Verses AI Inc. Announces LIFE Private Placement Offering up to C$10,000,000
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF) announced a non-brokered private placement offering of up to 12,500,000 units at $0.80 per unit, targeting gross proceeds of up to $10,000,000.
Each unit includes one Class A Subordinate Voting share and one-half of one share purchase warrant, with each whole warrant exercisable at $1.20 per share for 36 months from the closing date, expected around September 25, 2024. The offering leverages the listed issuer financing exemption from prospectus requirements, making the shares freely tradeable without a hold period.
The offering will be conducted across Canada, excluding Québec, and may extend to the U.S. under Regulation D exemptions, subject to regulatory approvals. Finders and advisors will receive a 6.5% cash commission and compensation warrants. Net proceeds will fund general working capital and corporate purposes.
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF) ha annunciato un'offerta di collocamento privato non intermediato fino a 12.500.000 unità a $0,80 per unità, con l'obiettivo di raccogliere fino a $10.000.000.
Ogni unità comprende una azione di voto subordinato di Classe A e una metà di un warrant d'acquisto di azioni, con ogni warrant intero esercitabile a $1,20 per azione per 36 mesi dalla data di chiusura, prevista intorno al 25 settembre 2024. L'offerta sfrutta l'esenzione da obblighi di prospetto per gli emittenti quotati, rendendo le azioni liberamente commerciabili senza un periodo di attesa.
L'offerta sarà effettuata in tutto il Canada, escluso il Québec, e potrebbe estendersi agli Stati Uniti in base alle esenzioni del Regolamento D, soggetta ad approvazioni regolatorie. Coloro che troveranno investitori e i consulenti riceveranno una commissione in contante del 6,5% e warrant di compensazione. I proventi netti finanzieranno il capitale circolante generale e scopi aziendali.
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF) anunció una oferta de colocación privada no intermediada de hasta 12,500,000 unidades a $0.80 por unidad, con el objetivo de obtener ingresos brutos de hasta $10,000,000.
Cada unidad incluye una acción de voto subordinado de Clase A y la mitad de un warrant de compra de acciones, siendo cada warrant entero ejercitable a $1.20 por acción durante 36 meses a partir de la fecha de cierre, que se espera sea alrededor del 25 de septiembre de 2024. La oferta aprovecha la exención de financiamiento de emisor cotizado de los requisitos de prospecto, lo que hace que las acciones sean libremente negociables sin período de retención.
La oferta se llevará a cabo en todo Canadá, excluyendo Quebec, y puede extenderse a los EE.UU. bajo las exenciones del Reglamento D, sujeto a aprobaciones regulatorias. Los agentes y asesores recibirán una comisión en efectivo del 6.5% y warrants de compensación. Los ingresos netos financiarán el capital de trabajo general y propósitos corporativos.
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF)는 중개인 없는 사모 배치를 통해 최대 12,500,000 단위를 개당 $0.80에 제공한다고 발표했으며, 목표는 최대 $10,000,000의 총 수익을 목표로 하고 있습니다.
각 단위는 하나의 A등급 보통주와 하나의 주식 구매 워런트의 절반이 포함되어 있으며, 각 전체 워런트는 종가로부터 36개월 동안 주당 $1.20에 행사할 수 있습니다. 마감일은 2024년 9월 25일경으로 예상됩니다. 이 제안은 투자자 등록 면제 규정을 활용하여, 주식이 구속 기간 없이 자유롭게 거래될 수 있도록 하고 있습니다.
이 제안은 퀘벡을 제외한 캐나다 전역에서 진행되며, 규제 승인을 전제로 미국으로의 확대도 가능할 수 있습니다. 발굴자와 상담자는 6.5%의 현금 수수료와 보상 워런트를 받게 됩니다. 순수익은 일반 운영 자금과 기업 목적에 사용될 것입니다.
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF) a annoncé une offre de placement privé non intermédié allant jusqu'à 12 500 000 unités à 0,80 $ par unité, visant à atteindre des recettes brutes allant jusqu'à 10 000 000 $.
Chaque unité comprend une action de vote subordonné de Classe A et une demi-part d'un bon de souscription d'actions, chaque bon de souscription entier pouvant être exercé au prix de 1,20 $ par action pendant 36 mois à compter de la date de clôture, prévue aux alentours du 25 septembre 2024. L'offre tire parti de l'exemption de financement des émetteurs cotés des exigences de prospectus, ce qui rend les actions librement négociables sans période de blocage.
