Welcome to our dedicated page for VERSES AI news (Ticker: VRSSF), a resource for investors and traders seeking the latest updates and insights on VERSES AI stock.
VERSES AI Inc (VRSSF) drives innovation in cognitive computing through its Genius platform, enabling autonomous intelligent systems for smart cities, telecom, and enterprise solutions. This page aggregates official announcements, strategic developments, and operational updates critical for understanding the company's trajectory in artificial intelligence.
Access curated press releases covering product launches, research milestones, and partnership agreements. Investors will find earnings reports and management commentary, while industry observers gain insights into emerging applications of active inference technology across sectors like urban mobility and fraud prevention.
All content undergoes strict verification to ensure accuracy and relevance. New visitors can explore foundational updates about Genius platform capabilities, while returning users benefit from chronological organization of material. Key coverage areas:
Technology Innovations: Platform enhancements, research breakthroughs
Strategic Alliances: Edge computing collaborations, smart city projects
Operational Updates: Leadership changes, financial disclosures
Bookmark this page or check regularly for the latest verified information about VERSES AI's contributions to explainable AI and cognitive systems development.
Verses AI Inc (CBOE: VERS) (OTCQB: VRSSD) has announced the pricing of its public offering of 2,750,000 units at US$2.88 (C$4.00) per unit, aiming to raise gross proceeds of US$7.92 million (C$11 million).
Each unit comprises one Class A subordinate voting share and half of one share purchase warrant. Each whole warrant will be exercisable at US$3.60 (C$5.00) per share for 36 months from issuance. The offering is conducted in Canada under the base shelf prospectus and in the US through Form F-10.
The net proceeds will strengthen the company's financial position, fund research and development objectives, and provide working capital. A.G.P. Canada Investments ULC serves as lead agent, while Clear Street and A.G.P./Alliance Global Partners act as US agents.
Verses AI has announced a proposed public offering of securities in both Canada and the United States. The offering will be conducted under the company's base shelf prospectus from September 26, 2024 in Canada and a U.S. registration statement on Form F-10 effective October 1, 2024.
The specific terms, including pricing and securities to be offered, will be determined at the time of pricing. The completion of the offering is subject to market conditions and necessary approvals, including CBOE approval. There is no guarantee regarding the timing, completion, size, or terms of the offering.
The base shelf prospectus and related documents are available on SEDAR+ for Canadian investors and EDGAR for U.S. investors.
VERSES AI (OTCQB:VRSSD) has announced key leadership changes, with James Hendrickson being promoted to President and Chief Operating Officer (COO). Hendrickson, who brings experience from both Honeywell and Berkshire Grey, will focus on scaling operations as the company prepares for the commercial launch of its Genius™ platform.
The company's founder Dan Mapes will transition from his role as President to become President Emeritus and Director of Global Development, where he will continue working with global partners to advance VERSES' mission. CEO Gabriel René expressed confidence in Hendrickson's leadership, particularly highlighting his experience in scaling tech operations and his background with both large enterprises and startups.
VERSES AI (CBOE:VERS, OTCPK:VRSSD) has announced that its Class A Subordinate shares began trading on the OTCQB market under the new symbol 'VRSSD' on March 27th, 2025. This change is part of multiple initiatives the cognitive computing company is implementing as it prepares for a potential Nasdaq uplisting.
The company notes that the Nasdaq listing is subject to application approval and meeting specific pricing and financing conditions, with no guarantee of approval or timely satisfaction of listing requirements.
VERSES AI (OTCQB:VRSSF) has announced a significant share consolidation as part of its strategy to uplist to the Nasdaq Capital Market. The consolidation will be executed on a 9:1 basis, reducing the current 211,290,407 Subordinate Voting Shares to approximately 23,476,711 shares.
The consolidation, approved by the board on March 3, 2025, aims to increase the per-share price to meet Nasdaq's initial listing requirements. Trading on a post-consolidation basis on Cboe Canada is expected to begin around March 27, 2025, with new CUSIP number 92539Q406 and ISIN CA92539Q4060.
