VERSES® Announces Closing of C$9,573,758 (US$7,000,331) Public Offering of Units
VERSES AI (OTCQB:VRSSD) has successfully completed its public offering, raising C$9.57 million (US$7.00 million) through the sale of 1,007,764 units at C$9.50 (US$6.946) per unit. Each unit consists of one Class A Subordinate Voting Share and half a warrant, with each full warrant exercisable at C$11.50 for 36 months.
The offering was led by A.G.P. Canada Investments ULC and A.G.P./Alliance Global Partners. The company paid C$450,000 in cash commissions and issued 35,271 compensation warrants to the agents. Additionally, a financial advisor received US$250,000 (C$341,904) and 75,000 corporate finance fee warrants.
The proceeds will be used to strengthen VERSES' financial position, fund research and development objectives, and provide working capital for general corporate purposes.
VERSES AI (OTCQB:VRSSD) ha completato con successo la sua offerta pubblica, raccogliendo 9,57 milioni di C$ (7,00 milioni di US$) tramite la vendita di 1.007.764 unità a 9,50 C$ (6,946 US$) per unità. Ogni unità comprende una azione di Classe A con diritto di voto subordinato e mezza warrant, con ogni warrant intero esercitabile a 11,50 C$ per 36 mesi.
L'offerta è stata guidata da A.G.P. Canada Investments ULC e A.G.P./Alliance Global Partners. La società ha pagato 450.000 C$ in commissioni in contanti e ha emesso 35.271 warrant di compensazione agli agenti. Inoltre, un consulente finanziario ha ricevuto 250.000 US$ (341.904 C$) e 75.000 warrant per commissioni di finanza aziendale.
I proventi saranno utilizzati per rafforzare la posizione finanziaria di VERSES, finanziare gli obiettivi di ricerca e sviluppo e fornire capitale operativo per scopi aziendali generali.
VERSES AI (OTCQB:VRSSD) ha completado con éxito su oferta pública, recaudando 9,57 millones de C$ (7,00 millones de US$) mediante la venta de 1.007.764 unidades a 9,50 C$ (6,946 US$) por unidad. Cada unidad consta de una acción subordinada de Clase A con derecho a voto y media warrant, siendo cada warrant completo ejercitable a 11,50 C$ durante 36 meses.
La oferta fue liderada por A.G.P. Canada Investments ULC y A.G.P./Alliance Global Partners. La compañía pagó 450.000 C$ en comisiones en efectivo y emitió 35.271 warrants de compensación a los agentes. Además, un asesor financiero recibió 250.000 US$ (341.904 C$) y 75.000 warrants por honorarios de finanzas corporativas.
Los fondos se utilizarán para fortalecer la posición financiera de VERSES, financiar los objetivos de investigación y desarrollo, y proporcionar capital de trabajo para propósitos corporativos generales.
VERSES AI (OTCQB:VRSSD)는 1,007,764 단위를 단위당 9.50 캐나다 달러(6.946 미국 달러)에 판매하여 957만 캐나다 달러(700만 미국 달러)를 성공적으로 공모했습니다. 각 단위는 클래스 A 하위 의결권 주식 1주와 워런트 0.5개로 구성되며, 각 전체 워런트는 11.50 캐나다 달러에 36개월간 행사 가능합니다.
이번 공모는 A.G.P. Canada Investments ULC와 A.G.P./Alliance Global Partners가 주도했습니다. 회사는 45만 캐나다 달러의 현금 수수료를 지급하고, 에이전트에게 35,271개의 보상 워런트를 발행했습니다. 또한, 재무 자문에게는 25만 미국 달러(341,904 캐나다 달러)와 75,000개의 기업금융 수수료 워런트를 지급했습니다.
조달된 자금은 VERSES의 재무 상태 강화, 연구 및 개발 목표 자금 조달, 그리고 일반 기업 운영 자본으로 사용될 예정입니다.
VERSES AI (OTCQB:VRSSD) a réussi son offre publique, levant 9,57 millions de C$ (7,00 millions de US$) grâce à la vente de 1 007 764 unités à 9,50 C$ (6,946 US$) par unité. Chaque unité comprend une action subordonnée de classe A avec droit de vote et une demi-warrant, chaque warrant complet étant exerçable à 11,50 C$ pendant 36 mois.
