VERSES® Announces Consolidation of Class A Subordinate Voting Shares

Core Viewpoint - VERSES AI Inc. is consolidating its Class A Subordinate Voting Shares at a ratio of one post-consolidated share for every three pre-consolidated shares, with the new stock symbol changing to VRSSD following the consolidation [1][2]. Group 1: Consolidation Details - The board of directors approved the consolidation on June 10, 2025, with trading on a post-consolidation basis expected to commence around June 23, 2025 [2]. - Currently, there are 26,239,469 Subordinate Voting Shares issued and outstanding, which will be reduced to approximately 8,746,490 shares post-consolidation [3]. - No fractional shares will be issued; any fractions will be rounded to the nearest whole share [5]. Group 2: Shareholder Instructions - Holders of physical share certificates must complete and return a letter of transmittal to receive their post-consolidation shares, while those with shares represented by a direct registration system will receive their new shares automatically [4]. - Shareholders holding shares through intermediaries are advised to contact their intermediaries for further instructions [4]. Group 3: Company Overview - VERSES AI Inc. specializes in cognitive computing and develops intelligent software systems inspired by natural principles, with its flagship product being the Genius™ platform [6].