From GlobeNewswire: 2025-01-07 08:45:00

VERSES AI Inc. has entered into securities purchase agreements for the sale of 12,738,854 units, raising approximately CDN$20 million. Each unit includes one Share and one-half of a Share purchase warrant. The offering is expected to close around January 9, 2024, subject to approvals. The net proceeds will be used for research, development, and general corporate purposes. The Base Shelf Prospectus and Supplement can be accessed on SEDAR+. A.G.P. Canada is the lead agent, Clear Street and TriView are acting as Financial Advisors. The Offering is subject to market conditions.

The Offering is under the Base Shelf Prospectus supplemented by a Prospectus Supplement. A.G.P. Canada Investments ULC is the lead agent, A.G.P./Alliance Global Partners is the US Agent, Clear Street LLC and TriView Capital Ltd. are Financial Advisors. The net proceeds will be used to enhance the Company’s financial position and support ongoing operations. The Base Shelf Prospectus and Supplement are available on SEDAR+.

Forward-looking statements in the news release include information on the Company’s ability to complete the Offering, use of net proceeds, and approval requirements. Risks include potential delays in Offering completion, unexpected costs, and global market volatility. The Company encourages caution when interpreting forward-looking statements and acknowledges potential risks. Readers should not solely rely on forward-looking information. The Company will update statements as needed to comply with securities laws.



Read more at GlobeNewswire: VERSES AI Announces Pricing Of Unit Offering