# EDGAR Filing Document

**Accession Number:** 0001879001
**File Stem:** 0001641172-25-019759
**Filing Date:** 2025-7
**Character Count:** 34131
**Document Hash:** e0e0a64152b73b274f1c89c77db5b53d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-019759.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001641172-25-019759

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250709

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Verses AI Inc.
- **CENTRAL INDEX KEY:** 0001879001
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56692
- **FILM NUMBER:** 251125800

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 595 HOWE STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6C2T5
- **BUSINESS PHONE:** (310) 988-1944

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 595 HOWE STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6C2T5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Verses Technologies Inc.
- **DATE OF NAME CHANGE:** 20210818

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): July 9, 2025

**VERSES AI INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **British Columbia, Canada** | **000-56692** | **88-2921736** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

**2121 Avenue of the Stars, 8th Floor**

**Los Angeles, CA 90067**

(Address of Principal Executive Offices and Zip Code)

Registrant's telephone number, including area code: **(310) 988-1944**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

**Warrant Indenture**

On July 9, 2025, the Company entered into a warrant indenture (the "**Warrant Indenture**") with Endeavor Trust Corporation with respect to the Company's issuance of up to 503,882 Class A Subordinate Voting Share purchase warrants (the "**Unit Warrants**"), with each Unit Warrant exercisable into one Class A Subordinate Voting Share of the Company (each, a "**Unit Warrant Share**") at an exercise price of US8.409 (C$11.50) per Unit Warrant Share for a period of 36 months from the date of issuance. The Unit Warrants are governed by the terms and conditions of the Warrant Indenture, which: (i) provides for adjustment to the exercise price of the Unit Warrants and/or to the number or kind of securities issuable upon the exercise of the Unit Warrants upon the occurrence of certain events specified in the Warrant Indenture; and (ii) includes certain beneficial ownership limitations under which Unit Warrants will not be exercisable to the extent that, after giving effect to the issuance of the Unit Warrant Shares issuable upon such exercise of the Unit Warrants, the holder, together with its affiliates and other persons acting as a group with the holder or any of its affiliates, would beneficially own in excess of 4.99% of the number of the Company's Class A Subordinate Voting Shares outstanding immediately after giving effect to such issuance (such beneficial ownership limitation may be increased or decreased by the holder upon notice to the Company, to a maximum of 9.99%).

The forgoing summary of the Warrant Indenture is qualified in its entirety by a copy of the Warrant Indenture, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

**Compensation Warrants and Corporate Finance Fee Warrant**

In connection with the closing of the public offering of 1,007,764 units of the Company at a price of US$6.946 (C$9.50) per unit (the "**Offering**"), with each unit consisting of one Class A Subordinate Voting Share of the Company and one half of one Unit Warrant, the Company paid A.G.P. Canada Investments ULC ("**A.G.P. Canada**") and A.G.P./Alliance Global Partners ("**A.G.P. U.S.**", and together with A.G.P. Canada, the "**Agents**") a cash commission of US$329,040 (C$450,000). The Company also issued 35,271 compensation warrants (the "**Compensation Warrants**") to the Agents, with each Compensation Warrant exercisable into one Class A Subordinate Voting Shares of the Company (the "**Compensation Warrant Shares**") at an exercise price of US$8.409 (C$11.50) per Compensation Warrant Share for a period of 36 months from the date of issuance.

Additionally, in connection with the Offering, the Company paid a cash fee of US$250,000 (C$341,904) toTriView Capital Ltd. ("**Triview**"), and issued a share purchase warrant to TriView (the "**Corporate Finance Fee Warrant**") exercisable into 75,000 Class A Subordinate Voting Shares of the Company (the "**Corporate Finance Fee Warrant Shares**") at an exercise price of US$8.409 (C$11.50) per Corporate Finance Fee Warrant Share for a period of 36 months from the date of issuance.

Each of the Compensation Warrants and the Corporate Finance Fee Warrant are governed by warrant certificates, the form of which is attached hereto as Exhibit 4.2 and is incorporated herein by reference.

