Courtside Group filed to register its shares with the SEC and complete a direct listing on the Nasdaq. The podcast producer and publisher is being spun out of LiveOne. Shares will be sold by existing investors and no new capital will be raised in the listing.
There was no mention of a reference price or timeline for the direct listing.
The selling stockholders, including LiveOne, intend to sell up to 6.2 million shares. LiveOne would also distribute another 1.3 million shares as a dividend to stockholders as part of the spin-off. Read more.
