UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of January 2025
Commission
File Number: 000-56692
VERSES
AI INC.
(Translation
of registrant’s name into English)
205
- 810 Quayside Drive
New
Westminster, British Columbia
Canada
V3M 6B9
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
VERSES
AI INC. |
| |
|
| |
By: |
/s/ Gabriel René |
| |
Name: |
Gabriel
René |
| |
Title:
|
Chief
Executive Officer |
| Date:
January 10, 2025 |
|
|
EXHIBIT
INDEX
Exhibit 99.1
VERSES AI Announces Pricing Of Unit
Offering
BASE SHELF PROSPECTUS AND PROSPECTUS
SUPPLEMENT TO BE ACCESSIBLE ON SEDAR+
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Jan. 07, 2025
— VERSES AI Inc. (CBOE: VERS) (“VERSES” or the “Company”) is pleased to announce it has entered into securities
purchase agreements with AI-focused institutional investors and certain existing investors of the Company for the purchase and sale of
12,738,854 units of the Company (the “Units”) for aggregate proceeds of approximately CDN$20 million. Each Unit will consist
of one Class A Subordinate Voting share of the Company (a “Share”) at an issue price of CDN$1.57 per share and one-half of
one Share purchase warrant (each whole Share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable into a
Share at an exercise price of CDN$1.96 per Share for 3 years following closing. The closing of the Offering is expected to take place
on or about January 9, 2024, subject to the satisfaction of customary closing conditions including but not limited to, the receipt of
all necessary approvals, including the approval of Cboe Canada Inc. (“CBOE”).
The Units are offered under the base shelf
prospectus of the Company receipted on September 26, 2024 (the “Base Shelf Prospectus”), as supplemented by a prospectus supplement
(the “Supplement”) to be prepared and filed in each of the provinces and territories of Canada other than Québec (collectively,
the “Jurisdictions”), in the United States pursuant to available exemptions from the registration requirements under applicable
United States securities laws, and in such other jurisdictions outside of Canada and the United States which are agreed to by the Company
and A.G.P. (as defined below).
The closing of the Offering remains subject
to market and other customary conditions.
A.G.P. Canada Investments ULC (“A.G.P.
Canada”) is acting as the lead agent for the Offering, A.G.P./Alliance Global Partners (A.G.P.) is acting as US Agent, Clear Street
LLC (“Clear Street”) and TriView Capital Ltd. (“TriView”) are acting as Financial Advisors in connection with
the 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.
Access to the Base Shelf Prospectus, the
Supplement, and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing
access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus and the Supplement are accessible
on SEDAR+ at www.sedarplus.ca.
An electronic or paper copy of the Base Shelf Prospectus,
the Supplement, and any amendment to the documents may be obtained, without charge, from A.G.P., 5063 North Service road, Suite 100,
Office 74, Burlington, Ontario L7L 5H6, by email to investmentbaking@allianceg.com attention: Investment Banking and by providing
the contact with an email address or address, as applicable. The Base Shelf Prospectus and the Supplement contain important detailed
information about the Company and the proposed Offering. Prospective investors should read the Supplement and the Base Shelf Prospectus
and the other documents the Company has filed on SEDAR+ before making an investment decision.
This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption
from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
About VERSES
VERSES is a cognitive computing company building
next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in
science, physics and biology, our flagship product, Genius™, is a toolkit for developers to generate intelligent software agents
that enhance existing applications with the ability to reason, plan, and learn. Imagine a Smarter World that elevates human potential
through technology inspired by Nature. Learn more at VERSES, LinkedIn and X.
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
This news release includes certain statements
and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking
statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such
as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “should”, “would” or will “potentially”
or “likely” occur. This information and these statements, referred to herein as “forward- looking statements”,
are not historical facts, are made as of the date of this news release and include without limitation, the Company’s ability to
complete the Offering on the terms announced or at all, the use of the net proceeds of the Offering, and the receipt of all necessary
approvals, including the approval of CBOE, and the Company’s objectives, focus, goals or future plans.
Such forward-looking statements are based on a
number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to obtain all necessary
approvals for the Offering, the ability of A.G.P. to secure interest in the Offering, the ability of the Company and A.G.P. to negotiate
a definitive agreement with respect to the Offering, and assumptions regarding the completion of the Offering and the timing thereof.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause
the actual plans, intentions, activities, results, performance or achievements of VERSES to be materially different from any future plans,
intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include,
without limitation: the Offering will not be completed on the timetable anticipated or at all, the use of proceeds from the Offering
will differ from management’s current expectations, the engagement of A.G.P. in connection with the Offering will not continue
as expected, the Company will not obtain all necessary approvals, including the approval of CBOE and applicable securities regulatory
authorities, risks relating to the extent and duration of the conflict in the Middle-East and Eastern Europe and its impact on global
markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel,
unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors”
in the Company’s annual information form dated July 2, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted
to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements
or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking
information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake
to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws. We seek safe harbor.
Exhibit
99.2
Verses
AI Inc. Announces Closing of $20,000,000 Prospectus Supplement Offering
NOT
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER,
British Columbia, Jan. 09, 2025 — 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”). Pursuant to the Offering, the Company issued 12,738,853 units of the Company (the “Units”)
at a price of C$1.57 per Unit for gross proceeds of approximately C$20,000,000. Each Unit is comprised of one Class A Subordinate Voting
Share of the Company (a “Share”) and one-half of one Share purchase warrant (each whole Share purchase warrant, a “Warrant”).
Each Warrant shall entitle the holder to purchase one Share of the Company (a “Warrant Share”) at an exercise price of C$1.96
per Warrant Share at any time until January 9, 2028, subject to adjustment in certain events. The Offering was completed pursuant to
an agency agreement dated January 9, 2025 between the Company and A.G.P. Canada Investments ULC ( “A.G.P. Canada”).
A.G.P.
Canada acted as the lead agent for the Offering, A.G.P./Alliance Global Partners (A.G.P.) acted as US Agent and Clear Street LLC (“Clear
Street”) and TriView Capital Ltd. (“TriView”) acted as Financial Advisors in connection with the Offering.
“We
are thrilled to close a successful offering with our partners at AGP,” said Gabriel René, founder and CEO of VERSES. “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.
In
connection with the Offering, the Company paid the A.G.P. Canada a cash commission equal to 8% of the gross proceeds of the Offering
and issued to the A.G.P. Canada or such selling agents such number of compensation warrants as is equal to an aggregate of 8% of the
number of Units sold pursuant to the Offering (the “Compensation Warrants”). Each Compensation Warrant is exercisable into
a Unit at an exercise price of C$1.57 per Unit until January 9, 2028. 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”). Copies of the Supplement and the Base
Shelf Prospectus can be obtained on SEDAR+ at www.sedarplus.ca.
This
press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities
in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended,
and applicable state securities laws.
About
VERSES
VERSES
is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature.
Designed around first principles found in science, physics and biology, our flagship product, Genius™, is a toolkit for developers
to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. Imagine a Smarter
World that elevates human potential through technology inspired by Nature. Learn more at VERSES, LinkedIn and X.
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
Verses AI (QB) (USOTC:VRSSF)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Verses AI (QB) (USOTC:VRSSF)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