**Item 8.01 Other Events.**

On July 11, 2025, the Company issued a press release announcing the closing of the Offering. A copy of the press release is furnished as Exhibit 99.1.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 4.1 | [Warrant Indenture dated July 9, 2025 between the Company and Endeavor Trust Corporation (Incorporated by reference to Exhibit 4.8 to the Company's Annual Report on Form 10-K filed on July 14, 2025)](https://www.sec.gov/Archives/edgar/data/1879001/000164117225019545/ex4-8.htm) |
| 4.2 | [Form of Warrant Certificate](ex4-2.htm) |
| 99.1 | [Press Release dated July 11, 2025](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

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 hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **VERSES AI INC.** | **VERSES AI INC.** |
| Dated: July 15, 2025 | By: | */s/ James Christodoulou* |
|  | Name: | James Christodoulou |
|  | Title: | Chief Financial Officer |

---

## Exhibit 4.2

**Exhibit 4.2**

**FORM OF WARRANT CERTIFICATE**

**WARRANTS TO PURCHASE SUBORDINATE**

**VOTING SHARES OF VERSES AI INC.**

(a Company incorporated under the laws of British Columbia)

CUSIP No. 92539Q174

Warrant Certificate Number: ________________Representing ______________Warrants to purchase Subordinate Voting Shares

THIS CERTIFIES that, for value received, the registered holder hereof, ___________________ (the "**holder**") is entitled, at any time at or before 5:00 p.m. (Vancouver time) on July 11, 2028 (the "**Time of Expiry**"), to acquire, subject to adjustment in certain events, the number of Subordinate Voting Shares ("**Subordinate Voting Shares**") of Verses AI Inc. (the "**Company**") specified above, as presently constituted, by surrendering to Endeavor Trust Corporation (the "**Warrant Agent**") at its principal office in Vancouver, British Columbia this Warrant Certificate with the duly completed and executed Exercise Form endorsed on the back of this Warrant Certificate, at the exercise price of C$11.50 per Warrant Share (subject to adjustment in certain events) (the "**Exercise Price**") pursuant to the "cashless exercise", only if permitted pursuant to Section 4.2 of the Warrant Indenture (as defined below).

The holder of this Warrant Certificate may purchase less than the number of Subordinate Voting Shares which he is entitled to purchase on the exercise of the Warrants represented by this Warrant Certificate, in which event a new Warrant Certificate representing the Warrants not then exercised will be issued to the holder.

The Warrants evidenced hereby are exercisable on or before the Time of Expiry, after which time the Warrants evidenced hereby shall be deemed to be void and of no further force or effect.

This Warrant Certificate represents Warrants of the Company issued or issuable under the provisions of a warrant indenture (which indenture together with all other instruments supplemental or ancillary thereto is herein referred to as the "**Warrant Indenture**") dated as of July 9, 2025, between the Company and the Warrant Agent, as may be amended from time to time, which contains particulars of the rights of the holders of the Warrants and the Company and of the Warrant Agent in respect thereof and the terms and conditions upon which the Warrants are issued and held, all to the same effect as if the provisions of the Warrant Indenture were herein set forth, to all of which the holder of this Warrant Certificate by acceptance hereof assents. Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Warrant Indenture. A copy of the Warrant Indenture will be available for inspection at the principal office of the Company in the City of Vancouver, British Columbia. In the event of any conflict between the provisions contained in this Warrant Certificate and the provisions of the Warrant Indenture, the provisions of the Warrant Indenture shall prevail. For the avoidance of doubt, the exercise of Warrants represented by this Warrant Certificate shall at all times be subject to S.4.9(2) of the Warrant Indenture.

Upon acceptance hereof, the holder hereof hereby expressly waives the right to receive any fractional Subordinate Voting Shares upon the exercise hereof in full or in part and further waives the right to receive any cash or other consideration in lieu thereof. The Warrants represented by this Warrant Certificate shall be deemed to have been surrendered only upon personal delivery thereof or, if sent by post or other means of transmission, upon actual receipt thereof by the Warrant Agent at its office in the City of Vancouver, British Columbia.

Upon due exercise of the Warrants represented by this Warrant Certificate upon a "cashless exercise", the Company shall cause to be issued to the person(s) in whose name(s) the Subordinate Voting Shares so subscribed for (provided that if the Subordinate Voting Shares are to be issued to a person other than the registered holder of this Warrant Certificate, the holder's signature on the Exercise Form herein shall be guaranteed by a Schedule I Canadian chartered bank, or by a medallion signature guarantee from a member of a recognized Signature Medallion Guarantee Program and the holder shall pay to the Company or the Warrant Agent all applicable transfer or similar taxes and the Company shall not be required to issue or deliver certificates evidencing the Subordinate Voting Shares unless or until the holder shall have paid the Company or the Warrant Agent the amount of such tax (or shall have satisfied the Company that such tax has been paid or that no tax is due)), the number of Subordinate Voting Shares to be issued to such person(s) and such person(s) shall become a holder in respect of such Subordinate Voting Shares with effect from the date of such exercise, and upon due surrender of this Warrant Certificate and all other documentation required, the Warrant Agent shall cause the issuance of a certificate(s) representing such Subordinate Voting Shares to be issued within three Business Days after the exercise of the Warrants (or portion thereof) represented hereby.

