- **VERSES AI Inc.** announced a **private placement financing agreement** with a notional value of **CAD$14 million**.  **[1879001_0001493152-25-020634_ex99-1.htm:0]** **[1879001_0001493152-25-020634_form8-k.htm:2]** 
- The private placement involves issuing **2,333,334 Units** at **CAD$6.00 per Unit**, with each Unit consisting of one common share and one half of one common share purchase warrant exercisable at **CAD$7.00**.  **[1879001_0001493152-25-020634_ex99-1.htm:0]** **[1879001_0001493152-25-020634_form8-k.htm:2]** 
- The company initiated a **workforce reduction program** including targeted staff reductions, furloughs, and executive salary deferrals.  **[1879001_0001493152-25-020634_ex99-1.htm:1]** **[1879001_0001493152-25-020634_form8-k.htm:2]** 
- These combined actions are intended to **strengthen liquidity, streamline operations, reduce costs, and extend the cash runway** to accelerate the path to profitability and enhance focus on the Genius™ product.  **[1879001_0001493152-25-020634_ex99-1.htm:1]** **[1879001_0001493152-25-020634_form8-k.htm:2]**

Verses AI (VRSSF)