ACCESS Newswire·Nov 6, 2026, 9:00 PM ET

CORRECTION: Vertical Data Closes $4.24 Million Private Placement of Common Stock

Vertical Data Inc. closed a private placement of 1,413,640 common shares at $3.00 per share for approximately $4.24 million.
Goldman Sachs & Co. LLC served as the exclusive capital markets advisor while B. Riley Securities acted as the placement agent.
Chairman and CEO Deven Soni purchased $500,000 of the shares, with other insiders purchasing approximately $500,000 for a total insider investment of $1 million.
B. Riley Securities invested $1,000,000 in this offering, bringing their combined participation from this & a prior offering to $2,175,000.
Insider purchases represented approximately 24% of the total proceeds from the private placement.
The shares were sold to accredited investors & persons outside the United States under exemptions from registration under the Securities Act of 1933.
The Company is required to file a resale registration statement with the SEC within 30 days of the closing.
Vertical Data is actively pursuing an uplisting to a national stock exchange as part of its growth strategy.
Vertical Data operates three AI infrastructure platforms: VerticalData.io for GPU provisioning, GPU Financing for structured financing, & Vertical Edge for data center equity holdings.