Levi & Korsinsky Reminds Veritone, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of July 20, 2026 - VERI

Veritone incorporated by reference its overstated Q3 2025 financial results into an October 2025 prospectus filed with the SEC, allegedly exposing offering participants to securities fraud liability under federal law.

Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 prohibit making untrue statements of material fact or omitting material facts necessary to make statements not misleading in connection with the purchase or sale of securities. A class action has been filed against Veritone, Inc. (NASDAQ: VERI) alleging violations of these provisions between October 14, 2025 and April 14, 2026.

On October 16, 2025, Veritone filed a Prospectus on Form 424B5 with the SEC. That prospectus incorporated by reference the Company's Form 8-K filed the same day, which reported Q3 2025 preliminary revenue of $28.5 million to $28.7 million and touted a 30.5% year-over-year increase. The lawsuit contends these incorporated figures were materially misstated.

The action claims Veritone's October 2025 prospectus contained or incorporated financial data that overstated the Company's true financial condition. Specifically, the Q3 2025 figures folded into the offering document allegedly inflated revenue by approximately $2.2 million due to errors in valuing consideration received for an on-premise software license exchanged for non-monetary intangible rights. The complaint asserts investors who purchased shares in connection with this offering relied on financials that the Company itself later declared unreliable.