Veritone reduces minimum liquidity covenant to $5M; issues 253,744 shares to consenting lenders

Veritone, Inc.

• Minimum liquidity covenant reduced to $5M through June 30, 2025, then $10M through Aug 31, then $15M thereafter.
• Issued 253,744 shares of common stock to consenting lenders valued at $373,005 ($1.47/share).
• Stockholders approved charter amendment increasing authorized common shares from 75M to 150M.
• Stockholders approved amendment to 2023 equity plan increasing authorized shares by 2.5M shares.