Veritone agreed to sell 20 million shares of common stock for $0.75 each in a registered direct offering, for expected gross proceeds of $15 million. Its prospectus estimates net proceeds of about $13.8 million after fees and expenses. The company said it planned to use the money, together with existing cash, to repay or restructure part of its convertible debt and for working capital and general corporate purposes. Closing was expected around October 2, 2026, subject to customary conditions; the reviewed filings do not confirm that it had closed by October 3.
What Veritone announced
Veritone said it entered into a securities purchase agreement on September 30, 2026, for the sale of 20,000,000 shares of common stock. The company described the transaction as a registered direct offering in its October 1 announcement. The shares are listed on The Nasdaq Global Market under the ticker VERI.
The transaction was made under Veritone’s effective Form S-3 registration statement, registration number 333-280148. The company’s announcement and filing describe an agreed offering, not a completed sale. The announcement said closing was expected on or about October 2, subject to customary closing conditions. The reviewed filings do not establish whether those conditions were met or the transaction closed by October 3.
Price, fees and estimated proceeds
| Offering detail | Amount | What it means |
|---|---|---|
| Shares offered | 20,000,000 | Common shares covered by the offering |
| Offering price | $0.75 per share | Price specified in the prospectus supplement |
| Expected gross proceeds | $15.0 million | Before placement-agent fees and other expenses |
| Placement-agent fees | $900,000 | Fees stated in the prospectus supplement |
| Estimated other offering expenses | Approximately $300,000 | Issuer’s estimate in the prospectus supplement |
| Estimated net proceeds | Approximately $13.8 million | Estimated amount after the listed fees and expenses; not confirmation of final cash received |
The gross proceeds follow from multiplying 20 million shares by $0.75. The prospectus supplement estimates approximately $13.8 million in net proceeds after the stated placement-agent fees and estimated expenses. The final cash received, if the offering closed, is not confirmed in the reviewed materials.
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How Veritone said it would use the proceeds
Veritone said it intended to combine the net proceeds with existing cash and cash equivalents to repay and/or restructure part of its convertible debt, and to fund working capital and general corporate purposes. That is a stated plan, not evidence that debt has already been repaid or restructured.
The prospectus says management has broad discretion over use of proceeds and that intended uses may change as plans and business conditions change. The documents do not identify a specific debt instrument or quantify what portion of proceeds would go to each purpose.
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What the dated price and dilution figures show
The prospectus supplement reported a last sale price of $1.19 on September 30, 2026. The offering price of $0.75 was below that dated market reference. The $1.19 figure is not a live quote and should not be treated as the current market price.
The prospectus also calculated immediate dilution of $1.08 per share for new investors. That figure is based on Veritone’s net tangible book value as of June 30, 2026, and the assumptions in the offering. It is a prospectus calculation tied to that balance-sheet date and transaction scenario, not a prediction of subsequent trading losses.
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Needham & Company, LLC and A.G.P./Alliance Global Partners served as placement agents for certain investors. The prospectus says the agents were not themselves purchasing or selling the offered securities and were not required to arrange a specific number of shares or dollar amount.
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Primary filings
- Veritone’s October 1, 2026 announcement, Exhibit 99.1 to Form 8-K
- Veritone Form 8-K, October 1, 2026
- Veritone prospectus supplement for 20 million common shares, filed October 1, 2026
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