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.
VERSES AI Inc. filings document its cognitive computing business, public reporting obligations and capital-structure activity. Registration statements and periodic reports describe the company’s agentic software business, operating results, risk factors and securities, while Form 8-K reports cover private placements, unregistered sales of equity securities, Class A Subordinate Voting Shares, warrants and exhibits tied to offering documents.
Other filings cover governance and public-company communications, including officer compensation arrangements, stock options, restricted stock units under the Omnibus Equity Incentive Plan, Regulation FD materials, earnings-call materials, quarterly-report notices and late-filing notifications. The record also documents the company’s British Columbia corporate jurisdiction and OTCQB-traded VRSSF security context.
VERSES AI Inc. disclosed that Chief Financial Officer and Chief Accounting Officer James Christodoulou resigned effective June 26, 2026, and Interim Chief Executive Officer David Scott resigned effective June 30, 2026, although he remains on the Board. The company states these changes align with its previously announced discontinuation of artificial intelligence research and development activities.
VERSES is pursuing a range of financing and strategic opportunities intended to maximize shareholder value, but warns there can be no assurance that any transaction will be completed or that it will enable the company to continue operations. The company repeatedly cautions that the outcome and timing of this process are uncertain and that it may ultimately determine that no transaction or opportunity is appropriate.
Verses AI Inc. has filed an S-1 to register up to 3,710,001 Class A Subordinate Voting Shares for resale by existing selling shareholders, including 1,236,667 shares issuable upon exercise of outstanding warrants. The company will not receive proceeds from these resale transactions.
Verses develops agentic AI software based on neuroscience-inspired Active Inference, anchored by its Genius decision-support platform and AXIOM digital brain. For the year ended March 31, 2025, it generated $155,000 of revenue and recorded a net loss of $42,992,724, with its auditor expressing substantial doubt about its ability to continue as a going concern.
VERSES AI Inc. completed the second tranche of a non-brokered private placement, issuing 473,500 units at C$0.75 (US$0.54) each for gross proceeds of C$355,125 (approximately US$257,318). Together with the first tranche, the Offering totals 1,644,307 units, raising aggregate gross cash proceeds of C$1,100,930 (approximately US$797,717) and extinguishing C$132,300 (approximately US$95,863) in liabilities.
Each unit consists of one Class A Subordinate Voting Share and one-half of one warrant, with each whole warrant exercisable at C$1.00 (approximately US$0.72) for 24 months. The company plans to use the net proceeds to strengthen its financial position, fund research and development objectives, and support working capital and general corporate purposes.
VERSES AI Inc. closed a non-brokered private placement of 1,170,807 units at C$0.75 (US$0.55) per unit. The company raised gross cash of C$745,805 (approximately US$547,644) by issuing 994,407 units and extinguished C$132,300 (approximately US$97,148) of liabilities through 176,400 units.
Each unit includes one Class A Subordinate Voting Share and half a warrant, with each whole warrant exercisable at C$1.00 (approximately US$0.73) for 24 months. Net proceeds are intended to strengthen liquidity and fund research and development, working capital, and general corporate purposes.
Verses AI Inc. approved a new compensation package for Interim CEO David Scott. He will receive cash compensation of $15,000 per month starting in March 2026 and 120,000 non-qualified stock options under the Omnibus Equity Incentive Plan, with an exercise price of $0.68 per share. Twenty thousand options vest on the grant date, with the remainder vesting weekly over 52 weeks, subject to his continued service.
The Board also approved 50,000 restricted stock units that will be granted upon signing a binding agreement for a Change in Control Transaction and will fully vest at closing, subject to minimum consideration of Cdn$8.00 per share under specified structures. Verses AI additionally furnished a transcript and presentation from a March 10, 2026 technology-focused webinar as exhibits.
Verses AI Inc. used this earnings call to explain recent cost trends, restructuring, and funding needs rather than to present detailed revenue figures. Management emphasized that the business is people‑driven, with staff expenses expensed as incurred instead of heavy capital spending on AI hardware.
For the latest quarter, research and development remained the largest cash expense, rising by $334,000 or 11%, and by $616,000 or 5% over the nine‑month period, driven by higher R&D staffing. Investor relations and marketing dropped sharply, down $1.0 million or 86% for the quarter and $2.7 million or 65% for the period, reflecting a shift of resources toward product development.
Consulting fees fell 9% for the quarter and 16% for the period, while grouped items such as legal, G&A, and audit costs rose $873,000 or 25%, partly due to fundraising and the move to U.S. GAAP reporting. Average staff fell from 86 to 59 and is projected at 21, contributing to a burn rate that is about 40% lower than the prior six‑quarter average. Management said the company is generating growing recurring revenue from its Genius product but still relies on external capital, is exploring additional funding that may be dilutive yet intended to be value accretive, and described past reverse stock splits as strategic steps to meet Nasdaq listing price requirements.
Verses AI Inc. filed its Quarterly Report on Form 10-Q for the three and nine months ended December 31, 2025 with the SEC and announced the filing in a current report. The company will review these results on an earnings call scheduled for February 24, 2026 at 1:00 PM Eastern time.
The Form 10-Q and related information are available on both the SEC’s website and the company’s website. Verses AI describes itself as a cognitive computing company developing next-generation agentic software systems, including its Genius enterprise intelligence platform.
VERSES AI Inc. reported a larger shareholders’ deficit and tight liquidity in its quarter ended December 31, 2025. Revenue reached $417,932 for the quarter and $818,632 for the nine months, up from minimal levels a year earlier, but still far below expenses.
The company posted a net loss of $5.48M for the quarter and $24.98M for the nine months, versus losses of $16.81M and $34.27M in the prior-year periods. Operating cash outflow was $21.79M, leaving cash of only $67,954 versus $4.82M at March 31, 2025.
To fund operations, VERSES raised capital through unit offerings, a Sorbie sharing agreement, and $1.93M of convertible debentures, and now has substantial warrant and option overhang. A legal provision of $9.64M and an accumulated deficit of $154.55M contribute to a shareholders’ deficiency of $13.20M. Management discloses substantial doubt about the company’s ability to continue as a going concern.
Verses AI Inc. filed a current report describing an informational webinar held on February 18, 2026. Management used the session to discuss recent management changes and the current state of the company.
The company is furnishing, as exhibits, both the full webinar transcript and the presentation materials used during the event, making these materials available to the public without them being deemed formally filed under securities laws.