- Veritone (NASDAQ:VERI) announced on Wednesday 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.
- Veritone (NASDAQ:VERI) shares were down more than 11% in extended trading.