Veritone announces proposed public offering of common stock

Veritone, Inc. (NASDAQ: VERI) announced a proposed underwritten public offering of common stock shares, according to a company statement. The enterprise AI solutions provider intends to use net proceeds for working capital and general corporate purposes, including debt service and repayment of indebtedness.

The offering remains subject to market and other conditions, with no assurance regarding completion timing, size, or final terms. Needham and Company serves as sole bookrunning manager for the proposed offering.

The company will conduct the offering through a previously filed shelf registration statement that the Securities and Exchange Commission declared effective. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC.

Veritone operates in the media, entertainment, public sector and talent acquisition industries, providing AI software and services through its aiWARE platform. The Denver-based company transforms data sources into actionable intelligence for enterprise customers.

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