October 16, 2025 — Leads & Copy — Veritone, Inc. (NASDAQ: VERI) has announced a definitive agreement for the purchase and sale of 12,864,494 shares of common stock at $5.83 per share in a registered direct offering. The offering is expected to close around October 17, 2025, pending customary conditions, with Needham & Company acting as the sole placement agent.
The company anticipates gross proceeds of approximately $75 million before deducting expenses. Veritone plans to allocate the net proceeds, along with existing cash, to working capital and general corporate purposes, including capital expenditures, debt service, and repayment of indebtedness.
The securities are offered under a shelf registration statement on Form S-3, initially filed with the SEC on June 12, 2024, and effective as of June 21, 2024. The offering is made via a base prospectus and prospectus supplement, available on the SEC’s website. Electronic copies can be obtained from the company.
This announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such action would be unlawful.
Veritone builds human-centered enterprise AI solutions, serving sectors like media, entertainment, the public sector, and talent acquisition. Its aiWARE™ platform blends human expertise with AI to enhance organizational problem-solving capabilities.
Contact: investors@veritone.com or (888) 507-1737
Source: Veritone
