VERSES AI appoints former AWS executive David Scott to board

VANCOUVER - VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) announced Thursday the appointment of David T. Scott to its board of directors, effective immediately. Scott, who previously served as Head of Global Marketing Strategy, Analytics, and Operations at Amazon Web Services, replaces G. Scott Paterson, who stepped down from the board on September 30. The announcement comes as VERSES shares trade near their 52-week high of $62.61, having delivered an impressive 32% return over the past six months, according to InvestingPro data.

Scott brings over 25 years of executive leadership experience across global enterprises and startups. At AWS, he oversaw operations for a 3,500-person marketing team and led strategic growth initiatives. His career includes senior roles at Twitter, AT&T, PeopleSoft, Honeywell, and General Electric.

"I am honored to have this opportunity to join the Board at VERSES," Scott said in a statement released by the company.

The new board member currently serves on the board of marketing platform Marigold and has authored two HarperCollins bestsellers on marketing strategy. He teaches digital marketing at San Diego State University and serves as a guest lecturer at UC Berkeley’s Haas School of Business and the University of Pennsylvania’s Wharton School.

Scott holds dual bachelor’s degrees from The College of William & Mary and an MBA with distinction from the Wharton School.

VERSES AI describes itself as a cognitive computing company developing agentic software systems. Its flagship product, Genius, is an enterprise intelligence platform designed to generate domain-specific predictions and decisions.

The appointment comes as the company focuses on commercialization of its products, according to the press release statement.

In other recent news, VERSES AI Inc. announced the pricing of its public offering, which consists of 1,007,764 units priced at approximately $6.95 per unit, resulting in gross proceeds of about $7 million. Each unit includes one Class A subordinate voting share and one-half of a share purchase warrant, with the whole warrant exercisable at $8.41 per share for up to 36 months. This follows an earlier announcement by VERSES AI of its plans to offer and sell securities through an agency public offering. The terms of this offering are yet to be determined and will be based on market conditions at the time of pricing. A.G.P. Canada Investments ULC is set to lead the offering, with A.G.P./Alliance Global Partners acting as the U.S. agent. These developments reflect ongoing financial strategies by VERSES AI as it navigates the current market environment.

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