FX.co ★ Veritone To Raise $20.3 Mln From Share Offering

Veritone, Inc. (VERI), a provider of AI technology solutions, announced on Thursday its agreement to sell 8.02 million shares or pre-funded warrants in their place, priced at $2.53 per share or $2.52 per pre-funded warrant, to Esousa Group Holdings, LLC. The company plans to utilize the net proceeds, estimated to be approximately $20.3 million, to support working capital and for general corporate purposes. The pre-funded warrants, which can be exercised immediately, carry an exercise price of $0.01 and have a term of five years. The offering is anticipated to close by January 3, 2025.