Veritone, Inc. has entered into a securities purchase agreement to sell 20 million shares of its common stock in a registered direct offering. The company expects to raise gross proceeds of approximately $15.0 million from the sale.
Key Details
- Offering Terms: The agreement, dated September 30, 2026, covers the issuance and sale of 20,000,000 shares of common stock for $15.0 million in gross proceeds.
- Use of Proceeds: Net proceeds will be used to repay and/or restructure a portion of its convertible debt, as well as for working capital and general corporate purposes.
- Timeline: The offering is expected to close on or about October 2, 2026, subject to customary closing conditions.