Research analysts covering Verses AI.
Recent press releases and 8-K filings for VRSSF.
Verses AI Inc. Announces Workforce Restructuring and Strategic Refocus
VRSSF
Layoffs
Management Change
- Verses AI Inc. announced a refocused corporate strategy to concentrate resources on core target markets and highest-priority initiatives, effective January 16, 2026.
- This strategic shift includes a workforce restructuring that will reduce headcount by approximately half, affecting previously furloughed employees and executives not associated with core market activities.
- The company expects these actions, along with temporary salary deferrals by certain executives, to drastically reduce operating costs and improve its liquidity position.
Jan 23, 2026, 9:05 PM
VERSES AI Closes CAD$2.65 Million Convertible Debenture Unit Financing
VRSSF
Debt Issuance
- VERSES AI Inc. closed a non-brokered private placement offering of secured convertible debenture units, raising CAD$2.65 million in gross proceeds, with CAD$2.4 million received in cash.
- Each unit consists of a CAD$1,000 principal amount secured convertible debenture and 164 detachable share purchase warrants.
- The convertible debentures bear 15% annual interest, mature on December 18, 2027, and are convertible into Class A Subordinate Voting Shares at CAD$3.04 per Share.
- The warrants are exercisable at CAD$7.00 per Share until December 18, 2028.
- The net proceeds from the offering are intended for general working capital purposes.
Dec 29, 2025, 10:29 PM
Verses AI Announces CAD$14 Million Private Placement and Workforce Reduction
VRSSF
Layoffs
Guidance Update
- VERSES AI Inc. announced a private placement financing agreement with a notional value of CAD$14 million.
- 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.
- The company initiated a workforce reduction program including targeted staff reductions, furloughs, and executive salary deferrals.
- 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.
Nov 3, 2025, 10:20 PM
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