BEVERLY HILLS, Calif., May 12, 2017 /PRNewswire/ -- LiveXLive, Corp. announced today that its parent company, Loton, Corp. (OTC: LIVX) ("Loton"), has publicly filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed underwritten public offering of Loton's shares of common stock. 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.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from BMO Capital Markets Corp., 3 Times Square, New York, NY 10036, Attention: Equity Syndicate Department, Telephone: (800) 414-3627, email: email@example.com.
A Registration Statement on Form S-1 relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time such registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Loton, Corp. and LiveXLive, Corp.
LiveXLive, Corp. ("LXL"), a wholly owned subsidiary of Loton, Corp. ("Loton"), is one of the world's only premium internet networks devoted to live music and music-related video content. Since LXL's launch in 2015, LXL has been building an online destination for music fans to enjoy premium live performances from music venues and leading music festivals around the world, such as Rock in Rio and Outside Lands Music and Arts Festival, as well as premium original content, artist exclusives and industry interviews. The LXL platform has featured performances and content from some of the most popular artists in various music genres, including Rihanna, Katy Perry, Radiohead, Metallica, Duran Duran, Chance The Rapper, Bruce Springsteen, Major Lazer and Maroon 5.
Forward Looking Statement
All statements other than statements of historical facts contained in this press release are "forward-looking statements," including, among others, statements relating to the offering. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include uncertainties as to identifying, acquiring, securing and developing content, ability to attract and retain users, successfully implementing the company's growth strategy, including relating to its technology platform, management's relationships with industry stakeholders, changes in economic conditions, competition, and other risks including those described from time to time in Loton's filings with the SEC. These forward-looking statements speak only as of the date hereof and Loton and LXL disclaim any obligations to update these statements except as may be required by law.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/livexlives-parent-company-loton-corp-files-registration-statement-for-proposed-public-offering-300456705.html
SOURCE LiveXLive, Corp.