Verses AI Inc Announces Pricing of Public Offering of Units
Globenewswire·2025-04-24 04:53

Core Points - Verses AI Inc. has announced a public offering of 2,750,000 units at a price of US$2.88 (C$4.00) per unit, aiming for gross proceeds of US$7,920,000 (C$11,000,000) [1] - Each unit consists of one Class A subordinate voting share and one half of a share purchase warrant, with each whole warrant exercisable into one share at US$3.60 (C$5.00) for 36 months [1] - The offering is being conducted under a base shelf prospectus and a U.S. registration statement, with necessary approvals pending [2][3] Financial Implications - The net proceeds from the offering will enhance the company's financial position and provide liquidity for ongoing operations, particularly for research and development, working capital, and general corporate purposes [4] Accessibility of Documents - The base shelf prospectus and related documents will be accessible in Canada on SEDAR+ and in the U.S. on EDGAR [5][6]