VERSES AI Inc. Announces Pricing of Public Offering of Units

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[{"type":"text","content":"VERSES AI Inc. Announces Pricing of Public Offering of Units\n\n\n\n VANCOUVER, British Columbia, July 09, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) (“\n \n VERSES\n \n ” or the “\n \n Company\n \n ”) is pleased to announce the pricing of its previously announced public offering (the “\n \n Offering\n \n ”), of 1,007,764 units of the Company (the “\n \n Units\n \n ”) at a price to the public of US$6.946 (C$9.50) per Unit (the “\n \n Offering\n \n\n Price\n \n ”) 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 consists of one Class A subordinate voting share of the Company (a “\n \n Share\n \n ”) and one-half of one Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each whole Warrant will be exercisable to acquire one Share, at a price of US$8.409 (C$11.50) per Share for a period of 36 months from the date of issuance.\n \n\n A.G.P. Canada Investments ULC (“\n \n A.G.P. Canada\n \n ”) is acting as lead agent for the Offering. A.G.P./Alliance Global Partners (“\n \n A.G.P. US\n \n ”) is acting as U.S. agent in the Offering.\n \n\n In connection with the Offering, the Company has filed a preliminary prospectus supplement (the “\n \n Preliminary Prospectus Supplement\n \n ”) and intends to file a subsequent prospectus supplement (the “\n \n Final\n \n\n Prospectus Supplement\n \n ”) to its short form base shelf prospectus receipted on September 26, 2024 (the “\n \n Base Shelf Prospectus\n \n ”) in each of the provinces and territories of Canada, other than Québec, relating to the proposed Offering. The Preliminary Prospectus Supplement has been and the Final Prospectus Supplement will be filed with the U.S. Securities and Exchange Commission (the “\n \n SEC\n \n ”) as part of the Company’s U.S. registration statement on Form F-10, declared effective by the SEC on October 1, 2024 (File No. 333-282301) (as amended, the “\n \n Registration Statement\n \n ”), which includes the Base Shelf Prospectus.\n \n\n The closing of the Offering remains subject to market and other customary con...

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