Veritone, Inc. Announces Closing of $63.8 Million Upsized Public Offering of Common Stock
December 07 2020 - 4:05PM
Business Wire
Veritone, Inc. (Nasdaq: VERI), a leading provider of artificial
intelligence (AI) technology and solutions, today announced the
closing of its upsized underwritten public offering of 3,450,000
shares of its common stock at a public offering price of $18.50 per
share, which includes the exercise in full by the underwriters of
their option to purchase additional shares. The aggregate gross
proceeds to Veritone from the offering are approximately $63.8
million, before deducting underwriting discounts and commissions
and other estimated offering expenses payable by Veritone.
Stifel, JMP Securities and Roth Capital Partners acted as joint
book-running managers for the offering.
The shares were issued pursuant to an effective registration
statement on Form S-3, including a base prospectus, that was
previously filed with the Securities and Exchange Commission (SEC).
A final prospectus supplement has been filed with the SEC and is
available on the SEC’s website at www.sec.gov. Copies of the final
prospectus supplement and the accompanying base prospectus relating
to the offering may be obtained from Stifel, Nicolaus &
Company, Incorporated, Attention: Syndicate, One Montgomery Street,
Suite 3700, San Francisco, California 94104, by telephone at (415)
364-2720 or by e-mail at syndprospectus@stifel.com, from JMP
Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco,
California 94111, Attention: Prospectus Department, by telephone at
(415) 835-8985, or by e-mail at syndicate@jmpsecurities.com, or
from Roth Capital Partners, Attention: Equity Capital Markets, 888
San Clemente Drive, Newport Beach, California 92660, by telephone
at (800) 678-9147 or by e-mail at rothecm@roth.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Veritone, Inc.
Veritone, Inc. (Nasdaq: VERI) is a leading provider of AI
technology and solutions. Veritone, Inc.’s proprietary operating
system, aiWARE™ powers a diverse set of AI applications and
intelligent process automation solutions that are transforming both
commercial and government organizations. aiWARE orchestrates an
expanding ecosystem of machine learning models to transform audio,
video, and other data sources into actionable intelligence.
Veritone, Inc.’s AI developer tools enable its customers and
partners to easily develop and deploy custom applications that
leverage the power of AI to dramatically improve operational
efficiency and unlock untapped opportunities. Veritone, Inc. is
headquartered in Costa Mesa, California, and has offices in Denver,
London, New York and San Diego.
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version on businesswire.com: https://www.businesswire.com/news/home/20201207005911/en/
Company Contact: Brian Alger, CFA SVP, Corporate
Development & Investor Relations Veritone, Inc. (949) 386-4318
investors@veritone.com
Investor Relations Contact: Kirsten Chapman LHA Investor
Relations (415) 433-3777 veritone@lhai.com
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