IPO - Verses AI Inc.

Form Type: 8-K

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: New

Accession Number: 000164117225006187

Filing Summary: On April 23, 2025, Verses AI Inc. entered into an agency agreement with Clear Street LLC, A.G.P. Canada Investments ULC, and A.G.P./Alliance Global Partners for a public offering of 2,750,000 units at a price of US$2.88 per unit. The offering aims to generate gross proceeds of US$7,929,000 before expenses. Each unit consists of one class A subordinate voting share and half a transferable share purchase warrant. The warrants allow holders to acquire shares at an exercise price of US$3.6045 for 36 months. Compensation warrants will be issued to the agents equivalent to 3.5% of the total units sold, with adjusted terms for the President’s List. The closing of the sale of the units is expected on April 25, 2025, contingent on customary conditions. Additional press releases regarding the offering have been issued on April 23 and 24, 2025, with various consents included in the filing as exhibits.