Veritone shares fall on public offering of common stock

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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.

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