Prodigii Licenses VERSES(TM) Technology

• VERSES AI Inc. announced a licensing agreement with Prodigii AI, LLC dated April 27, 2026.
• The deal licenses the Genius™ product and AXIOM model to Prodigii for enterprise commercialization.
• Initial license fee is USD $350,000 payable upon signing or as defined in contract terms.
• Revenue sharing requires quarterly payments of at least $125,000 from Prodigii.
• Agreement term is 10 years with an optional 10-year renewal period.
• Target verticals include financial services, insurance, cybersecurity, smart manufacturing, energy, and healthcare.
• Interim CEO David T. Scott stated this validates the go-to-market strategy of using channel partners alongside direct contracts.

• The Prodigii license represents a tangible commercial milestone but is financially immaterial relative to the company's capital needs.
• Total guaranteed revenue from this deal over one year is approximately $500,000 (initial fee + minimum quarterly share), which does not cover the burn rate implied by recent financings.
• The news follows a pattern of incremental commercialization announcements, including the April 21 expansion with a major global investment firm.
• Given the company's history of frequent equity raises to fund operations, this revenue stream is unlikely to alter the fundamental dilution risk profile significantly in the short term.
• The market reaction prior to this news (price rise from $51 in March to $65 in April) suggests expectations for commercial progress were already priced into the stock.

• VERSES AI Inc. develops an agentic enterprise intelligence platform called Genius™.
• The core technology includes the AXIOM model, described as a "digital brain" for reliable domain-specific predictions under uncertainty.
• Primary focus is on embedding these models into financial services, investment workflows, and risk management systems.
• The company has pivoted from pure R&D to commercialization via channel partners (Prodigii) and direct enterprise contracts (Global Investment Firm).
• Interim CEO David T. Scott leads the current strategy alongside Founder Gabriel René.