Veritone, Inc. Files 8-K Report
Ticker: VERI · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1615165
| Field | Detail |
|---|---|
| Company | Veritone, Inc. (VERI) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $104.0 m, $59.1 m, $18.0 million, $20.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, 8-K
Related Tickers: VERI
TL;DR
VERI filed an 8-K, standard regulatory update, check for details.
AI Summary
On October 22, 2024, Veritone, Inc. filed an 8-K report. The filing primarily serves as a notification of events and includes financial statements and exhibits. No specific material events or financial disclosures beyond the filing itself were detailed in the provided text.
Why It Matters
This filing indicates Veritone, Inc. is adhering to regulatory reporting requirements. It may contain important updates for investors, though the specific content is not detailed here.
Risk Assessment
Risk Level: low — The filing is a routine 8-K, indicating compliance rather than a specific material event with immediate risk.
Key Players & Entities
- Veritone, Inc. (company) — Registrant
- October 22, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 001-38093 (commission_file_number) — SEC File Number
- 47-1161641 (irs_number) — IRS Employer Identification No.
- 1615 Platte Street, 2nd Floor, Denver, Colorado 80202 (address) — Principal Executive Offices
- (888) 507-1737 (phone_number) — Registrant's Telephone Number
FAQ
What specific events are being reported in this 8-K filing by Veritone, Inc.?
The provided text indicates the filing is a 'CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934' and includes 'Regulation FD Disclosure' and 'Financial Statements and Exhibits', but does not detail the specific events.
When was this 8-K filing submitted to the SEC?
The filing was submitted on October 22, 2024, as indicated by 'FILED AS OF DATE: 20241022'.
What is Veritone, Inc.'s principal executive office address?
Veritone, Inc.'s principal executive offices are located at 1615 Platte Street, 2nd Floor, Denver, Colorado 80202.
What is Veritone, Inc.'s fiscal year end?
Veritone, Inc.'s fiscal year ends on December 31 (1231).
What is the SIC code for Veritone, Inc.?
The Standard Industrial Classification (SIC) code for Veritone, Inc. is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 1,091 words · 4 min read · ~4 pages · Grade level 11.9 · Accepted 2024-10-22 08:09:58
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share VERI The Nasdaq Stock Mar
- $104.0 m — e") for a total purchase price of up to $104.0 million, subject to purchase price adjust
- $59.1 m — , the Company received cash proceeds of $59.1 million, which reflected the aggregate pu
- $18.0 million — purchase price of $104.0 million, less $18.0 million subject to an earnout, $20.3 million of
- $20.3 million — ss $18.0 million subject to an earnout, $20.3 million of working capital adjustments, $1.5 mi
- $1.5 million — million of working capital adjustments, $1.5 million placed in a specified escrow account fo
- $5.2 million — price adjustments, and an aggregate of $5.2 million placed in specified escrow accounts for
- $30.5 million — proceeds from the Divestiture to repay $30.5 million principal amount of its outstanding ter
- $3.3 million — yment premium in an aggregate amount of $3.3 million (collectively, the "Term Loan Repayment
- $43.1 million — ving effect to the Term Loan Repayment, $43.1 million aggregate principal amount will remain
- $27.3 million — and the Company will have approximately $27.3 million of cash and cash equivalents. Press R
Filing Documents
- d823363d8k.htm (8-K) — 29KB
- d823363dex991.htm (EX-99.1) — 11KB
- 0001193125-24-240756.txt ( ) — 165KB
- veri-20241022.xsd (EX-101.SCH) — 3KB
- veri-20241022_lab.xml (EX-101.LAB) — 18KB
- veri-20241022_pre.xml (EX-101.PRE) — 11KB
- d823363d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release of Veritone, Inc. dated October 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Note Regarding Forward-Looking Statements $18.0 million in cash proceeds based on earnout provisions under the Agreement, and the number of employees of the Company after giving effect to the Divestiture, may constitute forward-looking statements. Forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements speak only as of the date they are made and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to update any forward-looking statement. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on estimates and assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the forward-looking statements for a number of reasons, including those identified in the risk factors included in the Company's filings with the Securities and Exchange Commission, including without limitation, in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, the Company's Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2024 and June 30, 202
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Veritone, Inc. Date: October 22, 2024 By: /s/ Michael L. Zemetra Michael L. Zemetra Executive Vice President, Chief Financial Officer and Treasurer