Artificial intelligence company Veritone Inc. (Nasdaq: VERI) in Costa Mesa closed its upsized public offering of common stock, raising $63.8 million in aggregate gross proceeds.
The offering of 3,450,000 shares of common stock was priced at $18.50 per share.
“The aggregate gross proceeds to Veritone from the offering are approximately $63.8 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Veritone,” the company said in a statement today.
Shares in Veritone fell a little more than 0.1% to $29.97 apiece in after-hours trading after having gained 10.5% as of the close.
