Veritone (VERI) announced a proposed underwritten public offering of shares of its common stock. Veritone currently intends to use the net proceeds from the offering for working capital and general corporate purposes including, but not limited to, debt service and repayment of indebtedness. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Needham and Company is acting as sole bookrunning manager for the proposed offering.
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