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Veritone ( (VERI) ) has shared an update.
Veritone, Inc. has announced a registered direct offering of common stock and pre-funded warrants to raise approximately $20.3 million, with Esousa Group Holdings, LLC as the purchaser. The company intends to use the proceeds for working capital, general corporate purposes, and to further develop its AI platform and applications, potentially impacting its market positioning by expanding its solutions and financial flexibility.
More about Veritone
Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions, serving customers in the media, entertainment, public sector, and talent acquisition industries. Its software and services, including the aiWARE platform, empower individuals at major brands to enhance efficiency, decision-making, and profitability by transforming data sources into actionable intelligence.
Average Trading Volume: 1,064,469
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $125.7M
Learn more about VERI stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
