Veritone, Inc. Announces Proposed Public Offering of Common Stock
December 02 2020 - 4:05PM
Business Wire
Veritone, Inc. (Nasdaq: VERI), a leading provider of artificial
intelligence (AI) technology and solutions, today announced it has
commenced an underwritten public offering of shares of its common
stock. Veritone, Inc. also expects to grant the underwriters for
the offering a 30-day option to purchase additional shares of its
common stock. The offering is subject to market and other
conditions and there can be no assurances as to whether or when the
offering may be completed, or as to the size or terms of the
offering.
Stifel is acting as the lead book-running manager for the
offering. JMP Securities and Roth Capital Partners are acting as
joint book-running managers for the offering.
The public offering will be made pursuant to a registration
statement on Form S-3, including a base prospectus, that was
previously filed with the Securities and Exchange Commission (SEC)
and was declared effective on June 13, 2018. A preliminary
prospectus supplement and the accompanying base prospectus relating
to and describing the terms of the offering will be filed with the
SEC and will be available on the SEC’s website at www.sec.gov.
Copies of the preliminary prospectus supplement and the
accompanying base prospectus relating to the offering may be
obtained, when available, 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. The final terms
of the offering will be disclosed in a final prospectus supplement
to be filed with the SEC.
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.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which involve risks and uncertainties, including
statements regarding the proposed public offering. Various factors
may cause differences between Veritone, Inc.’s expectations and
actual results, including risks and uncertainties associated with
market conditions and the satisfaction of customary closing
conditions related to the proposed offering. More information about
potential factors that could affect Veritone, Inc.’s business and
financial results is contained in its annual report on Form 10-K,
its quarterly reports on Form 10-Q and its other filings with the
SEC. Veritone, Inc. does not intend, and undertakes no duty, to
update this information to reflect future events or
circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20201202005938/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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