VERSES AI INC - VRSSF STOCK NEWS

VERSES AI Inc. (OTCQX:VRSSF) has announced the successful exercise of various warrants and stock options, generating total gross proceeds of $2,486,300. This includes the exercise of 189,130 broker warrants, 1,826,996 Class A subordinate voting share purchase warrants, and 650,000 stock options. As a result, 2,666,126 Class A subordinate voting shares were issued. CEO Gabriel René expressed satisfaction with the strengthened financial position, asserting that the additional funds bolster the balance sheet and offer a runway to fulfill the company’s vision, thanking investors for their support. VERSES specializes in cognitive computing and is known for its flagship product, GIA™, powered by the KOSMOS™ operating system, which enhances collaboration between humans and AI.

VERSES AI Inc. (OTCQX:VRSSF), a cognitive computing company, announced that its Co-Founder and President, Dan Mapes, along with Chief Scientist, Karl Friston, will be keynote speakers at the Dutch AI Congress Conference (NL AIC) on April 12, 2023. The event, held at Jaarbeurs in Utrecht, aims to foster collaboration across sectors to enhance AI development in the Netherlands. VERSES specializes in next-generation AI and its flagship product, GIA™, is designed to act as an Intelligent Assistant powered by the KOSMOS™ operating system. This innovative approach emphasizes the transformation of disparate data into knowledge models, promoting collaboration between humans, machines, and AI. The company aims to elevate human potential through AI-inspired innovations.

VERSES AI Inc. (OTCQX: VRSSF) has successfully completed the third tranche of its non-brokered private placement, raising an additional C$600,000. This brings the total capital raised under the offering to C$7,504,845.30. The funds will be allocated for general working capital. The third tranche included fees of C$48,000 and 34,286 broker warrants, each entitling purchases of Class A Subordinate Voting shares at C$1.00 until August 15, 2025. All securities are subject to a four-month hold period. The company focuses on cognitive computing and next-generation AI solutions, particularly through its flagship product, GIA powered by KOSMOS.

VERSES Technologies Inc. has officially changed its name to Verses AI Inc. effective March 31, 2023, reflecting its focus on artificial intelligence. The company retains its trading symbol 'VERS' on the NEO Exchange. VERSES specializes in cognitive computing and its flagship product, GIA™, serves as an intelligent assistant. Powered by KOSMOS™, a network operating system, GIA™ enhances human and AI collaboration across various domains. This strategic rebranding aims to align the company more closely with its business objectives and market positioning.

VERSES Technologies Inc. (OTCQX: VRSSF) announced a strategic partnership with SimWell, a leader in digital simulations, to enhance business efficiency through advanced analytics and digital twin technologies. This collaboration aims to empower clients in various sectors such as retail, manufacturing, and logistics to leverage predictive modeling for data-driven decisions and cost optimization. SimWell becomes the first member of the VERSES developer network, focusing on building Intelligent Agents in the KOSMOS ecosystem. The partnership kicks off with a project for a global apparel brand, aiming to improve production processes and reduce operational costs.

VERSES Technologies Inc. (OTCQX:VRSSF) has announced the completion of the second tranche of its non-brokered private placement, raising an additional C$1,903,436. This brings the total raised in the private placement to C$6,904,845. The funds will be utilized for general working capital purposes. The company issued 664,860 detachable warrants, and finders were compensated with C$136,960 in fees and broker warrants. All securities are subject to a four-month hold period from the issuance date. The company continues to focus on its innovative AI solutions, leveraging cognitive computing.

VERSES Technologies Inc. (OTCQX:VRSSF) will officially rebrand to VERSES AI Inc. on March 31, 2023, pending NEO Exchange approval. This change aligns with the company’s focus on advanced AI systems. CEO Gabriel René emphasized that their aim is to lead in the Web 3.0 era, showcasing strong leadership with expertise from Fortune 500 and Global 1000 sectors. The company’s KOSMOS OS will launch in Q3, enhancing its market entry with innovative AI tools. Additionally, the first consumer AI agent, GIA, is expected later this year, building on research led by Chief Scientist Dr. Karl Friston, a prominent figure in neuroscience.

VERSES Technologies Inc. (OTCQX:VRSSF) announced a successful first tranche of its non-brokered private placement, raising gross proceeds of C$5,001,409. This tranche included the issuance of unsecured convertible debentures and 1,742,979 detachable warrants. The Company plans to increase the size of the Private Placement to a maximum of C$7,500,000, subject to NEO approval. Proceeds will be used for general working capital. Additionally, C$261,360 was paid in fees to finders along with 303,907 broker warrants. All securities issued are subject to a four-month hold period.