8-K - Verses AI Inc. | StockGist

AI Analysis

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Verses AI Inc. closed a non-brokered private placement of 1,170,807 units at C$0.75 per unit on March 13, 2026, raising gross cash proceeds of C$745,805 from 994,407 units and extinguishing C$132,300 in liabilities via 176,400 units. Proceeds will fund research and development, operations, and general corporate purposes.

Key Takeaways

1Issued 1,170,807 Units on March 13, 2026, each consisting of one Class A Subordinate Voting Share and one-half Warrant exercisable at C$1.00 for 24 months.

2Raised C$745,805 (US$547,644) gross cash from 994,407 Units before commissions and expenses.

3Extinguished C$132,300 (US$97,148) liabilities with 176,400 Units.

4Chairman Michael Blum subscribed for 53,333 Units for C$40,000, exempt related party transaction under MI 61-101.

5Paid C$16,160 finder's fees and issued 75,546 Finder Warrants to non-U.S. finders.

Current Report Details

Event Type

Securities Issuance

Other Event

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

3.02

by reference. The Units, the Unit Shares, the Warrants and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the “Securi

Securities Issuance

8.01

Other Events. On March 13, 2026, the Company issued a press release announcing the closing of the Offering. A copy of the press release is attached as Exhibit 9

Other Event

9.01

. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 4.1 Form of Warrant dated March 13, 2026 99.1 Press Release dated March 13, 2026 104 C

Exhibits Only

Source Document

Exhibits (3)

4.1

EX-4.1

8-K

99.1

EX-99.1