Corporate ActionMay 21, 2026, 05:31 PM
Veritone to Offer Up to $50M in Common Stock via ATM Offering
AI Summary
Veritone, Inc. entered into a sales agreement with UBS Securities LLC, Needham & Company, LLC, and Craig-Hallum Capital Group LLC to offer and sell up to $50.0 million of its common stock through an "at-the-market" equity offering. The sales will be made under the company's effective Form S-3 registration statement and a related prospectus supplement. Sales agents will receive up to 3.0% of the gross sales price, and the company is not obligated to sell any shares.
Key Highlights
- Veritone entered into a sales agreement for an "at-the-market" equity offering.
- The company may offer and sell up to $50.0 million of its common stock.
- Sales agents include UBS Securities LLC, Needham & Company, LLC, and Craig-Hallum Capital Group LLC.
- Sales agents will receive compensation of up to 3.0% of the gross sales price.
- The offering is pursuant to an effective Form S-3 registration statement and a May 21, 2026 prospectus supplement.
- Veritone is not obligated to sell any shares under the agreement.
Price Impact
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