White & Case advises Needham & Company, as sole placement agent, on Veritone, Inc.’s US$75 million registered direct offering of common stock

Global law firm White & Case LLP has advised Needham & Company, LLC, as the sole placement agent, on a US$75 million registered direct offering of approximately 12.9 million shares of common stock of Veritone, Inc. The shares of common stock were sold at a public offering price of US$5.83 per share, and aggregate gross proceeds to Veritone from the offering are expected to be approximately US$75 million.

Veritone, a leader in building human-centered enterprise AI solutions, intends to use the net proceeds from the offering for working capital and general corporate purposes including, but not limited to, capital expenditures, debt service and repayment of indebtedness.

The White & Case team was led by Capital Markets partner Drew Valentine (New York), and included Capital Markets associates Karen Chan and Susie Qu (both in New York). Law clerk Shahmurad Lodhi (New York) also assisted on the matter.

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