VANCOUVER - VERSES AI plans securities offering with terms to be determined

Published 08/07/2025, 21:50
VANCOUVER - VERSES AI plans securities offering with terms to be determined

VANCOUVER - VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSD), currently valued at $5.31 million and showing an impressive 19% return over the past year, announced Tuesday its intention to offer and sell securities through an agency public offering on a reasonable best-efforts basis, with specific terms to be determined at pricing.

The cognitive computing company, whose stock is currently trading at $53.58 with an 8.57% gain year-to-date, stated the offering will be priced according to market conditions, with final terms including the specific securities to be determined at the time of pricing. A.G.P. Canada Investments ULC will serve as lead agent, while A.G.P./Alliance Global Partners will act as U.S. agent.

VERSES indicated the closing remains subject to market and other customary conditions, including approval from Cboe Canada Inc. The company plans to file a preliminary prospectus supplement and subsequent final prospectus supplement to its short form base shelf prospectus from September 26, 2024, in Canadian provinces and territories except Quebec. According to InvestingPro, the company maintains a 0.82% dividend yield and has demonstrated strong recent market performance.

These documents will also be filed with the U.S. Securities and Exchange Commission as part of the company’s registration statement on Form F-10, which was declared effective on October 1, 2024.

The company noted in its press release statement that there is no assurance as to whether or when the offering may be completed, or regarding its actual size or terms.

VERSES AI describes itself as a cognitive computing company developing intelligent software systems modeled after natural processes.

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