Welcome to our dedicated page for VERSES AI news (Ticker: VRSSF), a resource for investors and traders seeking the latest updates and insights on VERSES AI stock.
VERSES AI Inc. (VRSSF) is a cognitive computing company that regularly issues news and updates about its agentic software systems, enterprise intelligence platform Genius™, and related research and financing activities. Its news flow reflects developments in areas such as product commercialization, research milestones, spatial AI, and capital raising.
Investors and observers following VERSES news can expect announcements about financing arrangements, including private placements and secured convertible debenture offerings, where the company outlines terms such as interest rates, conversion prices, warrant structures, and intended use of proceeds for working capital and general corporate purposes. VERSES also reports on corporate initiatives such as workforce reduction programs designed to strengthen liquidity, streamline operations, and align expenses with revenue objectives.
On the technology side, VERSES issues news about Genius adoption across multiple industries, describing use cases in advertising and media, aviation, consulting, customer relationship management, manufacturing, financial services, legal services, environment and sustainability, and oil and gas. The company highlights collaborations with enterprises and resellers, as well as projects such as developing an active inference causal model of financial markets for a major global investment firm.
VERSES’ news releases also cover research and recognition in fields like spatial AI, world models, and robotics. Examples include being named as a sample vendor in a Gartner Emerging Tech Impact Radar report, sponsoring the International Workshop on Active Inference, and unveiling a robotics architecture that performs household-style tasks without pre-training. For those tracking VRSSF, this news page offers a centralized view of the company’s disclosed business developments, research activities, and financing events over time.
On May 17, 2024, VERSES AI announced the closing of the final tranche of its non-brokered private placement, raising C$10 million through the sale of 10 million special warrants at C$1.00 each. The proceeds will be used for corporate and working capital purposes, development of Genius™, and repayment of outstanding loans. Each special warrant converts into one unit, comprising one Class A Subordinate Voting share and one-half of a share purchase warrant, exercisable at C$1.50 for two years. Fees paid to finders included C$317,286 and 316,536 finder warrants. The securities are subject to a four-month hold period and are not registered under U.S. securities laws.
VERSES AI Inc. promotes Hari Thiruvengada PhD to Chief Product Officer as they shift focus from a technology startup to a product-driven scaleup. Dr. Thiruvengada, with extensive experience in product management, will lead the launch of Genius™, VERSES' Intelligence as a Service platform. The Company aims to mature research into commercial software under his leadership.
VERSES AI Inc. has closed the second tranche of its private placement, raising $9.3M through the sale of special warrants. Each special warrant converts into a unit, consisting of shares and warrants. The net proceeds will be used for corporate purposes, product development, and loan repayment. The company also paid fees to finders and insiders participated in the placement. The securities were offered in both USD and CAD denominations.
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