Pursuant to Section 4.2 of the Warrant Indenture, no Warrantholder will be permitted to exercise Warrants other than pursuant to a "cashless exercise" as described herein. If the Current Market Price exceeds the Exercise Price, the Warrant may be exercised by means of a "cashless exercise" in which the holder of Warrants shall be entitled to surrender a Warrant to the Company in exchange for the issuance of the number of Subordinate Voting Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where: (a) (A) equals the Current Market Price on the trading day immediately preceding the date of the receipt by the Warrant Agent of the notice of exercise; (b) (B) equals the Exercise Price per Subordinate Voting Share of such Warrant, as adjusted; and (c) (X) equals the number of Subordinate Voting Shares that would otherwise be issuable upon exercise of such Warrant in accordance with its terms by means of a cash exercise rather than a cashless exercise.

The issue price for each such Subordinate Voting Share to be issued pursuant to the cashless exercise of a Warrant will be equal to (B), as defined above, and the total issue price for the aggregate number of Subordinate Voting Shares issued pursuant to the cashless exercise of a Warrant will be paid and satisfied in full by the surrender to the Company of such Warrant.

The holder acknowledges that the Warrants represented by this Warrant Certificate and the Subordinate Voting Shares issuable upon exercise hereof may be offered, sold or otherwise transferred only in compliance with all applicable securities laws.

No transfer of any Warrant will be valid unless entered on the register of transfers, upon surrender to the Warrant Agent of the Warrant Certificate evidencing such Warrant, duly endorsed by, or accompanied by a transfer form or other written instrument of transfer in form satisfactory to the Warrant Agent executed by the registered holder or his executors, administrators or other legal representatives or his or their attorney duly appointed by an instrument in writing in form and execution satisfactory to the Warrant Agent. Subject to the provisions of the Warrant Indenture and upon compliance with the reasonable requirements of the Warrant Agent, Warrant Certificates may be exchanged for Warrant Certificates representing in the aggregate an equal number of Warrants. The Company and the Warrant Agent may treat the registered holder of this Warrant Certificate for all purposes as the absolute owner hereof. The holding of the Warrants represented by this Warrant Certificate shall not constitute the holder hereof a holder of Subordinate Voting Shares nor entitle him to any right or interest in respect thereof except as herein and in the Warrant Indenture expressly provided.

The Warrant Indenture provides for adjustment in the number of Subordinate Voting Shares to be delivered upon exercise of the right of purchase hereby granted and to the Exercise Price in certain events therein set forth.

The Warrant Indenture contains provisions making binding upon all holders of Warrants outstanding thereunder resolutions passed at meetings of such holders held in accordance with such provisions and instruments in writing signed by the Warrantholders holding a specified percentage of the then outstanding Warrants.

The Warrants and the Warrant Indenture shall be governed by and performed, construed and enforced in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein. Time shall be of the essence hereof and of the Warrant Indenture.

The Company may from time to time at any time prior to the Time of Expiry purchase any of the Warrants by private agreement or otherwise.

This Warrant Certificate shall not be valid for any purpose until it has been certified by or on behalf of the Warrant Agent for the time being under the Warrant Indenture.

This Warrant Certificate may be signed by facsimile or other electronic means, which shall be deemed to be an original and shall be deemed to have the same legal effect and validity as a certificate bearing an original signature.

*(Signature page follows)*

 

**IN WITNESS WHEREOF** the Company has caused this Warrant Certificate to be duly executed as of

_____________________________

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| | |
|:---|:---|
| **VERSES AI INC.** | **VERSES AI INC.** |
| By: |  |
|  | Authorized Signatory |

---

Countersigned and Registered by:

---

| | |
|:---|:---|
| **ENDEAVOR TRUST CORPORATION** | **ENDEAVOR TRUST CORPORATION** |
| By: |  |
|  | Authorized Signatory |

---

**<u>EXERCISE FORM</u>**

---

| | |
|:---|:---|
| TO: | VERSES AI INC. |
| AND TO: | ENDEAVOR TRUST CORPORATION |
|  | Suite 702, 777 Hornby Street |

---

Vancouver, British Columbia

V6Z 1S4

The undersigned holder of the Warrants evidenced by this Warrant Certificate hereby exercises the right to acquire __________ Subordinate Voting Shares of Verses AI Inc., only if permitted pursuant to Section 4.2 of the Warrant Indenture, by means of a "cashless exercise" in which the holder of Warrants shall be entitled to receive a certificate for the number of Subordinate Voting Shares equal to the quotient obtained by dividing [(A- B) (X)] by (A), where (i) (A) equals the Current Market Price on the trading day immediately preceding the date of the receipt by the Warrant Agent of the notice of exercise; (ii) (B) equals the Exercise Price per Subordinate Voting Share of each Warrant, as adjusted; and (iii) (X) equals the number of Subordinate Voting Shares that would otherwise be issuable upon exercise of the Warrants in accordance with their terms by means of a cash exercise rather than a cashless exercise, and the undersigned hereby agrees that the issue price for each such Subordinate Voting Share pursuant to this cashless exercise of such Warrants is equal to (B), as defined above, and the undersigned hereby surrenders all such Warrants to Verses AI Inc. in full payment and satisfaction of the total issue price for such Subordinate Voting Shares pursuant to this cashless exercise of such Warrants.

Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the warrant indenture between Verses AI Inc. and Endeavor Trust Corporation dated July [ ], 2025 (the "**Warrant Indenture**").

The undersigned hereby acknowledges that the undersigned is aware that the Subordinate Voting Shares received on exercise may be subject to restrictions on resale under applicable Securities Laws.

The undersigned hereby irrevocably directs that the said Subordinate Voting Shares be issued, registered and delivered as follows:

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| | | |
|:---|:---|:---|
| **NAME(S) IN FULL** | **ADDRESS(ES)** | **NUMBER OF COMMON SHARES** |

---

Once completed and executed, this Exercise Form must be mailed or delivered to **Endeavor Trust Corporation, c/o Securities Processing**.

DATED this _____day of _____________, 20__ .)

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| |
|:---|
| (Signature of Warrantholder, to be the same as appears on the face of this Warrant Certificate) |
| Name of Registered Warrantholder |

---

☐ Please check if the certificates or DRS representing the Subordinate Voting Shares are to be delivered at the office where this Warrant Certificate is surrendered, failing which such certificates or DRS will be mailed to the address set out above. Certificates or DRS will be delivered or mailed as soon as practicable after the surrender of this Warrant Certificate to the Warrant Agent.

**<u>TRANSFER FORM</u>**

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| | | |
|:---|:---|:---|
| TO: | Verses AI Inc. (the "**Company**") | Verses AI Inc. (the "**Company**") |
|  | AND TO: | ENDEAVOR TRUST CORPORATION |
|  |  | Suite 702, 777 Hornby Street |
|  |  | Vancouver, British Columbia |
|  |  | V6Z 1S4 |

---

ANY TRANSFER OF WARRANTS WILL REQUIRE COMPLIANCE WITH APPLICABLE SECURITIES LEGISLATION. TRANSFERORS AND TRANSFEREES ARE URGED TO CONTACT LEGAL COUNSEL BEFORE EFFECTING ANY SUCH TRANSFER.

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers to

________________________________________________________________________________________

________________________________________________________________________________________

____________________(print name and address) the Warrants represented by this Warrants Certificate and hereby irrevocable constitutes and appoints as its attorney with full power of substitution to transfer the said securities on the appropriate register of the Warrant Agent.

(Please print. If securities are issued to a person other than the registered Warrantholder, the holder must pay to the Warrant Agent all applicable taxes and the signature of the holder must be guaranteed by a Schedule I Canadian chartered bank, or by a medallion signature guarantee from a member of a recognized Signature Medallion Guarantee Program).

