Veritone prices registered direct offering of 20 million shares for $15 million
VERI•Veritone agreed to sell 20 million common shares in a registered direct offering expected to generate about $15 million in gross proceeds. The closing is targeted for about Oct. 2, 2026, with net proceeds intended partly for its 1.75% convertible senior notes due November 2026.
1. Offering details
Veritone entered a definitive agreement to sell 20 million common shares in a registered direct offering, with gross proceeds expected to be about $15 million. The closing is targeted for about Oct. 2, 2026, subject to customary conditions. Net proceeds are earmarked to repay or restructure part of its 1.75% convertible senior notes due November 2026; remaining funds are intended for working capital and general corporate purposes. Needham and A.G.P./Alliance Global Partners were named co-placement agents for certain investors.
