Every 8-K that VERSES AI INC (VRSSF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VRSSF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VRSSF filings page.
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. 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. 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.
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. 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™.