Verses AI Inc. Announces Proposed Public Offering of Securities
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 ha annunciato un'offerta pubblica proposta di titoli sia in Canada che negli Stati Uniti. L'offerta sarà effettuata secondo il prospetto base dell'azienda a partire dal 26 settembre 2024 in Canada e tramite una dichiarazione di registrazione statunitense sul Modulo F-10, valida dal 1° ottobre 2024.
I termini specifici, inclusi il prezzo e i titoli da offrire, saranno definiti al momento della determinazione del prezzo. Il completamento dell'offerta dipende dalle condizioni di mercato e dalle approvazioni necessarie, inclusa quella del CBOE. Non vi è alcuna garanzia riguardo i tempi, il completamento, la dimensione o le condizioni dell'offerta.
Il prospetto base e i documenti correlati sono disponibili su SEDAR+ per gli investitori canadesi e su EDGAR per quelli statunitensi.
Verses AI ha anunciado una oferta pública propuesta de valores tanto en Canadá como en Estados Unidos. La oferta se realizará bajo el prospecto base de la empresa a partir del 26 de septiembre de 2024 en Canadá y mediante una declaración de registro estadounidense en el Formulario F-10, vigente desde el 1 de octubre de 2024.
Los términos específicos, incluyendo el precio y los valores a ofrecer, se determinarán en el momento de la fijación del precio. La finalización de la oferta está sujeta a las condiciones del mercado y a las aprobaciones necesarias, incluida la aprobación del CBOE. No hay garantía respecto al momento, la finalización, el tamaño o los términos de la oferta.
El prospecto base y los documentos relacionados están disponibles en SEDAR+ para los inversores canadienses y en EDGAR para los inversores estadounidenses.
Verses AI는 캐나다와 미국에서 증권 공개 매출을 제안했다고 발표했습니다. 이 매출은 2024년 9월 26일부터 캐나다에서 회사의 기본 선반 설명서에 따라 진행되며, 2024년 10월 1일부터 유효한 미국의 F-10 양식 등록 명세서에 따라 진행됩니다.
가격 책정 시점에 가격 및 제공될 증권을 포함한 구체적인 조건이 결정됩니다. 매출 완료는 시장 상황과 CBOE 승인 등 필요한 승인에 따라 달라집니다. 매출의 시기, 완료, 규모 또는 조건에 대해서는 보장이 없습니다.
기본 선반 설명서 및 관련 문서는 캐나다 투자자를 위해 SEDAR+에서, 미국 투자자를 위해 EDGAR에서 확인할 수 있습니다.
Verses AI a annoncé une offre publique proposée de titres au Canada et aux États-Unis. L'offre sera réalisée selon le prospectus de base de la société à partir du 26 septembre 2024 au Canada et via une déclaration d'enregistrement américaine sur le formulaire F-10, effective à partir du 1er octobre 2024.
Les conditions spécifiques, y compris le prix et les titres à offrir, seront déterminées au moment de la fixation du prix. La réalisation de l'offre est soumise aux conditions du marché et aux approbations nécessaires, y compris celle du CBOE. Il n'y a aucune garantie quant au calendrier, à la réalisation, à la taille ou aux conditions de l'offre.
Le prospectus de base et les documents associés sont disponibles sur SEDAR+ pour les investisseurs canadiens et sur EDGAR pour les investisseurs américains.
Verses AI hat ein vorgeschlagenes öffentliches Wertpapierangebot sowohl in Kanada als auch in den Vereinigten Staaten angekündigt. Das Angebot wird ab dem 26. September 2024 in Kanada gemäß dem Basisprospekt des Unternehmens und ab dem 1. Oktober 2024 gemäß einer US-Registrierungserklärung auf Formular F-10 durchgeführt.
Die genauen Bedingungen, einschließlich Preisgestaltung und angebotener Wertpapiere, werden zum Zeitpunkt der Preisfestsetzung bestimmt. Der Abschluss des Angebots hängt von den Marktbedingungen und den erforderlichen Genehmigungen, einschließlich der Genehmigung durch die CBOE, ab. Es gibt keine Garantie hinsichtlich des Zeitpunkts, des Abschlusses, der Größe oder der Bedingungen des Angebots.
Der Basisprospekt und die zugehörigen Dokumente sind für kanadische Anleger auf SEDAR+ und für US-Anleger auf EDGAR verfügbar.
- Dual-market offering provides access to both U.S. and Canadian investors
- Company has secured necessary regulatory filings in both markets
- Potential dilution of existing shareholders through new securities issuance
- Uncertainty regarding the size and terms of the offering
- No guarantee of successful completion of the offering
VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- Verses AI Inc. (CBOE: VERS)(OTCQB: VRSSD) (“Verses” or the “Company”) is pleased to announce an offering (the “Offering”) of securities in Canada under the base shelf prospectus of the Company receipted on September 26, 2024 (the “Base Shelf Prospectus”) and in the United States pursuant to a U.S. registration statement on Form F-10, declared effective by the U.S. Securities and Exchange Commission on October 1, 2024 (File No. 333-282301) (the “Registration Statement”), which includes the Base Shelf Prospectus.
The Offering is expected to be priced in the context of the market, with the final terms of the Offering, including the specific securities to be offered, to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering remains subject to market and other customary conditions, including but not limited to, the receipt of all necessary approvals, including the approval of Cboe Canada Inc. (“CBOE”).
The Base Shelf Prospectus is, and any amendments or supplements to the Base Shelf Prospectus will be, accessible in Canada on SEDAR+ at www.sedarplus.ca. The Registration Statement, including the Base Shelf Prospectus, is available in the United States on EDGAR at www.sec.gov. Prospective investors should read the Base Shelf Prospectus, any prospectus supplement(s) to the Base Shelf Prospectus (when filed), and the other documents the Company has filed on SEDAR+, as well as the Base Shelf Prospectus and the Registration Statement the Company has filed on EDGAR before making an investment decision.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
About VERSES
VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of nature.
On Behalf of the Company
Gabriel René
VERSES AI Inc.
Co-Founder & CEO
Investor Relations and Media Inquiries
James Christodoulou
Chief Financial Officer
Verses AI Inc.
IR@Verses.ai
(212) 970-8889
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the Company's ability to either price or complete the Offering, and the receipt of all necessary approvals, including the approval of CBOE.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to obtain all necessary approvals for the Offering and the timing thereof. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Verses to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Offering will not be completed on the timetable anticipated or at all, that the Company will not be able to price the Offering, that the Company will not obtain all necessary approvals, including the approval of CBOE and applicable securities regulatory authorities, and that the volatility of global capital markets will impact the Offering and the development of the Company’s business, as well as the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated July 2, 2024 available for review on the Company’s profile at www.sedarplus.ca and filed as an exhibit to the Registration Statement.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Prospective investors should read the Base Shelf Prospectus and the documents incorporated by reference therein, which are available on both SEDAR+ at www.sedarplus.ca. and on EDGAR at www.sec.gov before making an investment decision.
The CBOE has not approved or disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.
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