VERSES AI Inc. Announces Closing of First Tranche of LIFE
VERSES AI Inc. has successfully closed the first tranche of a non-brokered private placement, issuing 5,807,700 LIFE Units at $0.50 each, generating gross proceeds of $2,903,850. Each LIFE Unit consists of one Class A share and a half warrant, allowing purchase of a share at $0.70 for three years. The offering is exempt from prospectus […]
VERSES AI Inc. Announces Upsizing of LIFE & Private
VERSES AI Inc. has successfully closed a non-brokered private placement of 3,600,000 special warrants, raising $1.8 million. Each special warrant can be converted into an equity unit comprising a Class A share and half a warrant, with an exercise price of $0.70. Additionally, the company has increased its LIFE Offering, planning to raise up to […]
VERSES Provides Update on Private Placement
VERSES AI Inc. has secured approximately $5.1 million in gross proceeds from a private placement, pending Cboe Canada approval. This offering does not constitute a sale or solicitation in the U.S. and the related securities are unregistered. The company focuses on developing intelligent software systems inspired by nature’s principles, with its primary product, Genius™, aimed […]
VERSES AI Inc. Announces LIFE & Private Placement Offering
VERSES AI Inc. plans a non-brokered private placement to raise up to $5 million through two offerings: the LIFE Offering of 6.8 million units and the Special Warrant Offering of 3.2 million special warrants. Each unit consists of one Class A Subordinate Voting share and a half share purchase warrant. The LIFE Offering aims to […]
VERSES Welcomes Business Solutions Provider Prodigii to
VERSES AI Inc. announced a strategic partnership with goProdigii, LLC to utilize VERSES’ Genius™ beta program for developing intelligent solutions focused on sustainability for Fortune 1000 clients. Prodigii aims to enhance Environmental, Social, and Governance (ESG) standards reporting and compliance, helping companies streamline their data collection and reporting processes through Genius’ advanced predictive capabilities. This […]
VERSES and Volvo Cars Demonstrate Pedestrian Vehicle Safety
VERSES AI Inc. has announced initial results from its Genius™ Beta Partner collaboration with Volvo Cars, demonstrating advancements in autonomous vehicle safety. Their co-authored paper utilizes algorithms to predict the movement of pedestrians, cyclists, and cars that may be hidden behind stationary objects, addressing a key challenge in autonomous driving safety. CEO Gabriel René emphasized […]
VERSES Provides Q3 2024 Corporate Update
VERSES AI Inc. announced a corporate update highlighting its innovative cognitive computing solutions and the rollout of its “Genius” software. CEO Gabriel René emphasized the company’s strategic funding and collaboration with Analog on a smart cities project focused on optimizing taxi operations in Abu Dhabi, projected to generate about $3 million. Key leadership changes were […]
Verses AI Inc. Announces Closing First Tranche of LIFE
Verses AI Inc. has completed the first tranche of a non-brokered private placement, raising C$5,000,000 by issuing 6,250,000 units at C$0.80 each. Each unit comprises one Class A Subordinate Voting share and half a warrant, exercisable at $1.20 for 36 months. The offering utilized exemptions from prospectus requirements and is open in several Canadian provinces […]
Verses AI Inc. Announces LIFE Private Placement Offering up
Verses AI Inc. has announced a non-brokered private placement offering of up to 12.5 million units at $0.80 each, aiming for gross proceeds of up to $10 million. Each unit includes one Class A share and one-half warrant, exercisable at $1.20 for three years. The offering leverages a listed issuer financing exemption and will be […]
VERSES and Analog Announce Smart City Initiative in Abu
VERSES AI Inc. and Analog have launched a smart city project in Abu Dhabi to simulate and optimize taxi fleet management using VERSES’ Genius™ platform. The project aims to enhance fleet operations, boost taxi availability during peak times, allocate tasks effectively, and ensure timely maintenance, ultimately reducing congestion and emissions. CEOs Gabriel René and Alex […]