Company locked in costly legal battle with former investor who says CEO fired employees over after threats were made LiveXLive is not returning the nearly $2 million it received from the federal government through the Paycheck Protection Program.
The company’s chief financial officer Mike Zemetra announced yesterday (June 18) that the concert streaming company planned to file for 100% forgiveness for the federal loan program meant for small businesses during the second quarter of 2021.
LiveXLive was one of 400 publicly traded companies that accepted federal funds from the program administered by the Small Business Administration.
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