VERSES® Announces Closing of Second Tranche of Private Placement Offering of Units
Rhea-AI Summary
VERSES AI (VRSSD) closed a second tranche of a non-brokered private placement, issuing 473,500 Units at C$0.75 each for gross proceeds of C$355,125 (US$257,318).
Together with the prior tranche, the Company raised aggregate gross proceeds of C$1,100,930 (US$797,717) and extinguished C$132,300 (US$95,863) of liabilities through issuance of 1,644,307 Units. Each Unit includes one Share and one-half Warrant; Warrants exercise at C$1.00 per Share for 24 months. Finder fees of C$10,410 and 29,880 finder warrants were issued. Proceeds are intended to strengthen liquidity, fund R&D, working capital, and general corporate purposes. All securities carry a statutory four-month hold.
AI-generated analysis. Not financial advice.
Positive
- Gross proceeds of C$1,100,930
- Extinguished C$132,300 of liabilities
- Raised cash to fund R&D and operations
- Issued 1,644,307 Units to strengthen liquidity
Negative
- Potential share overhang from Warrants exercisable at C$1.00 for 24 months
- Issued 29,880 finder warrants, adding dilution risk
- Finder fees paid of C$10,410 reducing net proceeds
News Market Reaction – VRSSF
On the day this news was published, VRSSF gained 1.87%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
VRSSF rose 4.41% while peers showed mixed, mostly modest moves: GOAI up 3.25%, DDOSF up 0.93%, RMXI down 1.16%, others flat. No peers appeared in the momentum scanner, pointing to a company-specific move around this financing.
Previous Private placement,offering Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 16 | Private placement close | Negative | -2.3% | Closed first tranche of non-brokered unit financing with warrants attached. |
The only prior tagged private placement in this period saw a modest negative reaction, suggesting past equity raises were met with some selling pressure.
Over recent months VERSES has combined cost-cutting and funding efforts with governance and strategic changes. A January 16, 2026 restructuring cut headcount by about 50% to reduce operating costs and improve liquidity. On February 10, 2026, founders departed and an Interim CEO was appointed amid a focus on commercialization and efficiency. A March 16, 2026 non-brokered private placement raised C$745,805 cash and extinguished C$132,300 in liabilities, after which the stock fell 2.28%. Today’s second-tranche closing extends that same financing structure.
Historical Comparison
In the past 6 months VERSES had 1 similar private placement headline, with an average 1-day move of -2.28%. Today’s follow-on tranche extends that same financing path.
The company progressed from a first non-brokered unit private placement closed on Mar 16, 2026 to a second tranche on Mar 27, 2026, maintaining the C$0.75 unit pricing and C$1.00 warrant structure.
Market Pulse Summary
This announcement details completion of a second tranche of a non-brokered unit financing, adding 473,500 units at C$0.75 for gross proceeds of C$355,125 and bringing the aggregate Offering to 1,644,307 units. Each unit includes a share and half-warrant exercisable at C$1.00 for 24 months. In light of previously disclosed tight liquidity and going-concern risk, investors may track how these funds support R&D, working capital, and progress toward scaling recurring revenue from the company’s core software platform.
Key Terms
non-brokered private placement financial
statutory hold period regulatory
regulation s regulatory
finder warrants financial
AI-generated analysis. Not financial advice.
VANCOUVER, British Columbia, March 27, 2026 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce that it has completed a second tranche of its non-brokered private placement through the issuance of 473,500 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 second tranche of the Offering, the Company paid aggregate cash finders’ fees of C
All securities issued under the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.
None of the Units nor the underlying Shares and Warrants that were offered and sold in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and none of the Shares, Warrants, or Shares issuable upon exercise of the Warrants may be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable state securities laws or an applicable exemption from such registration requirements.
This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, the Units in the United States, and shall not constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This news release is being issued pursuant to and in accordance with Rule 135c under the U.S. Securities Act.
References to “US$” are to United States dollars and references to or “C$” are to Canadian dollars. On March 25, 2026, the daily average exchange 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 agentic systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at verses.ai, LinkedIn and X.
On behalf of the Company
David Scott, CEO, VERSES AI Inc.
Press Inquiries: press@verses.ai
Investor Relations Inquiries
James Christodoulou, Chief Financial Officer
IR@verses.ai, +1(212)970-8889
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements which constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the intended use of proceeds from the Offering.
The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the net proceeds from the Offering will be sufficient to fund the Company's intended activities; the Company will be able to execute on its research and development objectives as planned; and general business, market and economic conditions will not materially change. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company's ability to successfully implement its business plan and achieve its research and development objectives; changes in general economic and market conditions; the Company's ability to maintain sufficient working capital and liquidity; dependence on key personnel and the ability to attract and retain qualified employees; competition from other companies in the Company's industry; and other risks detailed from time to time in the filings made by the Company in accordance with securities regulations. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
