<a href="https://laohu8.com/S/VERI">Veritone Inc.</a> Amends Credit Agreement to Adjust Liquidity Covenant and Issues 253,744 Shares to Lenders
On June 13, 2025, Veritone, Inc. announced a significant amendment to its existing Credit and Guaranty Agreement, initially established on December 13, 2023. The Second Amendment, involving Veritone and several financial entities including Wilmington Savings Fund Society, FSB, modifies specific terms of the original agreement. Key changes include adjustments to the minimum Consolidated Liquidity covenant, which is reduced to $5 million from June 13 to June 30, 2025, and subsequently increased to $10 million starting July 1 until August 31, 2025. It will further rise to $15 million beginning September 1, 2025, through maturity. Additionally, Veritone issued 253,744 shares of common stock to consenting lenders, valued at $373,005, to secure the necessary consents for the amendment. This strategic financial adjustment is aimed at enhancing Veritone's liquidity management and financial stability.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veritone Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-141479), on June 16, 2025, and is solely responsible for the information contained therein.
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