“Market conditions for micro-cap stocks, for stocks under $1 billion, are just decimated this year as a whole,” says LiveOne CEO Robert Ellin.
The streaming service must overcome numerous obstacles to complete its SPAC deal -- and even if it closes, it likely faces a tough road ahead.
After the SPAC market collapsed, Alliance's merger with Adara Acquisition Corp. failed to draw the level of new funding the company had counted on.
