Veritone, Inc. Prices Public Offering of Common Stock
December 03 2020 - 8:14AM
Business Wire
Veritone, Inc. (Nasdaq: VERI), a leading provider of artificial
intelligence (AI) technology and solutions, today announced that it
has priced its previously announced underwritten public offering
consisting of 3,000,000 shares of its common stock, at a public
offering price of $18.50 per share. In addition, Veritone, Inc. has
granted the underwriters for the offering a 30-day option to
purchase up to an additional 450,000 shares of common stock offered
in the public offering.
The offering is expected to close on December 7, 2020, subject
to customary closing conditions. Gross proceeds to Veritone, Inc.
from the offering will be $55.5 million, before deducting the
underwriting discounts and other offering expenses payable by
Veritone, Inc., but excluding any exercise of the underwriters’
option.
Stifel, JMP Securities and Roth Capital Partners are acting as
joint book-running managers for the offering.
The public offering is being 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 final prospectus
supplement relating to the offering will be filed with the SEC and
will be available on the SEC’s website at www.sec.gov. When
available, 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.
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 closing of the 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201203005555/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
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Apr 2023 to Apr 2024