---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-241453"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:06:06.733927+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Veritone sells Veritone One for up to $104M; uses proceeds to repay $30.5M term loan

## Summary
- Sold Veritone One to Oxford Buyer LLC (Insignia Capital) for up to $104M; received $59.1M cash at closing.
- Up to $18M earnout possible based on 2025 net revenue targets; $1.5M adjustment escrow, $5.2M indemnity escrow.
- Used $30.5M of proceeds to repay term loan on Oct 22; remaining term loan $43.1M, cash ~$27.3M.

## SEC filing metadata
- accession: 0001193125-24-241453
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000119312524241453/0001193125-24-241453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000119312524241453/d815678d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-241453
- JSON: https://secwatch.observer/filing/0001193125-24-241453.json
- Plain text: https://secwatch.observer/filing/0001193125-24-241453.txt

## Key facts
- M&A Transactions
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312524241453/0001193125-24-241453-index.htm

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