Welcome to our dedicated page for VERSES AI SEC filings (Ticker: VRSSF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The VERSES AI Inc. (VRSSF) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures, including Form 10‑Q quarterly reports and Form 8‑K current reports. VERSES is incorporated in British Columbia, Canada and files with the U.S. Securities and Exchange Commission in connection with its activities as a cognitive computing company focused on agentic software systems and its Genius™ enterprise intelligence platform.
In its Form 8‑K filings, VERSES reports material definitive agreements and financing transactions, such as non-brokered private placements of secured convertible debenture units and subscription agreements for units consisting of Class A Subordinate Voting Shares and warrants. These filings describe key terms including principal amounts, interest rates, maturity dates, conversion prices, warrant exercise prices, security interests over company assets, and sharing arrangements that determine periodic settlement tranches based on benchmark and volume‑weighted average prices. VERSES also uses 8‑K filings to disclose corporate actions like workforce reduction programs intended to strengthen liquidity, reduce costs, and support the commercialization of Genius.
Quarterly reports on Form 10‑Q, which VERSES notes are available on the SEC’s website, provide more detailed financial and operational information, including discussion of results and commentary on cost management and product commercialization. Investors can also review disclosures about unregistered sales of equity securities, exemptions relied upon under the U.S. Securities Act of 1933, and forward‑looking statements that outline risks such as market conditions, regulatory approvals, and timing of payments.
On Stock Titan, these filings are paired with AI-powered summaries that highlight the main points of lengthy documents, helping readers quickly understand new financing obligations, equity issuances, or operational changes. Real-time updates from EDGAR, along with coverage of Forms 10‑Q, 10‑K when filed, and Form 4 insider transaction reports, allow users to monitor how VERSES documents its financial structure, capital raising, and strategic decisions in its official SEC submissions.
Verses AI Inc. filed a notice that it will be late submitting its Quarterly Report on Form 10-Q for the three months ended December 31, 2025, citing recent management changes and the need for its interim CEO to complete his review. The company expects to file within the five-day extension allowed under SEC rules.
Preliminary figures show net revenue of $417,932 for the quarter, compared with $Nil a year earlier. Total expenses are expected to be about $4.1 million, with a net loss of roughly $4.0 million, down from total expenses and net loss of about $16.8 million in the prior-year quarter.
As of December 31, 2025, Verses AI anticipates cash of $67,954 and total assets of about $2.3 million, against total liabilities of roughly $15.5 million, resulting in shareholders’ deficiency of about $13.2 million. These estimates are preliminary and may change once the full financial statements are completed.
Verses AI Inc. received a Schedule 13G from Sorbie Investments LLP, which reports beneficial ownership of 1,233,334 Class A Subordinate Voting shares, representing 9.8% of that class. Sorbie has sole voting power over these shares but no sole or shared power to dispose of them.
Sorbie certifies the shares were not acquired and are not held to change or influence control of Verses AI, indicating a passive investment position rather than an activist stake.
SORBIE has disclosed a significant ownership position in Verses AI Inc. The investor reports beneficial ownership of 1,240,000 Class A subordinate voting shares, representing 9.8% of this class as of the event date of 11/06/2025.
SORBIE reports sole power to vote or direct the vote over all 1,240,000 shares, with no shared voting power. It also reports no sole or shared power to dispose of these shares, indicating limited control over selling decisions. The filing states the holdings were not acquired to change or influence control of Verses AI Inc.
VERSES AI Inc. reported significant leadership changes. Founders Gabriel René, Chief Executive Officer, and Dan Mapes, Global Brand Ambassador, resigned from all positions, including the board, effective February 8, 2026. The company states their resignations were for personal reasons and not due to disagreements with management or the board.
The board appointed director David T. Scott as Interim CEO on February 8, 2026 and has begun a search for a permanent CEO. The board also eliminated the Chief Accounting Officer role, terminated Kevin Wilson from that position and as Secretary, and designated Chief Financial Officer James Christodoulou as principal accounting officer.
