VERSES® Expands Commercial Relationship with Major Global Investment Firm

Rhea-AI Summary

VERSES (OTCQB: VRSSD) said it is expanding and extending a consulting relationship with a major global investment firm to further embed its Genius™ agentic software in the client’s investment and risk workflows.

VERSES first worked with the firm in early 2025, upgraded to an enterprise Genius license in June 2025, and extended the engagement in September 2025; the current phase will assess model effectiveness for asset allocation and risk teams.

AI-generated analysis. How Rhea-AI works. Not financial advice.

What This Means

This announcement highlights a further expansion and extension of VERSES’ work embedding Genius with...

Analysis

This announcement highlights a further expansion and extension of VERSES’ work embedding Genius within a major investment firm’s workflows. The relationship has progressed from an initial engagement in early 2025 to an enterprise license in June 2025, a prior extension in September 2025, and now a new phase focused on investment and risk teams. Investors may watch for quantitative metrics on contract scale, renewal cadence, and broader financial-services adoption over time.

Key Figures

Publication date: April 21, 2026 First engagement year: Early 2025 Enterprise license date: June 2025 +5 more

8 metrics

Publication date April 21, 2026 Press release date

First engagement year Early 2025 Initial work with investment firm

Enterprise license date June 2025 Upgraded to Genius enterprise license

Extension date September 2025 Previous extension of relationship

Price change 5.34% Move on latest session prior to this news

52-week high $15.00 Upper trading range reference

52-week low $2.65 Lower trading range reference

Float 6,402,793 shares Shares float from risk context

Regulatory & Risk Context

Short Interest: 0.85%

Short Interest

0.85% of shares outstanding

as of 2025-07-15 Days to cover: 1

Key Terms

cognitive computing, agentic software systems, active inference causal model, asset allocation, +1 more

5 terms

cognitive computing technical

"a cognitive computing company specializing in next-generation agentic software systems"

Cognitive computing describes computer systems that mimic human thought by learning from data, recognizing patterns, and making suggestions rather than following fixed rules. For investors, it matters because these systems can boost productivity, reduce errors, create new products or cost savings, and change competitive positions in industries—similar to hiring a fast-learning, tireless analyst that improves with experience and uncovers insights humans might miss.

agentic software systems technical

"company specializing in next-generation agentic software systems"

Agentic software systems are computer programs that can set goals, make decisions, and take actions on their own with little human supervision—like a self-directed employee that plans and executes tasks. They matter to investors because they can cut costs, speed up operations, create new products, or introduce risks (errors, legal exposure, or reputational harm), so they affect revenue potential, expenses, and regulatory scrutiny.

active inference causal model technical

"developed an active inference causal model of financial markets"

An active inference causal model is a computerized decision framework that builds an internal map of how different factors cause outcomes, then chooses actions to test and confirm that map while steering toward desired results. For investors it matters because such models can combine prediction and experimentation—like using a map while adjusting the steering—to uncover which signals actually drive prices, improve forecasts, and guide trading or risk decisions under uncertainty.

asset allocation financial

"model of financial markets to inform asset allocation decisions"

Asset allocation is the plan for how an investor divides money among different types of investments — such as stocks, bonds, cash, and real estate — to pursue growth while controlling risk. It matters because the mix determines how much your portfolio can gain or lose in different market conditions; like choosing ingredients for a recipe, the right balance aims to match your financial goals, time horizon, and comfort with ups and downs.

enterprise license financial

"then upgraded to a Genius enterprise license in June 2025"

An enterprise license is a contract that lets an entire organization use a product or service across many users, locations, or devices under one fee or subscription instead of buying individual seats. For investors it matters because enterprise deals create predictable, often larger revenue streams, higher customer retention through renewals, and potential cost or concentration risks if a few big clients drive a large share of sales — like a company choosing a single family subscription instead of many individual tickets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, British Columbia, April 21, 2026 (GLOBE NEWSWIRE) -- (OTCQB: VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in next-generation agentic software systems, today announced an additional expansion and extension of its relationship with a major global investment firm. The Company will extend its existing consulting arrangement to further embed Genius™ in the customer organization.

In this phase, VERSES will work with investment and risk management team members at the investment firm to further assess the effectiveness of using VERSES models within their existing process workflows. This work will build on the previous phase, in which VERSES developed an active inference causal model of financial markets to inform asset allocation decisions. VERSES first worked with this investment firm in early 2025, then upgraded to a Genius enterprise license in June 2025, and further extended the relationship in September 2025.

“We continue to be focused on developing and commercializing Genius for financial services. We believe that this contract extension is a vote of confidence in our ability to drive value for large asset managers,” said David T. Scott, VERSES interim CEO.

About VERSES

VERSES^® is a cognitive computing company building next-generation intelligent agentic systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius™, is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at verses.ai, LinkedIn and X.

On behalf of the Company
David Scott, CEO, VERSES AI Inc.
Press Inquiries: press@verses.ai
Investor Relations Inquiries
James Christodoulou, Chief Financial Officer
IR@verses.ai, +1(212)970-8889

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements which constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the intended use of proceeds from the Offering.

The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the net proceeds from the Offering will be sufficient to fund the Company's intended activities; the Company will be able to execute on its research and development objectives as planned; and general business, market and economic conditions will not materially change. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company's ability to successfully implement its business plan and achieve its research and development objectives; changes in general economic and market conditions; the Company's ability to maintain sufficient working capital and liquidity; dependence on key personnel and the ability to attract and retain qualified employees; competition from other companies in the Company's industry; and other risks detailed from time to time in the filings made by the Company in accordance with securities regulations. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

FAQ

What did VERSES announce about its relationship with the major investment firm on April 21, 2026 (VRSSD)?

VERSES announced an expansion and extension of its consulting arrangement to further embed Genius in the firm’s workflows. According to the company, this phase focuses on assessing model effectiveness with investment and risk management teams to inform asset allocation.

When did VERSES first begin working with the investment firm and what license changes occurred (VRSSD)?

VERSES first worked with the investment firm in early 2025 and upgraded to a Genius enterprise license in June 2025. According to the company, the relationship was further extended in September 2025 and now expands again in April 2026.

What will VERSES do during the new engagement phase with the investment firm (VRSSD)?

VERSES will work with investment and risk management team members to assess using VERSES models within existing workflows. According to the company, the work builds on an active inference causal model developed to inform asset allocation decisions.

Does the April 21, 2026 announcement from VERSES (VRSSD) include financial terms or revenue guidance?

No, the announcement does not disclose financial terms, pricing, or revenue guidance for the engagement. According to the company, the release focuses on the extension of consulting work and integration of Genius into client processes.

What did VERSES management say about the significance of the contract extension (VRSSD)?

VERSES interim CEO David T. Scott called the extension a vote of confidence in the company’s ability to drive value for large asset managers. According to the company, the comment frames the move as progress in commercializing Genius for financial services.