Veritone raises $75 million through registered direct offering

Veritone Inc. (NASDAQ: VERI) announced it entered into a definitive agreement to sell 12,864,494 shares of common stock at $5.83 per share in a registered direct offering, according to a company statement.

The offering is expected to close on or about October 17, 2025, subject to customary closing conditions. Needham & Company served as sole placement agent for certain investors in the transaction.

The company expects to receive approximately $75 million in gross proceeds before deducting offering expenses. Veritone stated it intends to use the net proceeds along with existing cash and cash equivalents for working capital and general corporate purposes, including capital expenditures, debt service and repayment of indebtedness.

The securities are being offered through a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on June 12, 2024, and became effective on June 21, 2024.

Veritone develops enterprise artificial intelligence solutions 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 actionable intelligence.

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