8-K - Verses AI Inc. | StockGist

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VERSES AI Inc. closed a second tranche of a non-brokered private placement, issuing 473,500 units for gross proceeds of C$355,125, bringing the total offering proceeds to C$1,100,930.

Key Takeaways

1The Company issued 473,500 units at C$0.75 per unit, raising C$355,125 in gross proceeds in the second tranche.

2Aggregate gross proceeds from the total Offering reached C$1,100,930, with an additional C$132,300 in liabilities extinguished.

3Each Unit consists of one Class A Subordinate Voting Share and one-half of one Share purchase warrant exercisable at C$1.00.

4Net proceeds are intended to strengthen the financial position, finance R&D operations, and for working capital.

5The Company paid C$10,410 in finder fees and issued 29,880 finder warrants in connection with the second tranche.

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

Other Events.** On March 27, 2026, the Company issued a press release announcing the closing of a non-brokered private placement of 473,500 units of the Company

Other Event

9.01

. Financial Statements and Exhibits** (d) Exhibits. | Exhibit No. | | Description | |---|---|---| | 99.1 | | Press Release dated March 27, 2026 | | 104 | | Cove

Exhibits Only

Source Document

Transaction Details

Debt / Financing

Instrument: Private Placement of Units
Principal: C$355,125 (Second Tranche); C$1,100,930 (Total Offering)
Use of Proceeds: Finance continuing operations, R&D objectives, working capital

Exhibits (2)

8-K

99.1

EX-99.1