Financings

Verses AI closes $355,125 second tranche of placement

By The Northwire Desk — AI Analysis Mar 27, 2026 · 16:14 VERS · 0.95 Verses AI Inc

VERS · Price

Verses AI Inc. announced the closing of the second tranche of its non-brokered private placement, raising $355,125 CAD through the issuance of 473,500 units.
The company has now raised aggregate gross proceeds of $1,100,930 CAD and extinguished $132,300 CAD in liabilities through the issuance of a total of 1,644,307 units across both tranches.
Proceeds are designated to strengthen the financial position, provide liquidity for continuing operations, fund research and development, and cover working capital and general corporate purposes.

Second Tranche Details:
- Issued 473,500 units.
- Price: 75 cents CAD ($0.54 USD) per unit.
- Gross Proceeds: $355,125 CAD ($257,318 USD).
Aggregate Transaction Status:
- Total Gross Proceeds Raised: $1,100,930 CAD ($797,717 USD).
- Liabilities Extinguished: $132,300 CAD ($95,863 USD).
- Total Units Issued: 1,644,307 units.
- Previous Tranche Announced: March 16, 2026.
Security Structure (Units):
- Each unit consists of one Class A subordinate voting share and one-half of one share purchase warrant.
- Warrant Exercise Price: $1 CAD ($0.72 USD) per warrant share.
- Warrant Expiration: 24 months from the date of issuance (subject to adjustment).
Finder Fees and Compensation:
- Cash Finders' Fees Paid: $10,410 CAD ($7,543 USD).
- Finder Warrants Issued: 29,880 warrants to finders outside the U.S.
- Finder Warrant Terms: Entitles holder to acquire one finder unit at 75 cents CAD for 24 months.
- Finder Unit Structure: One share and one-half of one share purchase warrant.
- Finder Warrant Exercise: One additional share at $1 CAD for 24 months.
Regulatory and Hold Periods:
- Securities subject to a statutory hold period of four months plus one day from issuance under Canadian securities legislation.
- Purchasers were non-U.S. persons as defined in Regulation S under the U.S. Securities Act.

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