Veritone, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Veritone, Inc. on November 22, 2017, reporting events that occurred on November 21, 2017. The company is incorporated in Delaware and maintains its principal executive offices in Costa Mesa, California.
Key Financial Metrics
The filing details a specific capital raising event rather than periodic financial performance metrics. The company closed an underwritten public offering of 975,000 shares of common stock at a public offering price of $23.00 per share. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions.
Material Changes
The primary material change reported is the increase in outstanding common stock and the influx of capital resulting from the closing of the public offering on November 21, 2017.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, risk factors, or contingencies beyond the announcement of the offering closing. No unusual items were disclosed in this specific report.
Key Facts for Investor Verification
- Confirmation of the closing of 975,000 shares at $23.00 per share.
- Total gross proceeds generated from the offering (calculated as 975,000 shares multiplied by $23.00).
- Impact of the new share issuance on existing shareholder dilution.
- Use of proceeds as detailed in the attached press release (Exhibit 99.1).