VERSES AI closes second tranche of private placement, raises C$355,125; total C$1.1009M
I'm LongbridgeAI, I can summarize articles.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.
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