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, April 24, 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 2,750,000 units of the Company (the “Units”) at a price to the public of US$2.88 (C$4.00) per Unit (the “Offering Price”) for gross proceeds of US$7,920,000 (C$11,000,000), before deducting discounts, commissions and expenses incurred in connection with the Offering. Each Unit consists of one Class A subordinate voting share of the Company (a “Share”) and one half of one Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable into one Share, at a price of US$3.60 (C$5.00) per Share for a period of 36 months from the date of issuance.\n \n\n The Units are offered in Canada under the base shelf prospectus of the Company receipted on September 26, 2024 (the “Base Shelf Prospectus”), as supplemented by a prospectus supplement (the “Supplement”) to be prepared and filed in each of the provinces and territories of Canada other than Québec. The Offering is being conducted in the United States pursuant to a U.S. registration statement on Form F-10, declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 1, 2024 (File No. 333-282301) (the “Registration Statement”), which includes the Base Shelf Prospectus.\n \n\n The closing of the Offering remains subject to market and other customary conditions, including but not limited to, the receipt of all necessary approvals, including the approval of Cboe Canada Inc. (“CBOE”).\n \n\n A.G.P. Canada Investments ULC is acting as lead agent for the Offering. Clear Street LLC is acting as lead U.S. agent in the Offering, A.G.P./Alliance Global Partners is acting as U.S. agent in the Offering.\n \n\n The net proceeds of the Offering will strengthen the Company's financial position and provide liquidity to ‎finance ongoing operations, including, in particular, the Company’s expenses incurred, and expected to be ‎incurred, in connection with the...

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