Veritone, Inc. has entered into a definitive securities purchase agreement for a registered direct offering. According to the filing dated September 30, 2026, the company agreed to issue and sell 20,000,000 shares of its common stock, par value $0.001 per share, to unnamed purchasers.
The gross proceeds from the transaction are expected to be approximately $15.0 million, before deducting offering expenses. The closing of the offering is scheduled to occur on or about October 2, 2026, subject to the satisfaction of customary closing conditions.
Veritone intends to use the net proceeds from this offering, combined with its existing cash and cash equivalents, to repay and/or restructure a portion of its convertible debt. The remaining funds will be allocated for working capital and general corporate purposes.
The offering is being conducted pursuant to an effective registration statement on Form S-3 (File No. 333-280148) that was originally filed with the SEC on June 12, 2024, and became effective on June 21, 2024. Needham & Company and A.G.P/Alliance Global Partners are serving as co-placement agents for the transaction.
