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) is a cognitive computing company that regularly issues news and updates about its agentic software systems, enterprise intelligence platform Genius™, and related research and financing activities. Its news flow reflects developments in areas such as product commercialization, research milestones, spatial AI, and capital raising.
Investors and observers following VERSES news can expect announcements about financing arrangements, including private placements and secured convertible debenture offerings, where the company outlines terms such as interest rates, conversion prices, warrant structures, and intended use of proceeds for working capital and general corporate purposes. VERSES also reports on corporate initiatives such as workforce reduction programs designed to strengthen liquidity, streamline operations, and align expenses with revenue objectives.
On the technology side, VERSES issues news about Genius adoption across multiple industries, describing use cases in advertising and media, aviation, consulting, customer relationship management, manufacturing, financial services, legal services, environment and sustainability, and oil and gas. The company highlights collaborations with enterprises and resellers, as well as projects such as developing an active inference causal model of financial markets for a major global investment firm.
VERSES’ news releases also cover research and recognition in fields like spatial AI, world models, and robotics. Examples include being named as a sample vendor in a Gartner Emerging Tech Impact Radar report, sponsoring the International Workshop on Active Inference, and unveiling a robotics architecture that performs household-style tasks without pre-training. For those tracking VRSSF, this news page offers a centralized view of the company’s disclosed business developments, research activities, and financing events over time.
VERSES has officially launched its flagship product Genius, a cognitive computing solution designed for enterprise-level Agentic Intelligence. The commercial launch marks VERSES' transition from research-led to revenue-driven operations.
The company is introducing flexible pricing models, including consumption-based, performance-based, and enterprise licenses. Genius targets machine learning and data science professionals, offering enhanced features such as intelligent agents, a model editor, APIs, and a developer portal.
Key highlights:
- Thousands of developers already on waitlist
- Beta partners include companies in financial services, healthcare, consulting, and software development
- Designed to solve domain-specific enterprise challenges
- Features include modeling wizard for building, validating, and training models
- Focuses on solving problems involving ambiguity, novelty, or uncertainty
The launch aligns with Gartner's prediction that 50% of AI models will be domain-specific by 2027.
VERSES AI has successfully closed its public offering, raising US$7.9 million (C$11.0 million) through the sale of 2,750,000 units at US$2.88 (C$4.00) per unit. Each unit includes one Class A Subordinate Voting Share and half a share purchase warrant.
Key highlights:
- Each warrant allows purchase of one share at US$3.60 (C$5.00) within 36 months
- The offering was led by A.G.P. Canada Investments ULC, Clear Street LLC, and A.G.P./Alliance Global Partners
- Agents receive up to 7% cash commission and 3.5% compensation warrants, reduced to 2% for company-identified subscribers
The funds will strengthen VERSES' financial position, supporting:
- Research and development initiatives
- Working capital needs
- General corporate purposes
The company's shares trade on Cboe Canada (VERS) and OTCQB (VRSSF).
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.