Can Find More Information” and “Incorporation of Certain Information by Reference.” If there is any inconsistency between the information in this prospectus supplement and the accompanying prospectus, you should rely on the information in this prospectus supplement. You should rely only on the information contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus and any free writing prospectus we may provide to you in connection with this offering. Neither we, nor the Placement Agent have authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. The information appearing in this prospectus supplement, the accompanying prospectus and any free writing prospectus we may provide to you in connection with this offering is accurate only as of the date of the respective document and any information we have incorporated by reference is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus supplement, the accompanying prospectus, any free writing prospectus we may provide to you in connection with this offering, or any sale of a security. Our business, financial condition, results of operations and prospects may have changed since those dates. You should read this prospectus supplement, the accompanying prospectus, any free writing prospectus prepared by us or on our behalf, and the documents incorporated by reference in this prospectus supplement, in their entirety before making any investment decision. We are offering to sell, and seeking offers to buy, our securities only in jurisdictions where offers and sales are permitted. The distribution of this prospectus supplement and the offering of the securities in certain jurisdictions may be restricted by law. Persons outside the United States who come into possession of this prospectus supplement must inform themselves about, and observe any restrictions relating to, the offering of the securities and the distribution of this prospectus supplement outside the United States. This prospectus supplement does not constitute, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy, any securities offered by this prospectus supplement by any person in any jurisdiction in which it is unlawful for such person to make such an offer or solicitation. The industry and market data and other statistical information contained in this prospectus supplement, the accompanying prospectus and the documents we incorporate by reference are based on management’s estimates, independent publications, government publications, reports by market research firms or other published independent sources, and, in each case, are believed by management to be reasonable estimates. Although we believe these sources are reliable, we have not independently verified the information. None of the independent industry publications used in this prospectus supplement, the accompanying prospectus or the documents we incorporate by reference were prepared on our or our affiliates’ behalf and none of the sources cited by us consented to the inclusion of any data from its reports, nor have we sought their consent. The representations, warranties and covenants made by us in any agreement that is filed as an exhibit to any document that is incorporated by reference in this prospectus supplement were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations, warranties or covenants were accurate only as of the date when made. Accordingly, such representations, warranties and covenants should not be relied on as accurately representing the current state of our affairs. S- ii In this prospectus supplement, unless otherwise stated or the context otherwise requires, the terms “LiveXLive,” “we,” “us,” “our” and the “Company” refer to LiveXLive Media, Inc. References to our “common stock” refer to the common stock of LiveXLive Media, Inc. All references in this prospectus supplement to our financial statements include, unless the context indicates otherwise, the related notes. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein or therein, contain forward-looking statements within