VERSES AI INC Stock Price, News & Analysis

VERSES (symbol VRSSD) closed a non‑brokered private placement of secured convertible debenture units for gross proceeds of CAD$2.65M (C$2.4M cash).

Each Unit equals CAD$1,000 of secured convertible debentures plus 164 detachable warrants. Debentures convert into Class A shares at CAD$3.04 per share, mature on Dec 18, 2027, and bear 15% annual interest payable in cash or, at holder option, in shares at the conversion price (subject to Exchange approval). Warrants exercisable at CAD$7.00 until Dec 18, 2028. Debentures are secured by a first‑ranking security interest. Net proceeds will be used for general working capital and securities are subject to a four‑month hold and Exchange final approval.

VERSES (VRSSD) closed a non-brokered private placement with Sorbie Bornholm LP with a notional value of CAD$14,000,000 in exchange for 2,660,000 Units. Each Unit is one Class A subordinated voting share and one half warrant; each whole warrant is exercisable at CAD$7.00 for 36 months.

VERSES received CAD$700,000 as the first tranche and expects eleven additional monthly tranches calculated under a Sharing Agreement formula that multiplies CAD$1,209,091 by the percent difference between a CAD$7.75 benchmark and the trailing 20‑day VWAP; if VWAP exceeds the benchmark the per‑tranche amount is increased and there is no stated cap. The company will use proceeds for working capital and general corporate purposes. Each tranche carries an 8% brokerage fee. Securities are subject to a statutory hold period of four months plus one day and were not registered in the United States.

VERSES (OTCQB: VRSSF) was recognized as a sample vendor in the 2025 Gartner Emerging Tech Impact Radar: Spatial AI for the Spatial Computing and World Models use cases. Gartner's report (14 Oct 2025) highlights Spatial AI’s role in fusing 3D context with physics and predicts broad adoption by 2035. The report notes IEEE approved initial Spatial Web protocol, architecture, and governance standards in May 2025. VERSES said it participated in the IEEE Spatial Web Working Group and intends to support HSML and HSTP standards in its Genius product.

VERSES AI (OTCQB:VRSSF) has appointed David T. Scott, former Head of Global Marketing Strategy, Analytics, and Operations at Amazon Web Services (AWS), to its Board of Directors. Scott replaces G. Scott Paterson, who stepped down effective September 30, 2025.

David Scott brings over 25 years of executive leadership experience, having managed AWS's 3,500-person marketing team and held senior positions at Twitter, AT&T, PeopleSoft, Honeywell, and General Electric. He is a published author with two HarperCollins bestsellers on marketing strategy and currently serves on the board of marketing platform Marigold.

The appointment comes as VERSES enters a new phase of commercialization for its Genius™ product, with the company focusing on scaling its global marketing and sales operations.

VERSES AI (OTCQB:VRSSF) has expanded its commercial relationship with a major global investment firm, extending their existing consulting arrangement with additional milestone-based payments. The company will utilize its Genius™ platform to develop an active inference causal model for financial markets to enhance asset allocation decisions.

The project focuses on improving financial metrics like drawdown and volatility through efficient data ingestion, model creation, and deployment. The expanded contract includes fixed milestone-based payments initially, with provisions for outcome-based pricing in the future.

VERSES AI (OTCQB: VRSSF) has been granted a significant patent (US 12,393,581 B2) by the US Patent and Trademark Office for their innovative method of specifying active inference-based agents using natural language. The patent outlines a novel approach for designing domain models that enable software agents to generate predictions and perform domain-specific tasks.

According to Chief Technology Officer Hari Thiruvengada, this patent demonstrates how VERSES is transforming active inference into practical, scalable technology. The system's key innovation lies in its ability to allow domain models to be expressed in natural language, making intelligent agent design both powerful and accessible for enterprises.

VERSES AI (OTCQB: VRSSF) has filed its Q2 2025 Quarterly Report on Form 10-Q with the SEC for the period ended June 30, 2025. The company's CFO, James Christodoulou, highlighted key achievements including disciplined cost management and the first revenue generation from their flagship product Genius, which was launched just two months prior.

VERSES, a cognitive computing company developing Nature-inspired agentic software systems, reported that their Genius platform is designed to generate domain-specific predictions and decisions under uncertainty. The quarterly results demonstrate strong customer interest and prudent cash management as the company continues to scale and commercialize its operations.

VERSES AI (OTCQB: VRSSF) has unveiled a groundbreaking robotics architecture that outperforms existing solutions without requiring pre-training. The company's model achieved a 66.5% success rate across household tasks compared to 54.7% for the previous best alternative, which needed 1.3 billion training steps.

The VERSES system successfully completed tasks like tidying rooms, preparing groceries, and setting tables through three integrated modules: vision for environment mapping, planning for task breakdown, and control for movement execution. Unlike traditional robotics solutions that either rely on pre-programming or extensive deep learning training, VERSES' approach enables robots to adapt to new situations through active environmental exploration.

This breakthrough could revolutionize automation across industries, from warehouses and factories to domestic applications, by eliminating the need for costly training and improving adaptability to changing environments.

VERSES AI (OTCQB: VRSSF) has announced its sponsorship of the 6th annual International Workshop on Active Inference (IWAI), alongside notable co-sponsors Waymo and Mila. The conference, scheduled for October 15-17 at McGill University in Montreal, will focus on advancing Active Inference and Bayesian Brain research.

VERSES researchers will present seven full papers and six posters covering topics including robotics, machine vision, and multi-agent cooperation. The event features keynotes from VERSES team members, including Professor Karl Friston, alongside experts in fields such as cognitive neuroscience, robotics, and complex adaptive systems.