Investigation Alert: Investors in Veritone, Inc. (NASDAQ: VERI) shares should contact the Shareholders Foundation

An investigation was announced for current long-term investors in shares of Veritone, Inc. (NASDAQ: VERI) concerning potential breaches of fiduciary duties by certain directors and officers of Veritone, Inc.

Investors who are current long term investors in Veritone, Inc. (NASDAQ: VERI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: VERI stocks follows a lawsuit filed against Veritone, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VERI stocks, concerns whether certain Veritone directors are liable in connection with the allegations made in that lawsuit.

Irvine, CA based Veritone, Inc., together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. Veritone, Inc. (NASDAQ: VERI) reported that its annual Total Revenue declined from $92.63 million in 2024 to $92.19 million in 2025, and that its Net Loss increased from $37.38 million in 2024 to $111.73 million in 2025.

On March 26, 2026, Veritone filed an 8-K with the U.S. Securities and Exchange Commission ("SEC") announcing preliminary, unaudited financial results for the fourth quarter 2025 and revenue expectations between $18.1 and $30 million. The Company explained that the range in expected revenue was because it was "currently finalizing its accounting determination for certain revenue transactions under ASC 606."

On April 1, 2026, Veritone, Inc. filed a Form NT 10-K with the SEC, disclosing the Company "was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 . . . within the prescribed time period primarily due to delays in finalizing the Company's accounting determination of certain barter revenue transactions under ASC 606." The filing further stated the "ongoing accounting analysis" may "result in out-of-period adjustments, the largest of which may result in a reduction in revenue for the quarter ended September 30, 2025 of $1.5 million to $2.5 million, or 5.2% to 8.6%, of the total $29.1 million of revenue previously reported for such quarter." The Company disclosed it was evaluating "whether the previously issued financial statements for the quarters ended June 30, 2025 and September 30, 2025 may need to be revised or restated."

On April 14, 2026, Veritone, Inc. disclosed in a filing with the SEC "that the Company's previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon", citing five categories of errors with a "collective impact . . . of reducing the company's quarterly revenue $2.48 million (8.53%) to $26.63 million."

Shares of Veritone, Inc. (NASDAQ: VERI) declined from $9.42 per share on October 15, 2025, to as low as $1.885 per share on May 12, 2026.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the Company inaccurately recorded and/or misclassified certain revenue and costs, that, as a result, the Company overstated its revenue, assets, accounts receivable, royalties and other comprehensive income, that Veritone maintained deficient internal controls over accounting and financial reporting, and that, as a result of the foregoing, the Company would be forced to restate certain of its financial statements,

Those who purchased shares of Veritone, Inc. (NASDAQ: VERI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.