(RTTNews) - Veritone, Inc. (VERI), a provider of AI technology solutions, Thursday said it has agreed to sell 8.02 million shares or pre-funded warrants in lieu thereof, at $2.53 per share or $2.52 per pre-funded warrant to Esousa Group Holdings, LLC.
The company intends to use net proceeds from the offering of about $20.3 million for working capital and general corporate purposes.
The pre-funded warrants which are immediately exercisable, have an exercise price of $0.01 with a 5-year term.
The closing of the offering is expected by January 3, 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
