Veritone announces proposed public offering of common stock

DENVER - AI solutions provider Veritone, Inc. (NASDAQ:VERI), currently valued at $199.25 million, announced Wednesday a proposed underwritten public offering of shares of its common stock. The company intends to use the net proceeds for working capital and general corporate purposes, including debt service and repayment of its $117.65 million in total debt. According to InvestingPro data, the company’s short-term obligations currently exceed its liquid assets.

Needham and Company is serving as the sole bookrunning manager for the proposed offering, which remains subject to market conditions. The company noted there can be no assurance regarding whether or when the offering may be completed, or its final size and terms. With a current ratio of 0.89, the offering comes at a time when strengthening the company’s financial position appears crucial.

The offering will be made through a previously filed and SEC-approved shelf registration statement. A preliminary prospectus supplement and accompanying prospectus related to the offering will be filed with the Securities and Exchange Commission.

Veritone builds enterprise AI solutions for customers in media, entertainment, public sector, and talent acquisition industries. The company’s aiWARE platform orchestrates machine learning models to transform data into actionable intelligence.

The announcement comes as part of the company’s ongoing financial strategy. The proposed offering is subject to market and other conditions, according to the press release statement.

In other recent news, Veritone has been active with several key developments. D. Boral Capital significantly raised its price target for Veritone to $26 from $6, maintaining a Buy rating, following meetings with the company’s management that led to upward revisions in revenue projections. In financial adjustments, Veritone amended its Credit and Guaranty Agreement to increase its minimum consolidated liquidity requirements, setting a $5 million threshold until mid-September 2025, after which it will rise to $15 million. Additionally, Veritone has partnered with Newsmax to utilize its Digital Media Hub technology, aiming to modernize Newsmax’s production workflows and make a 20-year content archive more accessible.

D. Boral Capital also assumed coverage of Veritone, citing confidence in the company’s growth trajectory, supported by its Veritone Data Refinery (VDR) platform and a strengthening public sector pipeline. The company reported processing over 5 trillion tokens through its VDR platform in the second quarter of 2025, demonstrating significant operational capacity. These recent developments reflect Veritone’s strategic efforts to enhance its technological capabilities and financial standing.

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