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Amends Credit Agreement to Adjust Liquidity Covenant and Issues 253,744 Shares to Lenders","url":"https://stock-news.laohu8.com/highlight/detail?id=2544983179","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2544983179?lang=en_us&edition=fundamental","pubTime":"2025-06-17 05:01","pubTimestamp":1750107667,"startTime":"0","endTime":"0","summary":"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. 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Conducted Annual Stockholders Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2544967988","media":"Reuters","labels":["conferences"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2544967988?lang=en_us&edition=fundamental","pubTime":"2025-06-17 04:21","pubTimestamp":1750105290,"startTime":"0","endTime":"0","summary":"Veritone Inc. held its annual meeting of stockholders on June 13, 2025. The election of Knute P. Kurtz and Michael Zilis as Class II directors was approved. The appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. An amendment to the Certificate of Incorporation to increase the number of authorized shares of common stock from 75,000,000 to 150,000,000 was approved. An amendment to reflect Delaware Law provisions for the exculpation of certain officers was not approved. An amendment and restatement of the 2023 Equity Incentive Plan to increase the number of shares available for issuance by 2,500,000 shares was approved.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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