Core Insights - VERSES AI Inc. has filed its Quarterly Report on Form 10-Q for the three and nine months ended December 31, 2025, with the SEC [1] - The company will review its results during an earnings call scheduled for February 24, 2026, at 1:00 PM Eastern time [2][3] Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems inspired by Nature [3] - The flagship product, Genius™, is designed to provide reliable domain-specific predictions and decisions under uncertainty [3] Conference Call Details - The earnings call will be accessible live over the Internet via the company's website, with listeners advised to prepare 15 minutes in advance [3]

Core Viewpoint - VERSES AI Inc. is set to hold a corporate update webinar for investors on February 18, 2026, featuring key executives who will provide an overview of the company and its developments [1]. Company Overview - VERSES AI Inc. specializes in cognitive computing and is focused on developing next-generation agentic software systems inspired by natural principles [2]. - The flagship product, Genius™, is an agentic enterprise intelligence platform that aims to deliver reliable domain-specific predictions and decisions in uncertain environments [2]. Webinar Details - The webinar will take place on February 18th at 10am PST / 1pm EST, with participation from Interim CEO David T. Scott, President & COO James Hendrickson, and CFO James Christodoulou [1]. - Interested parties can register for the webinar through the provided link [2].

Core Insights - VERSES AI Inc. has appointed David T. Scott as Interim CEO following the resignation of founders Gabriel René and Dan Mapes for personal reasons [1] - The company is actively searching for a permanent CEO while focusing on converting R&D into commercial products and pursuing revenue opportunities in the financial services sector [3][4] Company Leadership - David T. Scott brings over 30 years of experience in public-company leadership and operational discipline, having worked with major firms like Amazon Web Services and Twitter [2] - The Board Chair, Michael Blum, highlighted Scott's ability to manage multi-billion-dollar budgets and his track record in transforming organizations [2] Strategic Focus - The company aims to execute a disciplined go-to-market strategy and drive near-term revenue, particularly in the financial services sector [3][4] - Ongoing initiatives include cost-reduction and operational efficiency to enhance commercialization of financial services products [4] Company Overview - VERSES is a cognitive computing company that develops next-generation agentic software systems, with its flagship product, Genius™, designed to provide reliable predictions and decisions [5]

Core Strategy - VERSES AI Inc. has announced a refocused corporate strategy aimed at concentrating resources on core target markets and high-priority initiatives [1][2] - The company aims to drive the best return on investment and benefit to shareholders through this strategic focus [3] Workforce Restructuring - The company is implementing a workforce restructuring that will reduce headcount by approximately 50% [2] - This reduction includes the termination of certain furloughed employees and executives not associated with core market activities [2] - Certain executives are temporarily deferring their salaries to support the company's strategy [2] Financial Impact - The restructuring is expected to drastically reduce operating costs and improve the company's liquidity position [2][5] - The leadership team believes that the actions taken will enhance efficiency and speed in pursuing core target markets [3]

Core Points - VERSES AI Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of CAD$2.65 million, with CAD$2.4 million in cash [1][4] - The offering consists of secured convertible debenture units, each unit comprising CAD$1,000 principal amount of convertible debentures and 164 detachable share purchase warrants [2] - The convertible debentures have a conversion price of CAD$3.04 per share and mature on December 18, 2027, with an interest rate of 15% per annum [3] Financial Structure - Each unit includes secured convertible debentures and detachable share purchase warrants, with the warrants exercisable at CAD$7.00 per share until December 18, 2028 [2] - The convertible debentures are secured by a first-ranking security interest over all present and after-acquired property and assets of the company [3][4] - The net proceeds from the offering will be used for general working capital purposes [4] Regulatory and Compliance - The securities issued under the offering are subject to a statutory hold period of four months plus a day from the date of issuance [4] - The offering is subject to final approval by Cboe Canada Inc. [4] - The securities will not be registered under the U.S. Securities Act, and cannot be offered or sold in the United States without registration or an applicable exemption [5][6] Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems inspired by nature [7] - The flagship product, Genius™, is designed to generate reliable domain-specific predictions and decisions under uncertainty [7]

Core Viewpoint - VERSES AI Inc. has successfully closed a non-brokered private placement with Sorbie Bornholm LP, raising CAD$14,000,000 through the issuance of 2,660,000 Units, which include shares and warrants [1][2]. Group 1: Offering Details - The Offering consists of 2,660,000 Units, each comprising one Class A subordinated voting share and one half warrant, with each whole warrant allowing the purchase of an additional Common Share at an exercise price of CAD$7.00 for 36 months [2]. - The first tranche of CAD$700,000 has been received, with eleven additional tranches expected monthly, calculated based on the difference between a benchmark price of CAD$7.75 and the trailing 20-day Value Weighted Average Price [4]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for working capital and general corporate purposes [3]. Group 3: Regulatory Information - The securities issued under the Offering are subject to a statutory hold period of four months plus a day from the issuance date, in accordance with Canadian securities legislation [5]. - The Common Shares and Warrants will not be registered under the U.S. Securities Act, and cannot be offered or sold in the United States without proper registration or exemption [6]. Group 4: Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems, with its flagship product, Genius™, designed to provide reliable domain-specific predictions and decisions [8].

Core Insights - VERSES AI Inc. has arranged a private placement to strengthen its balance sheet and focus on high-growth priorities [1][2] - The company will receive CAD$14,000,000 in exchange for 2,333,334 Units at a price of CAD$6.00 per Unit, with each Unit consisting of one common share and one half of a common share purchase warrant [2] - A workforce reduction program has been initiated to enhance liquidity, streamline operations, and reduce costs [4][5] Financial Details - The private placement involves a notional amount of CAD$14,000,000, with each warrant exercisable at CAD$7.00 [2] - The financing and workforce reduction are expected to significantly reduce the company's cost structure and extend its cash runway [5] Operational Initiatives - The workforce reduction program includes targeted layoffs, furloughs, and executive salary deferrals aimed at aligning expenses with revenue growth objectives [4] - These actions are intended to position the company for accelerated profitability and long-term value creation [5] Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems, with its flagship product being Genius™, an enterprise intelligence platform [7]

Core Insights - The report highlights that Spatial AI is enhancing AI's value by integrating 3D context with physics, driven by advancements in physical AI, reality capture, and spatial development frameworks [2] - VERSES AI Inc. has been recognized as a sample vendor in the 2025 Gartner Emerging Tech Impact Radar for its contributions to Spatial Computing and World Models [1][3] - The Spatial Web is described as a transformative shift that will monetize physical reality, creating a World Wide Web for the real world, but requires proper tools for effective implementation [2] Industry Trends - By 2035, it is projected that every autonomous system will incorporate a standardized Spatial AI layer, increasing from less than 1% in 2025 [4] - By 2028, five of the top 10 AI companies are expected to pivot towards specialized physical AI solutions, potentially sidelining digital-only competitors [4] Company Strategy - The company aims to accelerate leadership in spatial AI through active engagement in standardization efforts and focusing on high-value 'phygital' use cases [5] - The company plans to refine user interface design for proof-of-concept use cases that benefit from phygital interactions, such as product marketing and physical commerce [5] - The company is involved in the IEEE Spatial Web Working Group and intends to implement Spatial AI by supporting HSML and HSTP standards in its product, Genius [2][3]

Core Insights - VERSES AI Inc. has appointed David T. Scott to its board of directors, succeeding G. Scott Paterson, effective September 30, 2025 [1][2] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation agentic software systems, with its flagship product, Genius™, designed to generate reliable domain-specific predictions and decisions under uncertainty [4] Leadership and Expertise - David T. Scott brings over 25 years of executive leadership experience, having previously served as Head of Global Marketing Strategy, Analytics, and Operations at Amazon Web Services [2] - His background includes senior roles at major companies such as Twitter, AT&T, PeopleSoft, Honeywell, and General Electric, along with experience as a serial entrepreneur [2] - Scott has authored two bestsellers on marketing strategy and teaches digital marketing at San Diego State University [3] Strategic Importance - The appointment of David T. Scott is seen as crucial for supporting VERSES' ongoing commercial growth, particularly in scaling global marketing and sales operations [2][6] - Scott expressed enthusiasm for the Genius™ product, highlighting its uniqueness in the market and his commitment to supporting its market introduction [2]

Core Insights - VERSES AI Inc. is expanding its relationship with a major global investment firm to enhance investment portfolio optimization using its Genius™ platform [1][2] - The project involves developing an active inference causal model of financial markets to improve asset allocation decisions, focusing on metrics like drawdown and volatility [2] - The expanded contract includes fixed milestone-based payments initially, with potential for outcome-based pricing in the future [2] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation agentic software systems, with its flagship product Genius™ designed for reliable domain-specific predictions and decisions under uncertainty [4] - The company aims to create intelligent systems inspired by natural principles found in science, physics, and biology [4]