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VERSES AI ( (VRSSF) ) just unveiled an announcement.
On March 13, 2026, Vancouver-based VERSES AI Inc. closed a non-brokered private placement of 1,170,807 units at C$0.75 per unit, raising C$745,805 in gross cash proceeds and extinguishing C$132,300 in liabilities through equity. Each unit comprises one Class A Subordinate Voting Share and half a warrant exercisable at C$1.00 for 24 months, with all securities subject to a four-month-plus-one-day hold period under Canadian law.
The financing, which included C$40,000 of insider participation from board chair Michael Blum and related finder fees and warrants, is intended to bolster liquidity for ongoing operations, including research and development, working capital and general corporate purposes. The structure, sold under U.S. and international private placement exemptions and listed on Cboe Canada and OTCQB, underscores VERSES’ efforts to strengthen its balance sheet while advancing its intelligent agentic systems platform.
More about VERSES AI
VERSES AI Inc. is a cognitive computing company specializing in next-generation intelligent software systems. Its flagship product, Genius, is an agentic enterprise intelligence platform designed to deliver reliable, domain-specific predictions and decisions under uncertainty for business customers.
Average Trading Volume: 38,742
Technical Sentiment Signal: Sell
See more data about VRSSF stock on TipRanks’ Stock Analysis page.