Veritone Announces Proposed Public Offering of Common Stock

Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced a proposed underwritten public offering of shares of its common stock. Veritone currently intends to use the net proceeds from the offering for working capital and general corporate purposes including, but not limited to, debt service and repayment of indebtedness. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Needham and Company is acting as sole bookrunning manager for the proposed offering.

A shelf registration statement relating to the offered securities was previously filed and declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a written prospectus and a prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement, along with an accompanying prospectus, relating to the offering will be filed with the SEC and will be available for free on the SEC’s website, located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained from: Needham & Company, LLC, 250 Park Avenue, 10^th Floor, New York, NY 10177, Attn: Prospectus Department, Email: [e-mail], Telephone: [phone].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Veritone

Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere.