Core Viewpoint - VERSES AI Inc. has successfully completed a second tranche of its non-brokered private placement, raising a total of C$1,100,930 (approximately US$797,717) to strengthen its financial position and support ongoing operations [1][3]. Group 1: Offering Details - The second tranche involved the issuance of 473,500 units at a price of C$0.75 (US$0.54) per unit, generating gross proceeds of C$355,125 (approximately US$257,318) [1]. - The total offering consists of 1,644,307 units, which includes the previously completed tranche announced on March 16, 2026 [1]. - Each unit comprises one Class A Subordinate Voting Share and one-half of a Share purchase warrant, with each warrant allowing the purchase of one share at an exercise price of C$1.00 (approximately US$0.72) [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to enhance the company's financial stability and provide liquidity for ongoing operations, particularly for research and development expenses, working capital, and general corporate purposes [3]. Group 3: Finder's Fees and Warrants - In connection with the second tranche, the company paid cash finders' fees of C$10,410 (approximately US$7,543) and issued 29,880 finder warrants to assist with the offering [4]. - Each finder warrant allows the holder to acquire one finder unit at a price of C$0.75 (approximately US$0.54) for a period of 24 months, with each finder unit consisting of one share and one-half of a share purchase warrant [4]. Group 4: Securities Regulations - All securities issued under the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with Canadian securities legislation [5]. - The units and underlying shares and warrants have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [6].

Core Viewpoint - VERSES AI Inc. has successfully completed a non-brokered private placement offering, raising approximately C$745,805 (US$547,644) and extinguishing C$132,300 (US$97,148) in liabilities through the issuance of units [1][3]. Group 1: Offering Details - The offering consisted of 1,170,807 units priced at C$0.75 (US$0.55) per unit, with each unit comprising one Class A Subordinate Voting Share and one-half of a share purchase warrant [1][2]. - The warrants allow holders to purchase one share at an exercise price of C$1.00 (US$0.73) for 24 months from issuance [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to strengthen the company's financial position, provide liquidity for ongoing operations, and support research and development objectives [3]. Group 3: Finder's Fees and Insider Participation - The company paid C$16,160 (US$11,866) in cash finders' fees and issued 75,546 finder warrants to assist with the offering [4]. - Michael Blum, the chairman, subscribed for 53,333 units, contributing C$40,000 (US$29,372) to the offering, which is classified as a related party transaction [6]. Group 4: Regulatory Compliance - All securities issued 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 units and underlying shares and warrants have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7].

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]