The cash commission and the number of Compensation Warrants was reduced to 2.0% in respect to the portion of aggregate gross proceeds of the Offering attributable to subscribers identified by the Company. The Offering was completed pursuant to a prospectus supplement dated January 7, 2025 (the "Supplement”) to the Company’s base shelf prospectus receipted on September 26, 2024 (the "Base Shelf Prospectus").
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan.09, 2025 (GLOBE NEWSWIRE) -- Verses AI Inc.(CBOE: VERS) ("Verses” or the "Company”) is pleased to announce that the Company has closed its previously announced "reasonable best efforts” offering by way of prospectus supplement (the "Offering”).
"This is an important milestone for the Company as our most significant institutional led offering.” The net proceeds of the Offering are expected to be used primarily to strengthen the Company's financial position and provide liquidity to finance ongoing operations, including, in particular, the Company’s expenses incurred, and expected to be incurred, in connection with the Company’s research and development objectives, and for working capital and general corporate purposes.
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