VERSES AI Closes Public Offering, Raises $7M in Gross Proceeds

VERSES AI Inc. has closed a public offering of 1,007,764 units at C$9.50 each, raising gross proceeds of approximately C$9,573,758. Each unit consists of one Class A Subordinate Voting Share and one-half of one Share purchase warrant. The warrants can be exercised to purchase one Share at an exercise price of C$11.50 until 36 months from the closing date.

VERSES AI Inc. (OTCQB: VRSSD) has successfully closed its public offering of 1,007,764 units at C$9.50 each, raising gross proceeds of approximately C$9,573,758 [1]. The offering, which was priced on July 9, 2025, is expected to strengthen the company's financial position and fund its research and development objectives.

Each unit consists of one Class A subordinate voting share and one-half of one share purchase warrant. The warrants can be exercised to purchase one share at an exercise price of C$11.50 until 36 months from the closing date [1].

The proceeds from the offering will be used to bolster VERSES AI Inc.'s financial stability, fund its ongoing research and development initiatives, and provide working capital for general corporate purposes [1].

The company's chief financial officer, James Christodoulou, stated, "The successful completion of this offering will allow us to accelerate our research and development efforts and enhance our financial position. We are grateful to our investors for their continued support."

The closing of the offering remains subject to market and other customary conditions, including the receipt of all necessary approvals [1]. The company has filed preliminary and final prospectus supplements with the relevant securities authorities and has made these documents available on SEDAR+ and EDGAR [1].

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