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An announcement from VERSES AI ( (VRSSF) ) is now available.
On March 27, 2026, Vancouver-based VERSES AI Inc. announced it had closed the second tranche of a non-brokered private placement, issuing 473,500 units at C$0.75 each for gross proceeds of C$355,125. Combined with the first tranche completed earlier in March, the company raised total gross cash proceeds of C$1,100,930 and extinguished C$132,300 in liabilities through the issuance of 1,644,307 units, each consisting of one Class A Subordinate Voting Share and half a warrant exercisable at C$1.00 for 24 months.
VERSES said the net proceeds will be used to bolster its financial position and provide liquidity for ongoing operations, particularly to support its research and development program, as well as working capital and general corporate purposes. The financing, which included finder fees and finder warrants issued to non-U.S. intermediaries and is subject to Canadian hold-period restrictions, underscores the company’s continued reliance on equity-linked capital to fund the development and commercialization of its enterprise intelligence platform while maintaining listings on Cboe Canada under VERS and on the OTCQB under VRSSF.
More about VERSES AI
VERSES AI Inc. is a cognitive computing company developing next-generation intelligent agentic systems inspired by principles from science, physics and biology. Its flagship product, Genius, is an agentic enterprise intelligence platform aimed at delivering reliable, domain-specific predictions and decisions under uncertainty for business customers in need of advanced AI-driven decision support.
Average Trading Volume: 37,213
Technical Sentiment Signal: Sell
For a thorough assessment of VRSSF stock, go to TipRanks’ Stock Analysis page.