On March 27, 2026, Verses AI Inc. (CBOE:VERS) announced the successful closing of a second tranche of its non-brokered private placement, issuing 473,500 units at a price of C$0.75 (approximately US$0.54) per unit. This tranche raised gross proceeds of C$355,125 (approximately US$257,318). Combined with a previously completed tranche announced on March 16, 2026, the company has raised a total of C$1,100,930 (approximately US$797,717) and extinguished C$132,300 (approximately US$95,863) in liabilities through the issuance of an aggregate of 1,644,307 units. Each unit consists of one Class A Subordinate Voting Share and one-half of one share purchase warrant, with each warrant allowing the purchase of one share at an exercise price of C$1.00 (approximately US$0.72) for a period of 24 months. The net proceeds from this offering are intended to strengthen the company's financial position and provide liquidity for ongoing operations, particularly in research and development. The offering is subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. This financing is expected to enhance the company's operational execution and strategic outlook, although it may lead to some dilution for existing shareholders.

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