Veritone prices $25 million public stock offering at $2.63 per share

Veritone Inc. (NASDAQ: VERI) priced an underwritten public offering of 9,505,705 shares of common stock at $2.63 per share, the company announced. The offering is expected to generate approximately $25 million in gross proceeds before underwriting discounts and other expenses.

The enterprise AI solutions company has granted underwriters a 30-day option to purchase up to an additional 1,425,855 shares at the same price, minus underwriting fees. The offering is scheduled to close on September 12, 2025, subject to standard closing conditions.

Veritone plans to use the net proceeds for working capital and general corporate purposes, including debt service and repayment of existing debt obligations. Needham and Company is serving as the sole bookrunning manager for the transaction.

The offering is being conducted under a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission. The company will file a final prospectus supplement with the SEC, which will be available on the commission's website.

Veritone develops AI software and services for customers in media, entertainment, public sector and talent acquisition industries. The company's aiWARE platform processes data sources using machine learning models to generate business intelligence.

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