VERSES AI Inc. Announces Pricing of Public Offering of Units for $7 Million

VERSES AI Inc. has priced a public offering of 1,007,764 units at US$6.946 per unit, raising US$7 million. Each unit consists of one Class A share and one-half of a share purchase warrant exercisable at US$8.409 per share for 36 months. The net proceeds will strengthen the company's financial position and fund ongoing operations, research and development, and working capital. The offering is subject to market and regulatory conditions, including approval from Cboe Canada Inc.

VANCOUVER, British Columbia, July 09, 2025 — VERSES AI Inc. (OTCQB: VRSSD) has priced its public offering of 1,007,764 units at US$6.946 per unit, aiming to raise gross proceeds of US$7,000,331. Each unit consists of one Class A subordinate voting share and one-half of a share purchase warrant. The warrants are exercisable at US$8.409 per share for a period of 36 months. The net proceeds will be used to strengthen the company's financial position, fund research and development, and provide working capital for general corporate purposes.

The offering, priced at US$6.946 per unit, was announced by the company on July 8, 2025. The proceeds will be used to bolster the company's financial standing and fund ongoing operations, including research and development and working capital. The offering is subject to market and regulatory conditions, including the approval of Cboe Canada Inc. [1].

The company has filed a preliminary prospectus supplement and intends to file a subsequent prospectus supplement to its short form base shelf prospectus. These documents, along with the base shelf prospectus, are accessible on SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov. Prospective investors are encouraged to review these documents before making an investment decision.

VERSES AI Inc. is a cognitive computing company focused on building next-generation intelligent software systems modeled after the wisdom and genius of nature. The company is led by Gabriel René VERSES AI Inc. as Co-Founder & CEO and James Christodoulou as Chief Financial Officer.

References:
[1] https://www.verses.ai/news/verses-announces-proposed-public-offering-of-securities-1
[2] https://www.stocktitan.net/news/VRSSF/verses-ai-inc-announces-pricing-of-public-offering-of-01ttq5ff8y8g.html