VERSES AI INC Stock Price, News & Analysis

VERSES Technologies Inc. (OTCQX:VRSSF) will officially rebrand to VERSES AI Inc. on March 31, 2023, pending NEO Exchange approval. This change aligns with the company’s focus on advanced AI systems. CEO Gabriel René emphasized that their aim is to lead in the Web 3.0 era, showcasing strong leadership with expertise from Fortune 500 and Global 1000 sectors. The company’s KOSMOS OS will launch in Q3, enhancing its market entry with innovative AI tools. Additionally, the first consumer AI agent, GIA, is expected later this year, building on research led by Chief Scientist Dr. Karl Friston, a prominent figure in neuroscience.

VERSES Technologies Inc. (OTCQX:VRSSF) announced a successful first tranche of its non-brokered private placement, raising gross proceeds of C$5,001,409. This tranche included the issuance of unsecured convertible debentures and 1,742,979 detachable warrants. The Company plans to increase the size of the Private Placement to a maximum of C$7,500,000, subject to NEO approval. Proceeds will be used for general working capital. Additionally, C$261,360 was paid in fees to finders along with 303,907 broker warrants. All securities issued are subject to a four-month hold period.

VERSES Technologies Inc. (OTCQX:VRSSF) announced a non-brokered private placement of unsecured convertible debenture units to raise up to C$5,000,000. Each unit comprises C$1,000 principal unsecured convertible debentures and 350 detachable warrants to purchase Class A Subordinate Voting shares. The debentures will mature in 12 months, accruing interest at 20% per annum, convertible into equity securities upon closing of an Equity Financing of at least C$10,000,000. Proceeds will be used for general working capital. The company is set to close the initial tranche on February 28, 2023, pending regulatory approval.

VERSES Technologies Inc. has unveiled GIA™, the first General Intelligent Agent, designed to enhance user interaction with technology through advanced AI capabilities. Expected to reduce information overload and increase productivity, GIA learns user preferences to manage personal and professional activities efficiently. It offers features like predictive reasoning, data automation, and personalized recommendations across various platforms. The company plans to launch GIA's international beta in summer 2023, marking a key development in cognitive computing aimed at fostering healthier human-tech relationships.

VERSES Technologies Inc. (OTCQX:VRSSF) announces a live webinar hosted by Market Radius Research on February 22, 2023, at 2:00 PM ET. The event will feature CEO Gabriel René discussing the company's development of KOSM™, the first network operating system for distributed intelligence. Attendees can ask questions in real-time, with an archived version available later. VERSES focuses on cognitive computing and AI, aimed at transforming data into universal contexts for better collaboration between humans and AI. This webinar represents an opportunity for investors to gain insights into the company's innovative projects.

VERSES Technologies Inc. has partnered with SVT Robotics to enhance warehouse and distribution operations using AI and robotics. The collaboration will integrate SVT's SOFTBOT® Platform with VERSES' network operating system, KOSM™, enabling faster AI-powered robot deployment. This partnership aims to boost productivity and operational efficiency by creating a digital twin of facilities for real-time intelligence. Customers using this integrated system will have access to SVT’s AppLab and AppMonitor features for improved operational workflows.

VERSES Technologies Inc. (OTCQX: VRSSF) has partnered with ShareIntel Shareholder Services to enhance measures against illegal short selling, aiming to safeguard shareholder interests. This collaboration will allow VERSES to monitor trading activity, detect reporting anomalies, and ensure compliance with SEC regulations. Don Moody, General Counsel, emphasized that the initiative could increase shareholder value by addressing suspicious trading activities. ShareIntel’s tools will enhance corporate governance and regulatory compliance, further establishing VERSES' commitment to protect investors and ensure fair market conditions.

VERSES Technologies Inc. (OTCQX: VRSSF) has partnered with 686 Technical Apparel to enhance logistics within their distribution center using advanced AI technology. This collaboration aims to streamline warehouse operations by utilizing KOSM™, a network operating system designed for distributed intelligence, along with the VERSES WAYFINDER™ mobile app. The app is expected to boost picking performance, reduce errors, and improve the onboarding process. A live webinar scheduled for January 31, 2023, will provide further updates from Gabriel Rene, CEO of VERSES.

VERSES Technologies has announced a supplemental listing of up to 18,100,714 Class A subordinate voting share purchase warrants on the Neo Exchange (NEO) under the symbol 'VERS.WT.A'.

This follows the acceptance of an aggregate of 11,613,485 amended warrants, allowing holders to purchase Class A shares at $1.00 each until August 15, 2025. Additionally, 6,487,229 unlisted warrants may also become listed pending written consent from their holders. The company is actively engaging with warrant holders to encourage approval for the amendments, which would enhance the liquidity of the warrants.