VERSES® Announces Closing of Second Tranche of Private
VERSES AI Inc. announced the completion of a second tranche of its private placement, issuing 473,500 units at C$0.75 each, raising gross proceeds of C$355,125. Combined with a previous tranche, the total raised is C$1,100,930. Each unit includes a share and half a warrant, entitling holders to purchase shares at C$1.00. The proceeds will bolster […]
VERSES® Announces Closing of Private Placement Offering of
VERSES AI Inc. has completed a non-brokered private placement, selling 1,170,807 units at C$0.75 each, raising C$745,805 (US$547,644) and extinguishing C$132,300 in liabilities. Each unit consists of one Class A share and half a share purchase warrant, exercisable at C$1.00 for 24 months. The funds will support the company’s financial stability and R&D efforts. Additionally, […]
VERSES AI Inc. Will Hold a Company Overview and Update
VERSES AI Inc. (CBOE:VERS, OTCQB:VRSSF), a cognitive computing firm, will hold a corporate update webinar for investors on February 18th at 10am PST. The event will feature Interim CEO David T. Scott, President & COO James Hendrickson, and CFO James Christodoulou discussing the company’s developments. VERSES focuses on next-generation agentic software systems inspired by natural […]
VERSES AI Inc. Announces Management Changes
VERSES AI Inc. announced the appointment of David T. Scott as Interim CEO following the resignation of co-founders Gabriel René and Dan Mapes for personal reasons. The company is currently seeking a permanent CEO. Michael Blum, Chair of the Board, highlighted Scott’s extensive experience with major tech firms and his entrepreneurial background. Scott expressed gratitude […]
VERSES® Restructures to Focus on Core Target Market
VERSES AI Inc. is refocusing its corporate strategy to prioritize core markets, leading to a workforce restructuring that will cut headcount by about half. This includes the termination of furloughed employees and deferred salaries for some executives. The changes aim to reduce operating costs and enhance liquidity, with CEO Gabriel René stating this strategy will […]
VERSES Closes CAD$2.65 Million Convertible Debenture Unit
VERSES AI Inc. has completed a non-brokered private placement, raising CAD$2.65 million, predominantly in cash. Each secured convertible debenture unit consists of CAD$1,000 in debentures and 164 share purchase warrants. The debentures, convertible at CAD$3.04 per share, mature on December 18, 2027, and bear 15% interest. The company plans to use the proceeds for working […]
VERSES® Closes Financing Arrangement with a Notional Value
VERSES AI Inc. has completed a non-brokered private placement, securing CAD$14,000,000 from Sorbie Bornholm LP through the issuance of 2,660,000 Units, each consisting of one subordinated voting share and half a warrant. The warrants allow for the purchase of additional shares at CAD$7.00 for 36 months. The first tranche of CAD$700,000 has been received, with […]
VERSES Announces Financing Agreement with a Notional Value
VERSES AI Inc. has announced a private placement with institutional investors to raise CAD$14,000,000 by selling 2,333,334 Units at CAD$6.00 each, with each Unit comprising one share and a half warrant exercisable at CAD$7.00. The transaction needs approval from Cboe Canada Inc. Additionally, VERSES is implementing a workforce reduction program to enhance liquidity and operational […]
VERSES® Recognized in the 2025 Gartner® Emerging Tech
VERSES AI Inc. has been recognized as a sample vendor in the 2025 Gartner Emerging Tech Impact Radar for Spatial AI, highlighting its contributions to World Models and Spatial Computing. The report predicts that by 2035, all autonomous systems will integrate Spatial AI. VERSES participated in the IEEE Spatial Web Working Group, supporting new standards […]
VERSES® Welcomes Former Amazon Web Services (AWS) Executive
VERSES AI Inc. has appointed David T. Scott, former Head of Global Marketing at AWS, to its board, succeeding G. Scott Paterson. CEO Gabriel René expressed excitement about Scott’s expertise in marketing and growth, which will aid VERSES’ commercial expansion and support the launch of their flagship product, Genius™. Scott, with over 25 years of […]