The company believes the Nasdaq uplisting will enhance visibility, provide access to larger capital pools, attract diverse global shareholders, and improve liquidity. Additionally, VERSES announced leadership changes, with James Christodoulou appointed as CFO and Kevin Wilson transitioning to Chief Accounting Officer while maintaining his Secretary position.
VERSES AI (OTCQB:VRSSF) has announced a commercial partnership with AI Driller, a leading AI solutions provider for the oil and gas industry. AI Driller has joined VERSES' Genius commercial program to enhance their drilling and completions solutions platform.
The partnership aims to integrate VERSES' Genius technology with AI Driller's existing solutions to improve drilling operations through enhanced predictive capabilities. AI Driller serves various clients including global oil and gas companies, independent operators, and drilling contractors.
The collaboration will proceed in phases, with phase 1 focusing on building and testing Genius Agents for high-value drilling use cases. Upon successful completion, both companies plan to establish a reseller agreement to provide Genius technology to AI Driller's global customer base.
VERSES AI (OTCQB:VRSSF) has showcased its smart building energy optimization technology at the invite-only Turing Grand Challenge at AI UK 2025. The exhibition, titled 'EcoNet: a Multi-Agent Active Inference System for Urban Energy Optimisation,' demonstrates how multiple AI agents can collaborate to optimize building energy management.
The system goes beyond traditional rule-based energy control by considering variables such as hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions, and room occupancy. According to the US Department of Energy, buildings account for 40% of global energy consumption, with approximately one-third wasted, resulting in $150 billion in annual losses.
The project, developed in collaboration with University College London (UCL), aims to address environmental and sustainability objectives by managing energy use effectively through autonomous multi-agent coordination. The technology is applicable across various scales, from studio apartments to skyscrapers and industrial buildings.
VERSES AI (OTCQB:VRSSF) has announced its participation in the upcoming 37th Annual ROTH Conference in Dana Point, CA, scheduled for March 16-18th, 2025. CEO Gabriel René will be featured on the panel 'AI - Life After Deepseek: AI CEO's Speak' on March 18th from 8:00am-8:55am PT, alongside CFO James Christodoulou.
The conference will showcase approximately 450 private and public companies through various formats including:
- One-on-one meetings
- Small group meetings
- Analyst-selected fireside chats
- Industry keynotes and panels
The event covers multiple growth sectors including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, and Technology, Media & Entertainment. A live audio webcast and replay of the panel will be available through the conference website and VERSES.AI investor relations section.
VERSES AI (OTCQB:VRSSF) announces the conversion of convertible debentures held by G42, a UAE-based AI technology group, into company units. The conversion stems from G42's June 2024 US$10 million investment through its subsidiary EPTH, which was initially structured as unsecured convertible debenture units.
The conversion was executed at C$1.20 per Conversion Unit, with each unit comprising one Class A Subordinate Voting Share and half a share purchase warrant. The original debentures carried a 10% annual interest rate. The Conversion Warrants are exercisable for three years at C$1.96 per share.
VERSES AI (OTCQB:VRSSF) has appointed James Christodoulou as Chief Financial Officer, with former CFO Kevin Wilson transitioning to Executive Vice President - Finance and Accounting. Christodoulou brings extensive experience from various sectors including FINTECH, EV Mobility, and Logistics, with notable achievements in capital markets.
Christodoulou's recent positions include Head of Capital Markets at Exodus Movement, where he facilitated the company's billion-dollar NYSE uplisting, and Director of Finance at Collectable Technologies Inc. His track record includes successful capital raises of $280 million at Blink Charging Co. and leading multiple IPOs totaling over $547 million across various companies.
The appointment aligns with VERSES' transition into its commercial growth phase, leveraging Christodoulou's expertise in capital markets and scaling businesses. He holds a BA from Rutgers University, an MBA from Columbia Business School, and various FINRA certifications.
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