VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems, announced on July 14, 2025, the closing of its public offering of 1,007,764 units at C$9.50 (US$6.946) per unit, raising gross proceeds of C$9,573,758 (US$7,000,331). The offering supports VERSES’ mission to advance its Genius™ platform and cognitive computing technologies.
VERSES AI raised C$9,573,758 (US$7,000,331) through 1,007,764 units sold at C$9.50 (US$6.946) each.
Each unit includes one Class A share and one-half of a warrant, exercisable at C$11.50 (US$8.409) for 36 months.
Net proceeds to fund R&D, operations, and general corporate purposes.
Agents received C$450,000 commission and 35,271 compensation warrants; financial advisor paid US$250,000 and 75,000 warrants.
Offering completed under Canadian and U.S. securities regulations, with filings on SEDAR+ and EDGAR.
Current stock price: US$0.62 (OTCQB: VRSSD), market cap: US$25.1M as of July 14, 2025.
The offering, announced on July 9, 2025, and closed on July 14, 2025, consisted of 1,007,764 units, each comprising one Class A Subordinate Voting Share and one-half of a share purchase warrant. Each whole warrant is exercisable at C$11.50 (US$8.409) per share until July 14, 2028, subject to adjustments. A.G.P. Canada Investments ULC led the offering, with A.G.P./Alliance Global Partners as the U.S. agent. The company paid a C$450,000 cash commission and issued 35,271 compensation warrants to the agents, plus a US$250,000 fee and 75,000 warrants to a financial advisor, all with identical terms to the offering warrants.
The net proceeds will strengthen VERSES’ financial position, funding research and development for its Genius™ platform, a toolkit enabling machine learning engineers to create cognitive agents that reason, plan, and learn. The funds will also support working capital and general corporate purposes, enhancing liquidity for ongoing operations. As Gabriel René, Founder and CEO, noted, “This is an important milestone for the Company as our most significant institutional led offering,” emphasizing the strategic importance of this capital raise.
As of July 14, 2025, VERSES AI’s stock (OTCQB: VRSSD) trades at US$0.62, with a market cap of approximately US$25.1 million, reflecting a 1-year range of US$0.30–US$2.10. The offering follows a previous C$20 million raise in January 2025, indicating VERSES’ ongoing efforts to bolster its cognitive computing initiatives. The company’s focus on biologically inspired intelligent systems positions it in the $208 billion AI software market, projected to grow at a 35% CAGR through 2030.
The offering was conducted under a prospectus supplement dated July 9, 2025, to the base shelf prospectus receipted on September 26, 2024, filed with Canadian securities commissions (except Quebec) and the U.S. SEC via a Form F-10 registration statement (File No. 333-282301). Documents are available on SEDAR and EDGAR. The offering complied with all necessary approvals, including from Cboe Canada.
VERSES AI’s successful offering enhances its capacity to innovate in AI-driven software systems, leveraging its Genius™ platform to drive enterprise solutions. The company’s strategic focus and financial reinforcement position it for growth in the rapidly evolving AI market.
VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature.
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