Reported 2 days ago
Veritone Inc. (NASDAQ:VERI) has announced a public offering of 9.51 million shares at $2.63 each, aiming to raise $25 million to enhance its financial position. The company has also granted underwriters an option for an additional 1.43 million shares. The proceeds will be used as working capital and to service debt following an amendment to its Credit and Guaranty Agreement that raised its liquidity requirement. Veritone specializes in AI software through its aiWARE platform, which utilizes machine learning to turn data into actionable insights.
Source: YAHOO