L'offre sera réalisée dans tout le Canada, à l'exception du Québec, et pourrait s'étendre aux États-Unis sous les exemptions de la réglementation D, sous réserve des approbations réglementaires. Les intermédiaires et conseillers recevront une commission en espèces de 6,5 % ainsi que des bons de souscription de compensation. Les bénéfices nets seront destinés à financer le fonds de roulement général et les activités d'entreprise.
Verses AI Inc. (CBOE: VERS, OTCQX: VRSSF) kündigte eine nicht vermittelte Privatplatzierung von bis zu 12.500.000 Einheiten zu je 0,80 $ pro Einheit an, mit dem Ziel, Bruttoerlöse von bis zu 10.000.000 $ zu erzielen.
Jede Einheit beinhaltet eine Klasse-A-Unterstüzungsstimme und die Hälfte eines Aktienkaufoptionsscheins, wobei jede vollständige Option für 1,20 $ pro Aktie innerhalb von 36 Monaten nach dem Abschlussdatum, das für den 25. September 2024 erwartet wird, ausgeübt werden kann. Die Platzierung nutzt die Ausnahmeregelung für kotierte Emittenten hinsichtlich Prospektanforderungen, wodurch die Aktien ohne Sperrfrist frei handelbar sind.
Die Platzierung wird in ganz Kanada, mit Ausnahme von Québec, durchgeführt und kann unter den Ausnahmen gemäß Regulierung D in die USA ausgeweitet werden, vorbehaltlich regulatorischer Genehmigungen. Vermittler und Berater erhalten eine Barprovision von 6,5 % sowie Entschädigungswarrants. Die Nettomittel werden zur Finanzierung des allgemeinen Betriebs und unternehmerischer Zwecke verwendet.
- Potential to raise up to $10,000,000 in gross proceeds.
- Shares issued under the offering are freely tradeable without a hold period.
- Warrants exercisable at $1.20 per share for 36 months could incentivize future investment.
- Dilution risk for existing shareholders due to the issuance of new units and compensation warrants.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Verses AI Inc. (CBOE: VERS) (OTCQX:VRSSF) (“Verses” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") of up to 12,500,000 units of the Company (the "Units") at a price of
Each Unit will consist of one Class A Subordinate Voting share of the Company (a “Share”) and one-half of one Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at an exercise price of
The Offering has been structured to take advantage of the listed issuer financing exemption from prospectus requirements (the "Exemption") in Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), whereby shares issued pursuant to the Exemption are freely tradeable listed equity securities not subject to any hold period (see below). The Offering will be conducted in all the provinces of Canada, except Québec, under the Exemption, for aggregate gross proceeds up to C
In connection with the Offering, the Company will: (i) pay to certain finders and/or advisors a cash commission equal to
There is an offering document relating to the Offering (the "Offering Document") that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at verses.ai. Prospective investors should read the Offering Document before making an investment decision.
The net proceeds of the Offering will be used for general working capital and other general corporate purposes, all as more particularly described in the Offering Document.
The Offering is anticipated to close on or about September 25, 2024 (the “Closing Date”), and completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable U.S. state securities laws.
About VERSES
Verses is a cognitive computing company specializing in next-generation Artificial Intelligence. Modeled after natural systems and the design principles of the human brain and the human experience, Verses flagship offering, GIA™, is an Intelligent Agent for anyone powered by KOSM™, a network operating system enabling distributed intelligence. Built on open standards, KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and AI, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature. Learn more at VERSES, LinkedIn, and Twitter.
On Behalf of the Company
Gabriel René Verses AI Inc.
Co-Founder & CEO press@verses.io
Media and Investor Relations Inquiries
Leo Karabelas
Focus Communications President
info@fcir.ca
416-543-3120
Cautionary Note Regarding Forward-Looking Statements
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Verses believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, among others, the Company's ability to complete the Offering on the terms announced or at all and the use of proceeds of the Offering. Such statements and information reflect the current view of Verses. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Verses actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: the ability of the Company to complete the Offering on the terms announced or at all and the ability of the Company to use the proceeds of the Offering as announced or at all; the ability of the Company to obtain all necessary approvals, including approval of the Exchange; currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable).
Verses cautions that the foregoing list of material factors is not exhaustive. When relying on Verses' forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Verses has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Verses as of the date of this press release and, accordingly, are subject to change after such date. Verses does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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