secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001193125-25-000140
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritone raises $20.3M via 4.4M shares and 3.6M pre-funded warrants in registered direct offering
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- Veritone entered agreement with Esousa Group Holdings for $20.3M gross proceeds via 4.4M shares and 3.6M pre-funded warrants at $2.53/$2.52 per unit.
- Pre-funded warrants exercisable at $0.01, immediately exercisable, 5-year term, subject to 9.99% beneficial ownership cap.
- Closing expected Jan 3, 2025; net proceeds for working capital, AI development, debt service, repayment.
- Co. also disclosed $4.5M gross from ATM program (Nov-Dec 2024) via 1.7M shares; outstanding shares as of Dec 31, 2024: 40.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000119312525000140/0001193125-25-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000119312525000140/d859534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-000140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer