Why Are LiveOne Shares Trading Higher Premarket?

Why Are LiveOne Shares Trading Higher Premarket?
Stock photo of a tablet showing a stock price chart. Burak Kebapci/Pexels
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LiveOne Inc. entered into a binding Letter of Intent with Trader2B, an existing trading platform, to exclusively license to use and integrate Trader2b’s technology and platform in all music categories. The financial terms of the transaction remain undisclosed.

LiveOne looks to gamify its platform and user experience and exclusive option to purchase Trader2b’s business or its assets and operations within 180 days of the gamified platform’s release by LiveOne.