Shares of LiveOne were trading higher Monday after the company its Courtside Group subsidiary, which does business as PodcastOne, has been approved for listing on the Nasdaq.
At 1:29 p.m. ET, the company’s stock had risen 11.9% to trade at $1.89.
LiveOne filed to spin off PodcastOne in January. At the time, LiveOne said its subsidiary had almost 300 podcasts/vodcasts and had garnered more than 2.831 billion downloads.
In April, LiveOne said it expected to list PodcastOne at between $8 and $12 a share.
Shares will trade under the symbol PODC.
LiveOne senior management will host a conference call and webcast on Aug. 17 at 1:30 p.m. ET to provide business developments and details, the company said.