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| |
|:---|
| Signature of Transferor |
| Name of Transferor |

---

**REASON FOR TRANSFER – For US Residents only (where the individual(s) or Company receiving the securities is US resident). Please select only one (see instructions below).**

☐ Gift ☐ Estate ☐ Private Sale ☐ Other (or no change in ownership)

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| | | |
|:---|:---|:---|
| Date of Event (Date of gift, death or sale): | Value per Warrant on the date of event: |  |
| ![](ex4-2_001.jpg) | ![](ex4-2_001.jpg) | ☐ CAD <u>OR</u> ☐ USD |

---

**CERTAIN REQUIREMENTS RELATING TO TRANSFERS – READ CAREFULLY**

The signature(s) of the transferor(s) must correspond with the name(s) as written upon the face of this certificate(s), in every particular, without alteration or enlargement, or any change whatsoever. All securityholders or a legally authorized representative must sign this form. The signature(s) on this form must be guaranteed in accordance with the transfer agent's then current guidelines and requirements at the time of transfer. Notarized or witnessed signatures are not acceptable as guaranteed signatures. As at the time of closing, you may choose one of the following methods (although subject to change in accordance with industry practice and standards):

● **Canada and the USA:** A Medallion Signature Guarantee obtained from a member of an acceptable
 Medallion Signature Guarantee Program (STAMP, SEMP, NYSE, MSP). Many commercial banks, savings
 banks, credit unions, and all broker dealers participate in a Medallion Signature Guarantee
 Program. The Guarantor must affix a stamp bearing the actual words "Medallion Guaranteed",
 with the correct prefix covering the face value of the certificate.

● **Canada:** A Signature Guarantee obtained from an authorized officer of the Royal Bank of Canada, Scotia
 Bank or TD Canada Trust. The Guarantor must affix a stamp bearing the actual words "Signature
 Guaranteed", sign and print their full name and alpha numeric signing number. Signature
 Guarantees are not accepted from Treasury Branches, Credit Unions or Caisse Populaires unless
 they are members of a Medallion Signature Guarantee Program. For corporate holders, corporate
 signing resolutions, including certificate of incumbency, are also required to accompany
 the transfer, unless there is a "Signature & Authority to Sign Guarantee"
 Stamp affixed to the transfer (as opposed to a "Signature Guaranteed" Stamp)
 obtained from an authorized officer of the Royal Bank of Canada, Scotia Bank or TD Canada
 Trust or a Medallion Signature Guarantee with the correct prefix covering the face value
 of the certificate.

● **Outside North America:** For holders located outside North America, present the certificates(s)
 and/or document(s) that require a guarantee to a local financial institution that has a corresponding
 Canadian or American affiliate which is a member of an acceptable Medallion Signature Guarantee
 Program. The corresponding affiliate will arrange for the signature to be over-guaranteed.

OR

The signature(s) of the transferor(s) must correspond with the name(s) as written upon the face of this certificate(s), in every particular, without alteration or enlargement, or any change whatsoever. The signature(s) on this form must be guaranteed by an authorized officer of Royal Bank of Canada, Scotia Bank or TD Canada Trust whose sample signature(s) are on file with the transfer agent, or by a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, NYSE, MSP). Notarized or witnessed signatures are not acceptable as guaranteed signatures. The Guarantor must affix a stamp bearing the actual words: "SIGNATURE GUARANTEED", "MEDALLION GUARANTEED" OR "SIGNATURE & AUTHORITY TO SIGN

GUARANTEE", all in accordance with the transfer agent's then current guidelines and requirements at the time of transfer. For corporate holders, corporate signing resolutions, including certificate of incumbency, will also be required to accompany the transfer unless there is a "SIGNATURE & AUTHORITY TO SIGN GUARANTEE" Stamp affixed to the Form of Transfer obtained from an authorized officer of the Royal Bank of Canada, Scotia Bank or TD Canada Trust or a "MEDALLION GUARANTEED" Stamp affixed to the Form of Transfer, with the correct prefix covering the face value of the certificate.

**<u>REASON FOR TRANSFER – FOR US RESIDENTS ONLY</u>**

Consistent with US IRS regulations, Endeavor Trust Corporation is required to request cost basis information from US securityholders. Please indicate the reason for requesting the transfer as well as the date of event relating to the reason. The event date is not the day in which the transfer is finalized, but rather the date of the event which led to the transfer request (i.e. date of gift, date of death of the securityholder, or the date the private sale took place).

**<u>NOTES:</u>**

1. The
 signature to this transfer must correspond with the name as recorded on the Warrants in every
 particular without alteration or enlargement or any change whatever. The signature of the
 person executing this transfer must be guaranteed by a Schedule I Canadian chartered bank,
 or by a medallion signature guarantee from a member of a recognized Signature Medallion Guarantee
 Program.

