VERSES AI Raises $7M in Public Offering of Units

VERSES AI Inc. closed a public offering of 1,007,764 units at C$9.50 per unit, raising gross proceeds of approximately C$9.573.758 (US$7.000.331). Each unit consists of one Class A Share and one-half Share purchase warrant, exercisable at C$11.50 per Warrant Share. The net proceeds will be used for research and development, working capital, and general corporate purposes.

VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) has successfully closed a public offering, raising gross proceeds of approximately C$9.573.758 (US$7,000,331). The company offered 1,007,764 units at a price of C$9.50 per unit [1].

Each unit consists of one Class A subordinate voting share and one-half of a share purchase warrant. The whole warrant is exercisable at C$11.50 per share over a period of 36 months from the date of issuance [1].

The net proceeds from the offering will be used to strengthen the company's financial position, fund research and development objectives, and provide working capital for general corporate purposes [1].

The offering was led by A.G.P. Canada Investments ULC as the lead agent, with A.G.P./Alliance Global Partners acting as the U.S. agent [1].

References:
[1] https://www.verses.ai/news/verses-announces-pricing-of-public-offering-of-units-1