Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Veritone, Inc. completed a disposition involving Oxford Buyer, LLC, an affiliate of Insignia Capital Group L.P. for up to $104.0 million (closed 2024-10-17).
- Action
- disposition
- Counterparty
- Oxford Buyer, LLC, an affiliate of Insignia Capital Group L.P.
- Consideration
- up to $104.0 million
- Closing
- 2024-10-17
Exact text from the filing
As previously reported, on October 17, 2024 (the “Closing Date”), Veritone, Inc. (the “Company”) entered into an Equity Purchase Agreement (the “Agreement”), by and among the Company, Veritone One, LLC, a wholly-owned subsidiary of the Company (“Veritone One”), and Oxford Buyer, LLC (“Purchaser”), an affiliate of Insignia Capital Group L.P., pursuant to which, among other things, Purchaser acquired from the Company all of the issued and outstanding equity of Veritone One (such transaction, the “Divestiture”) for a total purchase price of up to $104.0 million, subject to purchase price adjustments and the achievement of certain earnout targets as described herein.
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