# EDGAR Filing Document

**Accession Number:** 0001879001
**File Stem:** 0001493152-26-010465
**Filing Date:** 2026-3
**Character Count:** 34923
**Document Hash:** 9dda054fc26b40f1061c37a81166addc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-010465.hdr.sgml**: 20260317

**ACCESSION NUMBER**: 0001493152-26-010465

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260313

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260317

**DATE AS OF CHANGE**: 20260317

**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:** 26760604

**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): **March 13, 2026**

**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) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **2121 Avenue of the Stars, 8th Floor<br> Los Angeles, CA** | **90067** |
| (Address of principal executive offices) | (Zip Code) |

---

**(310) 988-1944**

(Registrant's telephone number, including area code)

**Not Applicable**

(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

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 3.02. Unregistered Sales of Equity Securities**

On March 13, 2026, Verses AI Inc. (the "Company") closed a non-brokered private placement offering of 1,170,807 units (the "Units") of the Company at a price of C$0.75 (US$0.55) per Unit (the "Offering"). Pursuant to the Offering, the Company raised gross cash proceeds of C$745,805 (approximately US$547,644) through the issuance of 994,407 Units, before deducting commissions and expenses incurred in connection with the Offering, and extinguished C$132,300 (approximately US$97,148) in liabilities through the issuance of 176,400 Units.

Each Unit is comprised of one Class A Subordinate Voting Share of the Company (a "Unit Share") and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Class A Subordinate Voting Share of the Company (a "Warrant Share") at an exercise price of C$1.00 (approximately US$0.73) per Warrant Share at any time until the date that is 24 months from the date of issuance, subject to adjustment in certain events. The foregoing description of the Warrants, does not purport to be complete and is qualified in its entirety by reference to the form of warrant which is attached to this Current Report on Form 8-K as Exhibits 4.1 and is incorporated into this Item 3.02 by reference.

The Units, the Unit Shares, the Warrants and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state, and the Units, Unit Shares and Warrants were offered and sold in reliance on the exemptions from registration under the Securities Act, afforded by (i) Section 4(a)(2) of the Securities Act and Rule 506(b) promulgated thereunder for sales to persons in the United States and (ii) Rule 903 of Regulation S of the Securities Act for sales to persons located outside of the United States who were not "U.S. persons" as defined in Rule 902(k) of Regulation S.

**Item 8.01 Other Events.** 

On March 13, 2026, the Company issued a press release announcing the closing of the Offering. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

This press release was issued pursuant to and in accordance with Rule 135c under the Securities Act.

**Item 9.01. Financial Statements and Exhibits**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 4.1 | [Form of Warrant dated March 13, 2026](ex4-1.htm) |
| 99.1 | [Press Release dated March 13, 2026](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. |
| March 17, 2026 | By: | */s/ James Christodoulou* |
|  |  | James Christodoulou |
|  |  | Chief Financial Officer |

---

## Exhibit 4.1

**Exhibit 4.1**

**UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR MONTHS AND A DAY AFTER MARCH 13, 2026.**

**THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF VERSES AI INC. (THE "COMPANY") THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULES 903 OR 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS; OR (E) UNDER AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT, PROVIDED THAT IN THE CASE OF PARAGRAPH (C) OR (D), SUCH OFFER, SALE OR OTHER TRANSFER MAY BE MADE WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO AND AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED IS FURNISHED BY COUNSEL TO THE COMPANY. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER HEREOF TO EFFECT "GOOD DELIVERY" OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.**

**THESE WARRANTS MAY NOT BE EXERCISED BY OR ON BEHALF OF, OR FOR THE ACCOUNT OR BENEFIT OF, A PERSON IN THE UNITED STATES OR A U.S. PERSON UNLESS THE SHARES ISSUABLE UPON EXERCISE OF THESE WARRANTS HAVE BEEN REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE. "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE U.S. SECURITIES ACT.**

**WARRANT TO PURCHASE CLASS A SUBORDINATE VOTING SHARES**

**OF**

**VERSES AI INC**

(the "**Company**")

(Organized under the laws of the Province of British Columbia)

Warrant Certificate No: WA-2026-03-[**No**]

Issue Date: March 13, 2026

THIS IS TO CERTIFY THAT, for value received, **[Name]** of **[Address]**, the holder of this Warrant, is entitled to purchase:

**[NUmber]**

non-assessable Class A Subordinate Voting Shares of the Company ("**Class A Shares**") as such shares were constituted on the Issue Date at any time up to 4:30 p.m. local time at the City of Vancouver, British Columbia at and for a price of C$1.00 per share, of lawful money of Canada, up to and including March 13, 2028 (the "**Expiry Date**") upon and subject to the terms and conditions attached hereto.

