VANCOUVER, British Columbia, July 09, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) (“VERSES” or the “Company”) is pleased to announce the pricing of its previously announced public offering (the “Offering”), of 1,007,764 units of the Company (the “Units”) at a price to the public of US$6.946 (C$9.50) per Unit (the “Offering Price”) for gross proceeds of US$7,000,331 (C$9,573,758), before deducting commissions and estimated expenses incurred in connection with the Offering. Each Unit c ...

VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) (“VERSES” or the “Company”) is pleased to announce that it intends to offer and sell securities in an agency public offering to be undertaken on a reasonable best-efforts basis (the “Offering”). The Offering is expected to be priced in the context of the market, with the final terms of the Offering, including the specific securities to be offered, to be determined at the time of pricing. There can be no ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Lamb Weston Holdings, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the implementation of a new ERP system [1] Company Overview - Lamb Weston is the largest producer of frozen potato products in North America and the second largest globally, supplying products to restaurants and retailers, including major customer McDonald's [2] ERP System Implementation - On July 25, 2023, Lamb Weston announced the completion of the design phase for a new Enterprise Resource Planning (ERP) software system aimed at integrating key business operations [3] - The new ERP system was intended to replace outdated financial and operational systems, which had suffered from years of under-investment in information technology [3] Allegations and Financial Impact - The class action complaint alleges that Lamb Weston made material misrepresentations regarding the ERP system's design and implementation, claiming it strengthened operational infrastructure while downplaying issues as "usual bumps" [4] - On April 4, 2024, Lamb Weston reported significant problems with the ERP transition, resulting in over $130 million in lost sales during the third quarter and a substantial reduction in sales guidance for the fiscal year [5] - The ERP rollout negatively impacted net sales by $135 million, net income by $72 million, and adjusted EBITDA by $95 million, leading to a stock price decline of over 19% [5]

内部数科公司是企业数字化转型建设过程中必然的产物，至于为什么会成立数科公司老杨之前的文章中 多有提及，总结起来就是三点： 第三，利用自身的行业影响力及技术实力去创收，实现市场化； 企业成立内部数科公司面临着机遇与挑战，可以说是喜忧参半，今天老杨将之前写的关于数科公司的文 章进行一些总结提炼，聊聊数科公司的那些问题，那些事。 01 拥有内部科技公司企业数字化转型问题会迎刃而解吗？ 老杨认为：不会！ 随着企业数字化建设进入深水区，软件公司的一些短板也随之出现，这个时候一些头部及不差钱的企业 会成立软件开发团队或内部科技公司来弥补第三方软件公司的不足，其中的优势我们不必细说，但要知 道的是数字化转型在于转，而不在于数字化本身，软件系统只是数字化技术下产生的一种工具，只是企 业想达到转型的一种途径，如果不在管理上进行转型、升级，任何技术的进步都是徒劳的。换句话说， 如果把企业的信息技术能力当做生产力，而管理是生产关系，当高速发展的生产力遇到落后的生产关系 时，结果不是促进，而是掣肘！ 内部科技公司在进行软件开发时同样也会遭遇第三方公司同样的问题，比如需求收集难、需求变动频 繁、应用难等问题，所以数字化转型建设方面的问 ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $193 million, with EBITDA of $20 million, meeting expectations [16] - Orders increased by 6% to $201 million, resulting in a book-to-bill ratio of 104% [16] - Free cash flow generated in Q1 was $7 million, three times higher than the same quarter last year, marking the seventh consecutive quarter of positive free cash flow [21][22] Business Line Data and Key Metrics Changes - The Drilling and Completion segment saw a revenue increase of $5 million, driven by a rebound in sales of completions-related consumables and capital equipment [17] - The artificial lift and downhole segment experienced a revenue decline due to unfavorable product mix and softer demand for Veraperm products [18] - The Valve Solutions product line faced negative headwinds due to tariffs impacting demand, leading to a buyer strike and reduced orders [19] Market Data and Key Metrics Changes - Oil prices have declined significantly, hovering near four-year lows, which may lead to a reduction in global rig count in the second half of the year [8] - The company anticipates a modest 2% to 5% decline in global drilling and completions activity for the full year [13] - Despite market uncertainty, operators have not materially deviated from their plans, with expectations for flat quarter-over-quarter results in Q2 [20] Company Strategy and Development Direction - The company is focusing on mitigating tariff impacts, optimizing the supply chain, and reducing costs and inventory [9] - Plans include increasing assembly activities in Saudi Arabia and Canada to efficiently serve global markets [10] - The company aims to utilize 50% of free cash flow for debt reduction and the remaining for strategic investments, including share repurchases [24] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the economic uncertainty due to U.S. trade policies and OPEC's supply growth, which could pressure commodity prices [7] - The company remains confident in its ability to generate free cash flow and maintain a strong balance sheet, with no debt maturities until 2028 [23] - Long-term growth potential is viewed positively, driven by increasing energy demand due to population growth and economic expansion [28] Other Important Information - The company has strategically de-risked its supply chain to minimize dependence on specific countries [11] - A focus on expense and inventory management has led to the highest level of free cash flow in nearly a decade in 2024 [12] Q&A Session Summary Question: Subsea bookings and product adoption - Management highlighted a 60% quarter-over-quarter increase in subsea bookings due to customer adoption of new products, with strong demand for remote-operated vehicles [34][35] Question: Strength in drilling completion orders - The increase in orders for stimulation-related equipment was attributed to a rebound from low purchase levels at the end of the previous year, with crews working more efficiently [36][38] Question: Share repurchases and leverage ratio - Management clarified that share repurchases were executed despite ending the quarter slightly above the 1.5 leverage ratio, with plans to continue as cash flows allow [44][45] Question: Cost reduction efforts - The company is targeting $10 million in annualized cost reductions, with some benefits expected in Q2 and more in Q3 [46][47] Question: Customer behavior regarding pricing and tariffs - Management noted that customers are currently hesitant to purchase due to high prices and tariff uncertainty, leading to a buyer strike [51][52] Question: Seasonal impacts in Canada for Veraperm - Management indicated that the challenges faced by Veraperm in Canada are temporary and linked to customer and product mix, with expectations for improvement in the second half of the year [60][61] Question: Geographical diversification benefits - The company is leveraging its geographical diversification to mitigate tariff impacts and optimize manufacturing processes [74][75]