LiveXLive Media (NASDAQ:LIVX) is up 7.5% in light postmarket volume after it says in a filing that it drew 2M in a loan from the government's Paycheck Protection Program.
The coronavirus-relief loan matures April 13, 2022, bearing interest at 1%/year (though the loans are forgivable by the Small Business Administration under conditions).
The company also notes it entered into an amended employment agreement with CFO Michael Zemetra to extend him through April 13, 2022, at an annual salary of $325,000.
Shares rose 20% during the regular session today. source seeking alpha