2. Warrants
 shall only be transferable in accordance with the Warrant Indenture between Verses AI Inc.
 (the "**Company**") and Endeavor Trust Company of Canada (the "**Warrant Agent**") dated as of July 9, 2025, Applicable Legislation and the rules and policies
 of any applicable stock exchange.

## Exhibit 99.1

**Exhibit 99.1**

**VERSES® Announces Closing of** 

**C$9,573,758 (US$7,000,331)** 

**Public Offering of Units**

**Vancouver, BC – July 11, 2025 – (** **GLOBE NEWSWIRE)** – VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSD) ("**VERSES''** or the "**Company**"), a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce that it has closed its previously announced public offering of 1,007,764 units (the "Units") of the Company at a price of C$9.50 (US$6.946) per Unit (the "**Offering**"). Pursuant to the Offering, the Company raised gross proceeds of approximately C$9,573,758 (US$7,000,331), before deducting commissions and estimated expenses incurred in connection with the Offering.

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 entitles the holder to purchase one Share of the Company (a "**Warrant Share**") at an exercise price of C$11.50 (US$8.409) per Warrant Share at any time until the date that is 36 months from the date of issuance, subject to adjustment in certain events. The Offering was completed pursuant to an agency agreement dated July 8, 2025 among the Company, A.G.P. Canada Investments ULC and A.G.P./Alliance Global Partners (collectively, the "**Agents**"). A.G.P. Canada Investments ULC acted as lead Agent for the Offering and A.G.P./Alliance Global Partners acted as U.S. Agent for the Offering.

The net proceeds of the Offering are intended to strengthen the Company's financial position and provide liquidity to finance continuing 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 Agents a cash commission of C$450,000 and issued to the Agents 35,271 compensation warrants (the "**Compensation Warrants**"). Each Compensation Warrant is exercisable into a Share at an exercise price of C$11.50 (US$8.409) per Share until the date that is 36 months after the date of issuance. In addition, the Company paid a cash fee of US$250,000 (C$341,904) and issued 75,000 corporate finance fee warrants to a financial advisor, with such corporate finance fee warrants having identical terms to the Compensation Warrants.

The Offering was completed in Canada pursuant to a prospectus supplement dated July 9, 2025 (the "**Supplement**") to the Company's base shelf prospectus receipted on September 26, 2024 (the "**Base Shelf Prospectus**"). The Supplement was filed with the securities commissions in all of the provinces and territories of Canada, except Quebec, and with the U.S. Securities and Exchange Commission (the "**SEC**") in the United States. Copies of the Supplement and the Base Shelf Prospectus can be obtained on SEDAR+ at www.sedarplus.ca. The Offering was conducted in the United States pursuant to a U.S. registration statement on Form F-10, declared effective by the SEC on October 1, 2024 (File No. 333-282301) (as amended, the "**Registration Statement**"), which includes the Base Shelf Prospectus. The Registration Statement, including the Base Shelf Prospectus, as well as the Supplement are available in the United States on EDGAR at www.sec.gov.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

References to "US$" are to United States dollars and references to or "C$" are to Canadian dollars. On July 8, 2025, the noon buying rate as reported by the Bank of Canada for the conversion of one Canadian dollar into United States dollars was C$1.00 equals US$0.7312. The Shares are currently trading in Canada on the Cboe Canada exchange under the symbol "VERS" and in the United States on the OTCQB under the symbol "VRSSD".

**About VERSES**

VERSES is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature.

**On behalf of the Company** 

Gabriel René, Founder & CEO, VERSES AI Inc.

Press Inquiries: press@verses.ai

**Investor Relations Inquiries** 

James Christodoulou, Chief Financial Officer, Verses AI Inc.

IR@Verses.ai

(212) 970-8889

**Cautionary Note Regarding Forward-Looking Statements** 

*This news release contains "forward-looking information" and "forward-looking statements" under applicable securities laws. All information that addresses activities or developments that we expect to occur in the future is forward-looking information. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In this news release, such forward-looking statements include, but are not limited to, statements regarding the anticipated use of proceeds from the Offering. Actual results may differ materially from those set forth in this news release due to known and unknown risks and uncertainties affecting the Company, including the risks detailed in the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events or results or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Shelf Prospectus and the documents incorporated by reference therein.*

 

**The CBOE has not approved or disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.**