secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0000950170-23-042364
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritone enters $30M accounts receivable financing facility with Alterna Capital Solutions
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- Up to $30M (potential increase to $50M) for purchase of eligible accounts receivable.
- Interest at prime plus 1% with floor of 9.5%; minimum annual interest $250,000; facility fee $450,000.
- Three-year initial term; secured by domestic receivables and other assets of sellers and guarantors.
- Certain subsidiaries guarantee obligations and grant security interest in substantially all their assets.
- Prepayment penalties may apply if agreement is terminated before the three-year term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023042364/0000950170-23-042364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023042364/veri-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042364

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