[D] Veritone, Inc. SEC Filing

Rhea-AI Filing Summary

Veritone, Inc. (VERI) filed a Form D on 9 July 2025 disclosing a completed private placement of $1 million in equity securities under Rule 506(b) of Regulation D. The notice indicates:

• Total offering amount: $1,000,000 USD; Total sold: $1,000,000; Remaining: $0 – the round is fully subscribed and closed as of 30 June 2025.
• Investors: 1 accredited investor; no non-accredited investors participated.
• Issuer size: Revenue category “Over $100 million,” implying the raise represents <~1% of annual sales, a modest capital infusion.
• Securities offered: Equity only; no debt, warrants, or pooled-fund interests.
• No sales commissions or finder’s fees were paid, and no proceeds are earmarked for executive or director compensation.
• Exemption claimed: Rule 506(b) – allows up to 35 non-accredited (none used) and prohibits general solicitation.
• Duration: Offering expected to last less than one year; filing is marked as a “New Notice.”
• Management listed: CEO Ryan Steelberg and other senior officers/directors, but none are promoters for this raise.

Given Veritone’s historical revenue scale and market capitalization, the $1 million raise is financially immaterial and should have minimal dilution and balance-sheet impact. The absence of fees preserves 100% of gross proceeds. No strategic purpose for the capital is disclosed, leaving its operational use unspecified.

Positive

• Completed $1 million equity raise without sales commissions, preserving full proceeds.
• Proceeds not directed to insider compensation, indicating sound governance practices.

Negative

• Offering size is immaterial relative to Veritone’s >$100 million revenue, providing limited balance-sheet impact.
• No disclosed use of proceeds, leaving investors without clarity on strategic purpose.

Insights

Corporate Finance Analyst

TL;DR: $1 m Rule 506(b) equity raise is fully closed, fee-free, and immaterial to Veritone’s >$100 m revenue base—neutral capital event.

The filing confirms a small private placement that adds incremental cash with no direct costs. Because Veritone’s revenue bracket exceeds $100 million, the capital represents a fraction of annual turnover, implying negligible dilution. Using Rule 506(b) keeps disclosure limited and signals the investor is accredited, but it also limits general solicitation, suggesting selective funding rather than a broad capital need. No proceeds flow to insiders, which is governance-friendly. Lack of stated use of funds leaves uncertainty on strategic intent, yet scale suggests working-capital or minor project funding. Overall, this is a routine financing step with neutral investor impact.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:			3235-0076
Estimated average burden
hours per response:			4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

None

Entity Type

0001615165

Veritone Delaware, Inc.

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

Veritone, Inc.

Jurisdiction of Incorporation/Organization

DELAWARE

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Veritone, Inc.
Street Address 1		Street Address 2
1615 PLATTE STREET, 2ND FLOOR
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
DENVER	COLORADO	80202	8885071737

3. Related Persons

Last Name	First Name	Middle Name
Steelberg	Ryan
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Zemetra	Michael	L.
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kurtz	Knute	P.
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Zilis	Michael
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Morales	Francisco
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Keithley	Michael
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Taketa	Richard	H.
Street Address 1	Street Address 2
1615 Platte Road, 2nd Floor
City	State/Province/Country	ZIP/PostalCode
Denver	COLORADO	80202

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

4. Industry Group

Agriculture

Banking & Financial Services

Commercial Banking

Insurance

Investing

Investment Banking

Pooled Investment Fund

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

Yes No

Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

Oil & Gas

Other Energy

	Health Care
	Biotechnology
	Health Insurance
	Hospitals & Physicians
	Pharmaceuticals
	Other Health Care
	Manufacturing
	Real Estate
	Commercial
	Construction
	REITS & Finance
	Residential
	Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

X Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
X	Over $100,000,000			Over $100,000,000
	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

		Rule 504(b)(1) (not (i), (ii) or (iii))
		Rule 504 (b)(1)(i)
		Rule 504 (b)(1)(ii)
		Rule 504 (b)(1)(iii)
	X	Rule 506(b)
		Rule 506(c)
		Securities Act Section 4(a)(5)

Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

Section 3(c)(7)

7. Type of Filing

X	New Notice			Date of First Sale	2025-06-30				First Sale Yet to Occur
	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? Yes X No

9. Type(s) of Securities Offered (select all that apply)

X	Equity		Pooled Investment Fund Interests
	Debt		Tenant-in-Common Securities
	Option, Warrant or Other Right to Acquire Another Security		Mineral Property Securities
	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security		Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient	Recipient CRD Number X None
(Associated) Broker or Dealer X None	(Associated) Broker or Dealer CRD Number X None
Street Address 1	Street Address 2
City	State/Province/Country	ZIP/Postal Code
State(s) of Solicitation (select all that apply) Check "All States" or check individual States All States	Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount	$1,000,000	USD	or Indefinite
Total Amount Sold	$1,000,000	USD
Total Remaining to be Sold	$0	USD	or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$0	USD	Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0

USD

Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
Veritone, Inc.	/s/ Ryan Steelberg	Ryan Steelberg	President and Chief Executive Officer	2025-07-09

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.

FAQ

What did Veritone (VERI) disclose in its July 2025 Form D?

The company reported a completed $1 million private equity placement under Rule 506(b).

How many investors participated in Veritone’s exempt offering?

Only one accredited investor purchased the entire $1 million offering.

Will the $1 million raise materially dilute existing VERI shareholders?

Given Veritone’s >$100 million revenue scale, the raise is financially small and expected to cause minimal dilution.

Were any broker commissions or finders’ fees paid?

No. The filing lists $0 in commissions and $0 in finders’ fees.

What exemption did Veritone rely on for this offering?

Veritone claimed the Rule 506(b) exemption of Regulation D, which restricts solicitation and limits non-accredited investors.

When did the first sale of securities occur?

The first and only sale occurred on 30 June 2025.

How much of the offering remains available for sale?

None. The entire $1 million has already been sold.