Veritone, Inc. (NASDAQ: VERI) announced a proposed underwritten public offering of shares of its common stock.
The company intends to use the net proceeds for working capital, debt service, and general corporate purposes.
The offering is subject to market conditions and there is no certainty on its completion or terms.
Proposed Public Offering
Veritone plans to offer shares of its common stock for working capital and general corporate purposes.
Bookrunning Manager
Needham and Company will serve as the sole bookrunning manager for the offering.
Shelf Registration Statement
A shelf registration statement related to the offered securities was previously filed and declared effective by the SEC.
- Veritone's decision to conduct a public offering reflects its strategy to raise capital for future operations and financial objectives.
- The involvement of Needham and Company as the bookrunning manager adds credibility and expertise to the offering process.
Veritone's announcement of the proposed public offering indicates a strategic move to enhance its financial position and support corporate initiatives.