In a related press release dated February 10, 2026, Scott emphasized shifting focus from research and development toward commercial products, a disciplined go-to-market strategy, and near-term revenue opportunities, particularly in financial services. The company noted ongoing cost-reduction and operational-efficiency initiatives and announced a webinar scheduled for February 17, 2026 to provide further details.
Verses AI Inc. filed a current report describing a new corporate action related to its employees. The company states that on January 16, 2026 it issued a press release announcing a workforce restructuring and reduction. This indicates changes to its staffing levels and organizational structure, though specific details are contained in the press release rather than this report.
The press release is included as Exhibit 99.1 to the filing and is incorporated by reference, meaning it is treated as part of the official disclosure. No additional financial metrics or operational details about the restructuring are provided in this excerpt.
Verses AI Inc. entered into a financing transaction by issuing 2,650 secured convertible debenture units to an accredited investor for aggregate principal of CAD$2,650,000, receiving CAD$2,400,000 in cash after fees. Each unit includes a 15% senior secured convertible debenture of CAD$1,000 and 164 share purchase warrants, for a total of 434,600 warrants. The debentures mature on December 18, 2027, pay 15% annual interest, and are convertible into Class A Subordinate Voting Shares at CAD$3.04 per share, with interest optionally payable in shares subject to Cboe Canada Inc. approval. Each warrant is exercisable for three years at CAD$7.00 per share. The debentures are secured by a first-ranking security interest over all present and after-acquired property and assets of the company, and the proceeds are expected to be used for general working capital.
VERSES AI Inc. entered into a structured financing on October 31, 2025 through a Subscription Agreement with Sorbie Bornholm LP and Sorbie Investments LLP. The company may receive a notional CAD$14,000,000 in a Sharing Arrangement Transaction in exchange for 2,333,334 units at CAD$6.00 per unit, plus CAD$700,000 at closing for an additional 140,000 units. Each unit includes one Class A Subordinate Voting Share and one-half warrant. A related Sharing Agreement provides 11 settlement tranches of $1,209,091 each, comparing a 20‑day volume‑weighted average price to a Benchmark Price of CAD$7.75, so actual cash the company receives per tranche varies with its share price. The Benchmark Price includes adjustment mechanisms if future share issuances occur below CAD$6.00 or via variable‑price programs. Separately, a Warrant Certificate gives the right to buy 616,667 Common Shares at CAD$7.00 per share until November 6, 2028. Net proceeds are intended for working capital and general corporate purposes, and the securities are issued outside the United States under Regulation S.
VERSES AI Inc. (VRSSF) filed its quarterly report for the period ended September 30, 2025. The company reported six‑month revenue of $400,700, primarily from SaaS recognized over contract duration, and a net loss of $19,505,901. Operating expenses were $19,640,713 for the six months.
Liquidity and balance sheet remain constrained. Cash and restricted cash were $1,209,908, total assets $3,640,241, and total liabilities $12,959,572, resulting in shareholders’ deficiency of $9,319,331. Operating cash outflow was $18,323,019 for the six months. Current liabilities include a provision for legal claim of $9,402,338 and an RSU liability of $1,776,600.
The company states that its ability to continue operations depends on obtaining additional financing and generating sufficient revenue, noting that these conditions raise substantial doubt about its ability to continue as a going concern. Class A Subordinate Voting Shares outstanding were 12,611,275 as of November 13, 2025.
VERSES AI Inc. filed an 8-K announcing two actions to bolster liquidity and streamline operations. The company initiated a workforce reduction program that includes targeted staff cuts, furloughs, and executive salary deferrals to align expenses with revenue growth objectives.
Additionally, VERSES arranged a private placement with institutional investors outside the United States for a notional amount of CAD$14,000,000. The deal comprises 2,333,334 units at CAD$6.00 per unit, each unit including one common share and one half of one warrant; each whole warrant is exercisable at CAD$7.00. Closing is subject to approval of Cboe Canada Inc. The company states that, together, the financing and cost actions are expected to lower the cost structure, extend cash runway, and support commercialization of Genius™.