Latest news with #VERSESAI
Yahoo
2 days ago
- Business
- Yahoo
VERSES® Announces Closing of C$9,573,758 (US$7,000,331) Public Offering of Units
VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSD) ("VERSES'' or the "Company'), a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce that it has closed its previously announced public offering of 1,007,764 units (the 'Units') of the Company at a price of C$9.50 (US$6.946) per Unit (the 'Offering'). Pursuant to the Offering, the Company raised gross proceeds of approximately C$9,573,758 (US$7,000,331), before deducting commissions and estimated expenses incurred in connection with the Offering. Each Unit is comprised of one Class A Subordinate Voting Share of the Company (a 'Share') and one-half of one Share purchase warrant (each whole Share purchase warrant, a 'Warrant'). Each Warrant entitles the holder to purchase one Share of the Company (a 'Warrant Share') at an exercise price of C$11.50 (US$8.409) per Warrant Share at any time until the date that is 36 months from the date of issuance, subject to adjustment in certain events. The Offering was completed pursuant to an agency agreement dated July 8, 2025 among the Company, A.G.P. Canada Investments ULC and A.G.P./Alliance Global Partners (collectively, the 'Agents'). A.G.P. Canada Investments ULC acted as lead Agent for the Offering and A.G.P./Alliance Global Partners acted as U.S. Agent for the Offering. The net proceeds of the Offering are intended to strengthen the Company's financial position and provide liquidity to finance continuing operations, including, in particular, the Company's expenses incurred, and expected to be incurred, in connection with the Company's research and development objectives, and for working capital and general corporate purposes. In connection with the Offering, the Company paid the Agents a cash commission of C$450,000 and issued to the Agents 35,271 compensation warrants (the 'Compensation Warrants'). Each Compensation Warrant is exercisable into a Share at an exercise price of C$11.50 (US$8.409) per Share until the date that is 36 months after the date of issuance. In addition, the Company paid a cash fee of US$250,000 (C$341,904) and issued 75,000 corporate finance fee warrants to a financial advisor, with such corporate finance fee warrants having identical terms to the Compensation Warrants. The Offering was completed in Canada pursuant to a prospectus supplement dated July 9, 2025 (the 'Supplement') to the Company's base shelf prospectus receipted on September 26, 2024 (the "Base Shelf Prospectus"). The Supplement was filed with the securities commissions in all of the provinces and territories of Canada, except Quebec, and with the U.S. Securities and Exchange Commission (the 'SEC') in the United States. Copies of the Supplement and the Base Shelf Prospectus can be obtained on SEDAR+ at The Offering was conducted in the United States pursuant to a U.S. registration statement on Form F-10, declared effective by the SEC on October 1, 2024 (File No. 333-282301) (as amended, the 'Registration Statement'), which includes the Base Shelf Prospectus. The Registration Statement, including the Base Shelf Prospectus, as well as the Supplement are available in the United States on EDGAR at This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. References to 'US$' are to United States dollars and references to or 'C$' are to Canadian dollars. On July 8, 2025, the noon buying rate as reported by the Bank of Canada for the conversion of one Canadian dollar into United States dollars was C$1.00 equals US$0.7312. The Shares are currently trading in Canada on the Cboe Canada exchange under the symbol 'VERS' and in the United States on the OTCQB under the symbol 'VRSSD'. About VERSES VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: press@ Investor Relations Inquiries James Christodoulou, Chief Financial Officer, Verses AI 970-8889 Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" and 'forward-looking statements' under applicable securities laws. All information that addresses activities or developments that we expect to occur in the future is forward-looking information. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In this news release, such forward-looking statements include, but are not limited to, statements regarding the anticipated use of proceeds from the Offering. Actual results may differ materially from those set forth in this news release due to known and unknown risks and uncertainties affecting the Company, including the risks detailed in the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events or results or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein. The CBOE has not approved or disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.
Yahoo
05-06-2025
- Business
- Yahoo
Verses Technologies welcomes IEEE final approval of Spatial Web strands
VERSES AI welcomes the final ratification and forthcoming publication of the Institute of Electrical and Electronics Engineers Standards Association, IEEE-SA, P2874 Spatial Web standards intended to enable interoperability and governance between AI systems, agents, robotics and Internet of Things devices. 'Congratulations to the Spatial Web Foundation and the approximately three hundred P2874 working group participants who have worked diligently during the last five years to bring about this remarkable achievement. I believe that these global standards mark the dawn of the next era of the web,' said VERSES CEO, Gabriel Rene. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VRSSF: Disclaimer & DisclosureReport an Issue VERSES AI's AXIOM Model Surpasses Google DeepMind in AI Benchmark Verses Technologies issues inaugural monthly newsletter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
26-03-2025
- Business
- Globe and Mail
Five Top Ways to Invest in a Smarter World
From climate crises to supply chain disruptions, today's problems are too complex for individuals or isolated systems to solve alone. But a new web of agents offers more than just solutions—it offers reassurance. By embedding intelligence in everything, making it available anywhere, and ensuring it operates in harmony with humanity, we can create a future where technology complements rather than overwhelms, says VERSES AI (CBOE: VERS) (OTCQB: VRSSF). Collective intelligence is the answer: a web of agents working together to address humanity's most pressing challenges. In fact, such technology has the ability to perceive and respond to the environment in real time, otherwise known as sentient technology. With it, technology can respond to sensory impressions and be able to plan based on the consequences of an action or belief about the world, which enables it to solve almost any (multiple constraint satisfaction) problem. Sophisticated intelligence technology learns and adapts to new situations. Sympathetic intelligence gives technology the ability to understand to the emotions and needs of people and other artificial intelligence systems. Meanwhile, shared intelligence gives technology the ability to collaborate with humans, other agents, and physical systems to solve complex issues and achieve goals. All thanks to companies like VERSES AI, which is preparing to uplist to the NASDAQ, Nvidia (NASDAQ: NVDA), Palantir Technologies (NASDAQ: PLTR), Advanced Micro Devices (NASDAQ: AMD) and Alphabet (NASDAQ: GOOG). VERSES AI (CBOE: VERS) (OTCQB: VRSSF) Preparing for Uplisting to NASDAQ VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce the consolidation of its Class A Subordinated Voting Shares in connection with an application to uplist such shares on the Nasdaq Capital Market. As part of the planned uplisting, the Company is consolidating all issued and outstanding Class A Subordinate Voting Shares on the basis of one (1) post-consolidated Subordinated Voting Share for every nine (9) pre-consolidated Subordinated Voting Share held. 'The consolidation is one of many initiatives that the Company is implementing in preparation for our intended uplisting to Nasdaq, which we believe is the next logical step in the Company's growth journey,' stated Gabriel René, Founder and Chief Executive Officer of Verses. 'We believe a listing on the Nasdaq, a major global exchange, aligns with the strategy and vision for the Company and will enhance our visibility, provide access to a larger pool of capital, attract a more diverse group of global shareholders and improve overall liquidity.' The Consolidation is intended to increase the quoted per share price of the Company's Subordinate Voting Shares to satisfy Nasdaq's initial listing requirement and to align the Company with trading fundamentals of its peers, improve liquidity and attract greater investment participation from a more diverse and larger set of investors. The Company's board of directors approved the Consolidation on March 3, 2025, and have set March 27, 2025 as the record date of the Consolidation. Trading of the Subordinate Voting Shares on a post-Consolidation basis on Cboe Canada Inc. is expected to commence on or about March 27, 2025. The new CUSIP number for the Subordinate Voting Shares will be 92539Q406 and the new ISIN number will be CA92539Q4060. The Company's name and stock symbol will remain unchanged following the Consolidation. As of the date hereof, the Company currently has 211,290,407 Subordinate Voting Shares issued and outstanding. The Consolidation will reduce the number of outstanding Subordinate Voting Shares to approximately 23,476,711 Subordinate Voting Shares issued and outstanding. Holders of physical share certificates of the Company are required to complete and return a letter of transmittal to the Company's transfer agent, Endeavor Trust Corporation, in order to receive their post-Consolidation Subordinate Voting Shares. Please visit for guidance on the process for returning your pre-consolidation share certificates and receiving your post-Consolidation Subordinate Voting Shares. Shareholders whose shares are represented by a direct registration system statement will automatically receive their post-Consolidation Subordinate Voting Shares without any further action. Shareholders who hold their shares through an intermediary are encouraged to contact their intermediaries if they have any questions. No fractional Subordinate Voting Shares will be issued under the Consolidation as fractional Subordinate Voting Shares will be rounded either up or down to the nearest whole number of Subordinate Voting Shares. The exercise price and number of Subordinate Voting Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the Consolidation ratio. Prior to listing on Nasdaq, the Company's listing application must be approved by Nasdaq and the Company must satisfy certain pricing and financing conditions. There can be no assurance the Company's listing application will be approved or that the Company will satisfy the required listing conditions in a timely manner, or at all. The Company is pleased to announce that in addition to being appointed an officer of the Company's wholly owned subsidiary Verses Inc., as previously announced in the Company's press release dated February 27, 2025, James Christodoulou has been appointed the Company's Chief Financial Officer and Kevin Wilson, the Company's former Chief Financial Officer, has been appointed the Company's Chief Accounting Officer. Kevin Wilson will also continue in his position as Secretary of the Company. Other related developments from around the markets include: Nvidia reported revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter and up 78% from a year ago. For the quarter, GAAP earnings per diluted share was $0.89, up 14% from the previous quarter and up 82% from a year ago. Non-GAAP earnings per diluted share was $0.89, up 10% from the previous quarter and up 71% from a year ago. For fiscal 2025, revenue was $130.5 billion, up 114% from a year ago. GAAP earnings per diluted share was $2.94, up 147% from a year ago. Non-GAAP earnings per diluted share was $2.99, up 130% from a year ago. Palantir Technologies announced the successful deployment of its specialized technological solutions within Societe Generale, a top tier European bank, for its international retail banking activities. The solution deployed relates to cutting-edge technologies ensuring the highest standards of security and data integrity. The partnership sees Societe Generale, integrate Palantir's state-of-the-art Anti Financial Crime solutions, tailored specifically to address the challenges faced by international financial institutions today. Built on Palantir Foundry, this suite of solutions includes advanced analytics, machine learning algorithms, and comprehensive risk assessment tools designed to detect, prevent, and mitigate financial crime's risks such as money laundering or fraud. Advanced Micro Devices unveiled the highly-anticipated AMD RDNA 4 graphics architecture with the launch of the AMD Radeon RX 9070 XT and RX 9070 graphics cards as a part of the Radeon RX 9000 Series. The new graphics cards feature 16GB of memory and extensive improvements designed for high-quality gaming graphics, including re-vamped raytracing accelerators and powerful AI accelerators for ultra-fast, cutting-edge performance, and breakthrough gaming experiences. The RX 9000 Series, powered by the new AMD RDNA 4 architecture, offers gamers and creators a powerful blend of performance, visuals, and value. These advanced graphics cards redefine incredibly fast, high-resolution gaming with third-generation raytracing technology enabling realistic lighting, shadows, and reflections to deliver immersive gaming experiences while integrating a suite of AMD features to maximize hardware utilization. Alphabet announced financial results for the quarter and fiscal year ended December 31, 2024. Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion reflecting robust momentum across the business. Google Services revenues increased 10% to $84.1 billion, reflecting the strong momentum across Google Search & other and YouTube ads. Google Cloud revenues increased 30% to $12.0 billion led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions. Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%. Net income increased 28% and EPS increased 31% to $2.15. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer. Contact:
