initial public offerings (IPOs) trading on American exchanges

Monday, December 10, 2018

Veritone (VERI) to be acquired by Apis Capital Management for $10.26/share in cash


 Apis Capital submits all-cash offer to acquire Veritone for $10.26/share in cash, or approximately $198 mln
Apis Capital Management has engaged in an initial productive discussion with Veritone to explore the merits and potential terms of a transaction, yet Veritone has stalled in moving forward with substantive discussions. Apis looks forward to continuing to work with Veritone to complete this transaction in an expeditious manner, for the benefit of the shareholders. The proposal is subject to confirmatory due diligence and negotiation of definitive documentation.

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