VERSES AI INC Stock Price, News & Analysis

VERSES AI Inc. (OTCQB: VRSSD) has announced the pricing of its public offering of 1,007,764 units at US$6.946 (C$9.50) per unit, aiming to raise gross proceeds of US$7,000,331 (C$9,573,758).

Each unit consists of one Class A subordinate voting share and one-half of a share purchase warrant. Each whole warrant will be exercisable at US$8.409 (C$11.50) per share for 36 months. A.G.P. Canada Investments ULC is serving as lead agent, with A.G.P./Alliance Global Partners acting as U.S. agent.

The proceeds will be used to strengthen the company's financial position, fund research and development objectives, and provide working capital for general corporate purposes.

VERSES AI Inc. (OTCQB: VRSSD) has announced plans for a public offering of securities. The offering will be conducted on a reasonable best-efforts basis through lead agent A.G.P. Canada Investments ULC and U.S. agent A.G.P./Alliance Global Partners.

The company will file a preliminary and final prospectus supplement to its existing base shelf prospectus in Canadian provinces and territories (except Québec) and with the SEC. The specific terms, including pricing and securities to be offered, will be determined at pricing. The offering's completion is subject to market conditions and regulatory approvals, including CBOE approval.

VERSES AI (OTCQB: VRSSD) has been featured in Psychology Today, highlighting its innovative Genius™ cognitive computing model. The article, authored by Distinguished Fellow of the American Psychiatric Association Dr. Grant Hilary Brenner, emphasizes how VERSES' approach differs fundamentally from traditional Large Language Models (LLMs).

The Genius model, developed by computational psychiatrist Karl Friston and team, is specifically designed to mimic natural intelligence with built-in motivational systems that drive exploration, information seeking, and world model refinement. The technology aims to advance understanding of artificial consciousness through affective neuroscience.

VERSES AI (CBOE: VERS, OTCQB: VRSSD) has secured Algo8 as a new enterprise customer for its Genius platform. Algo8, an industrial AI company serving Fortune 500 and Global 2000 clients like Vedanta, Jindal Steel & Power, and Tata, will integrate Genius into their PlantBrain™ platform to enhance predictive capabilities.

The partnership aims to implement advanced features including predictive maintenance, demand forecasting, production planning, and energy optimization. Algo8 will also become a certified Genius reseller, expanding VERSES' market reach in industrial applications across energy, metals, automotive, healthcare, insurance, and pharmaceuticals sectors.

VERSES AI (VRSSF) has secured Kalosys, an AI-driven IT solutions provider, as an enterprise customer and future certified Genius reseller. Kalosys will leverage VERSES' Genius platform to enhance its Agent Factory solution, focusing on dynamic workforce scheduling and co-intelligence capabilities. The partnership aims to create an adaptive system that optimizes employee and expert assignment to tasks in real-time, considering changing priorities and constraints. Kalosys brings 20+ years of security and resilience experience and plans to expand its portfolio of over 30 secure AI agents. The collaboration targets improving resource utilization, project turnaround times, and cost efficiency in large-scale workforce management through VERSES' dynamic reasoning engine.

VERSES AI announced a 3:1 share consolidation of its Class A Subordinate Voting Shares, effective around June 23, 2025. The consolidation will reduce outstanding shares from 26,239,469 to approximately 8,746,490. Following the consolidation, the company's OTCQB ticker symbol will change to VRSSD. The consolidation, approved by the board on June 10, 2025, will adjust all outstanding convertible securities proportionally. Shareholders with physical certificates must submit them to Endeavor Trust Corporation for exchange, while direct registration system holders will receive updates automatically. No fractional shares will be issued, with amounts rounded to the nearest whole share.

VERSES AI (VRSSF) has selected Soothsayer Analytics as its first Certified Genius reseller and implementation partner, targeting global enterprise adoption of its cognitive computing system. Soothsayer, an AI consulting firm serving Fortune 1000 and Global 2000 clients including Ford Motor Company and Dow Chemical, will resell Genius through a joint go-to-market program, provide training and certification, and deliver implementation services. With enterprise AI spending projected to grow from $58B in 2025 to $474B by 2030 (52% CAGR), this partnership aims to accelerate Genius adoption globally. Soothsayer will also become a Genius Enterprise customer, leveraging its expertise to help enterprises deploy domain-specific AI solutions more rapidly.

VERSES AI announced that Analog, a physical intelligence company, will convert to a Genius Enterprise license following a successful smart cities mobility pilot. The pilot demonstrated Genius' ability to optimize ride-sharing fleet operations, achieving a 32% increase in completed rides. For a fleet of 400 vehicles on a two-shift model, this could translate to US$16 million in annual revenue increase. The collaboration will expand to include higher-value Smart City projects, focusing on energy management, logistics, autonomous inspection robots, and city-scale sensor fusion. Notably, Genius will be hosted within Analog's secure edge infrastructure in the UAE, enabling real-time decision-making while maintaining data control. This partnership aims to address the growing smart cities market, particularly in the Middle East, where Genius will help coordinate autonomous vehicles, sensors, drones, robotics, and smart grid systems.

VERSES AI's AXIOM digital brain architecture has garnered significant attention from major tech publications and industry experts. WIRED featured AXIOM as a novel alternative to traditional neural networks, highlighting its efficiency in video-game environments. François Chollet, creator of the ARC-AGI benchmark, praised AXIOM's original approach and its use of active inference. On the Gameworld 10K benchmark, AXIOM demonstrated superior performance, outperforming Google DeepMind's DreamerV3 by 60%, using 99% less compute power, and learning 39 times faster. Popular Mechanics featured AXIOM-powered Genius agents, emphasizing their ability to operate on minimal power and potential to redefine artificial intelligence. The recognition from these publications and industry experts positions VERSES as a potential leader in developing human-level AI through their innovative cognitive computing approach.