Veritone, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Recent Sales of Unregistered Equity Securities In January 2021, a consulting firm exercised warrants to purchase an aggregate of 91,833 shares of our common stock at an exercise price of $3.01 per share. Such exercises were done on a net exercise basis pursuant to the terms of the warrants and, as such, we did not receive any cash proceeds, and we issued a net number of 84,723 shares of our common stock in connection with such exercises. In January 2021, an investor exercised a warrant to purchase 10,775 shares of our common stock at an exercise price of $13.6088 per share, resulting in cash proceeds of approximately $0.1 million. In February 2021, an investor exercised warrants to purchase an aggregate of 156,720 shares of our common stock at an exercise price of $13.6088 per share, resulting in cash proceeds of approximately $2.1 million. In the first quarter of 2021, we issued an aggregate of 15,828 shares of our common stock to two third-party service providers as compensation for services rendered. No underwriters were involved in such issuance of securities. The securities were issued to accredited investors in reliance upon the exemption from the registration requirements of the Securities Act, as set forth in Section 4(a)(2) under the Securities Act, relative to transactions by an issuer not involving any public offering, to the extent an exemption from such registration was required. Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures Not applicable