{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-294856","form_type":"8-K","ticker":"VERI","cik":"0001615165","company_name":"Veritone, Inc.","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.785755+00:00","generated_at":"2026-06-07T12:50:47.765634+00:00","sec_items":["1.01","1.02","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Veritone closes $77.5M senior secured term loan, repurchases $50M of convertible notes at discount","bullets":["Term loan of $77.5M fully drawn; interest at Term SOFR + 8.50% (3% floor), matures Dec 13, 2027.","Repurchased $50M aggregate principal of 1.75% convertible notes due 2026 for $37.5M cash plus accrued interest.","Issued warrants to lenders for up to 3,008,540 shares at $2.576/share, exercisable until Dec 12, 2028.","Prior $50M ABL credit facility terminated with no amounts outstanding and no early termination penalty.","Remaining $91.25M of convertible notes outstanding after repurchase."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-294856","json":"https://secwatch.observer/filing/0001193125-23-294856.json","markdown":"https://secwatch.observer/filing/0001193125-23-294856.md","text":"https://secwatch.observer/filing/0001193125-23-294856.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/d591056d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:50:47.765634+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7788ca9365b2040bad57a580495114c2c90b1b09","claim":"Veritone, Inc. incurred term loan of $77.5 million with Wilmington Savings Fund Society, FSB at Term SOFR plus 8.50% per annum, with a 3.00% floor for Term SOFR maturing December 13, 2027.","evidence_excerpt":"The Credit Agreement provides for a $77.5 million senior secured term loan (the “Term Loan”), which was fully drawn by the Company on the Closing Date","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$77.5 million"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Rate","value":"Term SOFR plus 8.50% per annum, with a 3.00% floor for Term SOFR"},{"label":"Maturity","value":"December 13, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"87ff3fe68af0ab0901281aa15bbcaace35310e3a","claim":"Veritone, Inc. entered into Warrants with the Lenders (effective 2023-12-13).","evidence_excerpt":"the Company issued warrants (the “Warrants”) to the Lenders (in such capacity, the “Warrant Holders”) to purchase up to 3,008,540 shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the Lenders"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"},{"claim_id":"8b4e53d22f23dc0d26bdc96a911602a705fb2d0f","claim":"Veritone, Inc. terminated Prior Credit Agreement with Alterna Capital Solutions, LLC (effective 2023-12-12).","evidence_excerpt":"the Ledgered ABL Agreement, dated August 8, 2023 (the “Prior Credit Agreement”), by and among the Company, certain of its subsidiaries and Alterna Capital Solutions, LLC, and the related Commercial Guarantee, dated August 8, 2023 were terminated","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alterna Capital Solutions, LLC"},{"label":"Effective","value":"2023-12-12"}],"fact_type":"material_agreement"},{"claim_id":"bd8e5efd0780cd4b2b894a82b9c68b4e1067b43c","claim":"Veritone, Inc. entered into Credit and Guaranty Agreement with certain funds managed by Highbridge Capital Management, LLC and certain other lenders valued at $77.5 million (effective 2023-12-13).","evidence_excerpt":"the Company and certain of its subsidiaries, as guarantors, entered into a Credit and Guaranty Agreement (the “Credit Agreement”) with the Lenders and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain funds managed by Highbridge Capital Management, LLC and certain other lenders"},{"label":"Value","value":"$77.5 million"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"},{"claim_id":"f124557546fea1b751368f93ab4558168820cc6e","claim":"Veritone, Inc. entered into Registration Rights Agreement with the Warrant Holders (effective 2023-12-13).","evidence_excerpt":"the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with the Warrant Holders, pursuant to which the Company agreed to register for resale the shares of Common Stock issuable upon the exercise of the Warrants","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000119312523294856/0001193125-23-294856-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the Warrant Holders"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}