Jun. 4 at 11:29 PM
$VERI 5/21 after close, Veritone announced their
$50M ATM with a previous price of
$1.96.
$50M /
$1.96 = 25,510,000 shares.
92,958,000 shares currently outstanding. Add in the 25,510,000 = 118,468,000, which is 27.44% dilution.
$1.96 x 27.44% =
$0.54
All things equal,
$1.42 stock.