VERSES AI Inc. Announces Proposed Public Offering of Securities
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 Inc. (OTCQB: VRSSD) ha annunciato l'intenzione di effettuare un'offerta pubblica di titoli. L'offerta sarà condotta su una base di migliori sforzi ragionevoli tramite l'agente principale A.G.P. Canada Investments ULC e l'agente statunitense A.G.P./Alliance Global Partners.
L'azienda presenterà un supplemento preliminare e finale al prospetto base esistente nelle province e territori canadesi (escluso il Québec) e alla SEC. I termini specifici, inclusi il prezzo e i titoli offerti, saranno definiti al momento della determinazione del prezzo. Il completamento dell'offerta dipenderà dalle condizioni di mercato e dalle approvazioni normative, inclusa quella della CBOE.
VERSES AI Inc. (OTCQB: VRSSD) ha anunciado planes para una oferta pública de valores. La oferta se llevará a cabo sobre una base de mejores esfuerzos razonables a través del agente principal A.G.P. Canada Investments ULC y el agente estadounidense A.G.P./Alliance Global Partners.
La compañía presentará un suplemento preliminar y final al prospecto base existente en las provincias y territorios canadienses (excepto Québec) y ante la SEC. Los términos específicos, incluyendo el precio y los valores a ofrecer, se determinarán en la fijación del precio. La finalización de la oferta está sujeta a las condiciones del mercado y a las aprobaciones regulatorias, incluida la aprobación de la CBOE.
VERSES AI Inc. (OTCQB: VRSSD)는 증권 공개 모집 계획을 발표했습니다. 이번 모집은 주요 대리인 A.G.P. Canada Investments ULC와 미국 대리인 A.G.P./Alliance Global Partners를 통해 합리적인 최선의 노력 기반으로 진행됩니다.
회사는 캐나다 퀘벡을 제외한 주 및 준주와 미국 증권거래위원회(SEC)에 기존 기본 서류에 대한 예비 및 최종 보충 설명서를 제출할 예정입니다. 구체적인 조건, 가격 및 제공될 증권은 가격 결정 시 확정됩니다. 모집 완료는 시장 상황과 규제 승인, 특히 CBOE 승인을 조건으로 합니다.
VERSES AI Inc. (OTCQB : VRSSD) a annoncé son projet d'offre publique de titres. L'offre sera réalisée sur une base de meilleurs efforts raisonnables par l'intermédiaire de l'agent principal A.G.P. Canada Investments ULC et de l'agent américain A.G.P./Alliance Global Partners.
La société déposera un supplément préliminaire et final au prospectus de base existant dans les provinces et territoires canadiens (à l'exception du Québec) ainsi qu'à la SEC. Les modalités spécifiques, y compris le prix et les titres proposés, seront déterminées lors de la fixation du prix. La réalisation de l'offre dépendra des conditions du marché et des approbations réglementaires, notamment celle du CBOE.
VERSES AI Inc. (OTCQB: VRSSD) hat Pläne für ein öffentliches Wertpapierangebot angekündigt. Das Angebot wird auf vernünftiger Best-Efforts-Basis über den Hauptagenten A.G.P. Canada Investments ULC und den US-Agenten A.G.P./Alliance Global Partners durchgeführt.
Das Unternehmen wird einen vorläufigen und endgültigen Prospektergänzung zu seinem bestehenden Basisprospekt in den kanadischen Provinzen und Territorien (außer Québec) sowie bei der SEC einreichen. Die genauen Bedingungen, einschließlich Preis und angebotener Wertpapiere, werden bei der Preisfestsetzung bestimmt. Der Abschluss des Angebots hängt von den Marktbedingungen und behördlichen Genehmigungen, einschließlich der CBOE-Zulassung, ab.
- Potential to raise additional capital for business operations
- Expansion of investor base through public offering
- Dual-market approach targeting both Canadian and U.S. investors
- Potential dilution for existing shareholders
- Uncertainty regarding offering terms and completion
- Market conditions may affect pricing and success of the offering
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) (“VERSES” or the “Company”) is pleased to announce that it intends to offer and sell securities in an agency public offering to be undertaken on a reasonable best-efforts basis (the “Offering”).
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”).
A.G.P. Canada Investments ULC (“A.G.P. Canada”) is acting as lead agent for the Offering. A.G.P./Alliance Global Partners (“A.G.P. US”) is acting as U.S. agent in the Offering.
In connection with the Offering, the Company intends to file a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) and a subsequent prospectus supplement (the “Final Prospectus Supplement”) to its short form base shelf prospectus receipted on September 26, 2024 (the “Base Shelf Prospectus”) in each of the provinces and territories of Canada, other than Québec, relating to the proposed Offering. The Preliminary Prospectus Supplement and Final Prospectus Supplement will also be filed with the U.S. Securities and Exchange Commission (the “SEC”) as part of the Company’s U.S. registration statement on Form F-10, declared effective by the SEC on October 1, 2024 (File No. 333-282301) (as amended, the “Registration Statement”), which includes the Base Shelf Prospectus.
The Base Shelf Prospectus is, and the Preliminary Prospectus Supplement and Final Prospectus Supplement will be, accessible on SEDAR+ at www.sedarplus.com. The Registration Statement, including the Base Shelf Prospectus is, and the Preliminary Prospectus Supplement and Final Prospectus Supplement will be, accessible in the United States on EDGAR at www.sec.gov.
An electronic or paper copy of the Base Shelf Prospectus, the Preliminary Prospectus Supplement (when filed), and the Final Prospectus Supplement (when filed), and any amendment to such documents may be obtained without charge, from A.G.P. Canada, 5063 North Service Road, Suite 100, Office 74, Burlington, Ontario L7L 5H6, by email to Info@alliancegcanada.ca, Attention: Investment Banking, and can be obtained from A.G.P. US at 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com, and by providing the contact with an email address or address, as applicable. The Base Shelf Prospectus, the Preliminary Prospectus and Final Prospectus Supplement (when filed) contain or will contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus, the Preliminary Prospectus Supplement and Final Prospectus Supplement (when filed) 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
press@verses.io
Media and Investor Relations 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 June 30, 2025 available for review on the Company’s profile at www.sedarplus.ca and filed as an exhibit to the Registration Statement and the heading “Risk Factors” in the Preliminary Prospectus and Final Prospectus (when filed) with the SEC at www.sec.gov.
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.
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.
FAQ
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