Veritone, Inc. (NASDAQ:VERI) ("Veritone" or the "Company"), a leader in building human-centered enterprise AI solutions, today announced that it has entered into a definitive agreement providing for the purchase and sale of an aggregate of 20,000,000 shares of common stock in a registered direct offering. 

The aggregate gross proceeds from the offering are expected to be approximately $15.0 million, before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the offering, together with its existing cash and cash equivalents, to repay and/or restructure a portion of its convertible debt and for working capital and general corporate purposes.