Veritone greenshoe exercised, lifts convertibles to $201.25 million

Chicago, Nov. 22 – Veritone Inc. announced that the initial purchasers of its 1.75% five-year convertibles exercised the over-allotment option in full on Nov. 18 and purchased another $26.25 million of the notes, according to an 8-K filed with the Securities and Exchange Commission.

The exercise of the greenshoe lifts the issue size to $201.25 million from the original $175 million of notes priced on Nov. 16.

As previously reported, the notes have an initial conversion premium of 32.5%.

BofA Securities Inc. and UBS Securities LLC were bookrunners for the Rule 144A offering.

Before being upsized, the initial size of the offering was $150 million with a greenshoe of $22.5 million.

Veritone is a Denver-based AI software and solutions company.

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