L'offre a été dirigée par A.G.P. Canada Investments ULC et A.G.P./Alliance Global Partners. La société a payé 450 000 C$ en commissions en espèces et émis 35 271 warrants de compensation aux agents. De plus, un conseiller financier a reçu 250 000 US$ (341 904 C$) et 75 000 warrants de frais de finance d'entreprise.
Les fonds seront utilisés pour renforcer la position financière de VERSES, financer les objectifs de recherche et développement, et fournir du fonds de roulement pour les besoins généraux de l'entreprise.
VERSES AI (OTCQB:VRSSD) hat erfolgreich sein öffentliches Angebot abgeschlossen und dabei 9,57 Millionen C$ (7,00 Millionen US$) durch den Verkauf von 1.007.764 Einheiten zu je 9,50 C$ (6,946 US$) pro Einheit eingenommen. Jede Einheit besteht aus einer Klasse A nachrangigen stimmberechtigten Aktie und einer halben Bezugsrecht, wobei jedes volle Bezugsrecht zu 11,50 C$ über 36 Monate ausübbar ist.
Das Angebot wurde von A.G.P. Canada Investments ULC und A.G.P./Alliance Global Partners geleitet. Das Unternehmen zahlte 450.000 C$ an Barprovisionen und gab 35.271 Vergütungsoptionsscheine an die Vermittler aus. Zusätzlich erhielt ein Finanzberater 250.000 US$ (341.904 C$) und 75.000 Optionsscheine für Unternehmensfinanzierungsgebühren.
Die Erlöse werden verwendet, um die finanzielle Position von VERSES zu stärken, Forschungs- und Entwicklungsziele zu finanzieren und Betriebskapital für allgemeine Unternehmenszwecke bereitzustellen.
- Successfully raised C$9.57 million to strengthen financial position
- 36-month warrants provide potential additional future capital at C$11.50 per share
- Broad distribution across Canada and US markets through major investment banks
- Significant fees and warrant issuance to agents and advisors totaling over C$791,904 plus warrants
- Potential future dilution from exercise of warrants and compensation warrants
VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSD) ("VERSES'' or the "Company”), a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce that it has closed its previously announced public offering of 1,007,764 units (the “Units”) of the Company at a price of C
Each Unit is comprised of one Class A Subordinate Voting Share of the Company (a “Share”) and one-half of one Share purchase warrant (each whole Share purchase warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Share of the Company (a “Warrant Share”) at an exercise price of C
The net proceeds of the Offering are intended to strengthen the Company's financial position and provide liquidity to finance continuing operations, including, in particular, the Company's expenses incurred, and expected to be incurred, in connection with the Company's research and development objectives, and for working capital and general corporate purposes.
In connection with the Offering, the Company paid the Agents a cash commission of C
The Offering was completed in Canada pursuant to a prospectus supplement dated July 9, 2025 (the “Supplement”) to the Company’s base shelf prospectus receipted on September 26, 2024 (the "Base Shelf Prospectus"). The Supplement was filed with the securities commissions in all of the provinces and territories of Canada, except Quebec, and with the U.S. Securities and Exchange Commission (the “SEC”) in the United States. Copies of the Supplement and the Base Shelf Prospectus can be obtained on SEDAR+ at www.sedarplus.ca. The Offering was conducted in the United States pursuant to a 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 Registration Statement, including the Base Shelf Prospectus, as well as the Supplement are available in the United States on EDGAR at www.sec.gov.
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.
References to “US$” are to United States dollars and references to or “C$” are to Canadian dollars. On July 8, 2025, the noon buying rate as reported by the Bank of Canada for the conversion of one Canadian dollar into United States dollars was C
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, Founder & CEO, VERSES AI Inc.
Press Inquiries: press@verses.ai
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 contains "forward-looking information" and “forward-looking statements” under applicable securities laws. All information that addresses activities or developments that we expect to occur in the future is forward-looking information. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In this news release, such forward-looking statements include, but are not limited to, statements regarding the anticipated use of proceeds from the Offering. Actual results may differ materially from those set forth in this news release due to known and unknown risks and uncertainties affecting the Company, including the risks detailed in the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events or results or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein.
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
How much did VERSES AI (VRSSD) raise in their July 2025 public offering?
What is the exercise price and term of VERSES AI's offering warrants?
How will VERSES AI use the proceeds from the July 2025 offering?
What fees did VERSES AI pay for the public offering?
Where are VERSES AI shares currently trading?
