---
title: "VERSES AI closes second tranche of private placement, raises C$355,125; total C$1.1009M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281228796.md"
description: "VERSES AI has successfully completed the second tranche of a non-brokered private placement, raising C$355,125 by issuing 473,500 units. This brings the total proceeds from the offering to C$1,100,930. Each unit consists of one Class A share and half a warrant, with warrants exercisable at C$1.00 for 24 months. The net proceeds will be used to enhance liquidity, fund R&D, and for general purposes. Additionally, C$10,410 in cash finders’ fees were paid, and 29,880 finder warrants were issued, with securities subject to a 4-month hold."
datetime: "2026-03-31T18:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281228796.md)
  - [en](https://longbridge.com/en/news/281228796.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281228796.md)
generator: "portal-rs"
---

# VERSES AI closes second tranche of private placement, raises C$355,125; total C$1.1009M

**VERSES AI completed a second tranche of a non‑brokered private placement, issuing 473,500 units for gross proceeds of C$355,125 to bring total Offering proceeds to C$1,100,930.**

**Key Highlights:**

-   Issued 473,500 units at C$0.75 per unit in second tranche, raising C$355,125 (approx. US$257,318).
-   Aggregate Offering: 1,644,307 units for total gross proceeds of C$1,100,930 (approx. US$797,717).
-   Each unit = one Class A share + 0.5 warrant; warrants exercisable at C$1.00 for 24 months.
-   Net proceeds intended to strengthen liquidity, fund R&D expenses, working capital and general purposes.
-   Paid C$10,410 cash finders’ fees and issued 29,880 finder warrants; securities subject to 4‑month hold.

Original SEC Filing: Verses AI Inc. \[ VRSSF \] - 8-K - Mar. 31, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**