---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-240756"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:40:06.497953+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Veritone divests media agency Veritone One for up to $104M, repays term loan

## Summary
- Up to $104M total consideration; $59.1M cash received at close after adjustments and escrows.
- Net proceeds used to repay $30.5M of term loan; remaining term debt $43.1M and cash ~$27.3M.
- Potential earnout of up to $18M based on Veritone One's net revenue in 2025.
- After divestiture, Veritone retains ~500 employees and >3,000 enterprise AI customers.
- Company sharpens focus on enterprise AI software and aiWARE platform; CEO calls it transformative.

## SEC filing metadata
- accession: 0001193125-24-240756
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000119312524240756/0001193125-24-240756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000119312524240756/d823363d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-240756
- JSON: https://secwatch.observer/filing/0001193125-24-240756.json
- Plain text: https://secwatch.observer/filing/0001193125-24-240756.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.