[*Remainder of Page Intentionally Left Blank*]

**VERSES AI INC.**

Per:   <br> Director/Officer

---

| | |
|:---|:---|
| **NOTE:** | Any share certificates issued upon exercise of this Warrant prior to the expiry of the hold periods will be printed with the corresponding legends. This Warrant certificate may be executed in one or more counterparts, each of which may be delivered by facsimile, by e-mail in PDF, or other legally permissible electronic signature, and each of which will be deemed to be an original, and all of which together will be deemed to be one and the same document. |

---

**TERMS, CONDITIONS AND INSTRUCTIONS**

1. The holder of this Warrant may subscribe for up to the number
of Class A Shares ()"**Warrant Shares**") of the Company indicated on the face hereof in accordance with and subject to
the terms and conditions set out in this Warrant.

2. For each Warrant Share purchased pursuant to this Warrant,
payment must be made in the amount of C$1.00 per Warrant Share (the "**Exercise Price** "). All payments must be made in
Canadian funds, in cash or by certified cheque, bank draft or money order payable, at par, in Vancouver, British Columbia, made payable
to the Company's name set out on the face hereof or, if such name is changed after the Issue Date, the Company's then current
name. If payment is made by way of an uncertified cheque, the Company reserves the right to deem that the payment has not been received
until the cheque has cleared the account upon which it has been drawn.

3. To exercise the rights evidenced by this Warrant, this Warrant
with the Warrant Exercise Form attached as Appendix 1 hereto (the "**Warrant Exercise Form**") completed and payment as
required for the shares subscribed for, must be delivered or mailed to the offices of the Company at 205 - 810 Quayside Drive, New Westminster,
BC V3M 6B9, or, if such address is changed after the Issue Date, the then current head office address of the Company, and received by
the Company.

4. The rights evidenced by this Warrant expire at 4:30 p.m. local
time in Vancouver, British Columbia on the Expiry Date. If this Warrant is not exercised on or before its expiry, the Warrant shall be
void and all rights evidenced thereby shall forthwith cease to represent a right or claim of any nature.

5. The rights evidenced by this Warrant may be transferred or
assigned by the holder, subject to all applicable regulatory and legal requirements and the approval of the Company, by duly completing
and executing the Warrant Transfer Form attached as Appendix 2 hereto.

6. The rights to purchase Warrant Shares granted by this certificate
may be exercised, subject to the terms and conditions hereof, in whole or in part (but not as to a fractional share) from time to time.

7. This Warrant does not entitle the holder to any rights as a
shareholder of the Company, including, without limitation, voting rights.

8. If this Warrant or the purchase price are forwarded by mail,
it is suggested that registered mail be used as the Company and the Company's registrar and transfer agent will not be responsible
for any losses which occur through the use of mails.

9. The Company shall, no more than five business days after delivery
of this Warrant, together with a duly executed Warrant Exercise Form and payment as required for the shares subscribed for, issue and
deliver to the holder certificates for that number of shares subscribed for, at the address shown on the Warrant Exercise Form.

10. The rights evidenced by this Warrant are to purchase Class
A Shares as they were constituted on the Issue Date. If after such date and prior to the exercise of any of the rights evidenced by this
Warrant, there shall be any change in the Class A Shares of the Company whether by consolidation, sub-division, reclassification, payment
of any stock dividends, or otherwise, then an appropriate adjustment shall be made in either or both of (i) the number of Class A Shares
issuable on exercise of the rights evidenced by this Warrant and (ii) the Exercise Price; and if the Company shall amalgamate with, consolidate
with or merge with or into, or participate in a statutory arrangement or similar reorganization with another corporation or entity, any
Class A Shares of the Company issuable on exercise of the rights evidenced by this Warrant shall be converted into the securities, property,
or cash which the holder would have received upon such amalgamation, consolidation, merger, arrangement or reorganization had the Warrant
been exercised prior to such event becoming effective, subject to the approval of any stock exchange on which the Company's shares
are listed (if required). Any adjustment contemplated herein shall be to the effect that the rights evidenced by this Warrant shall thereafter
be as reasonably as possible equivalent to those originally granted hereby. In accordance with this certificate, the Company will make
adjustments as it considers necessary and equitable acting in good faith, subject to any approvals required by any stock exchange on
which the Company's shares are listed. If at any time a dispute arises with respect to adjustments provided for herein, such dispute
will be conclusively determined by the auditors of the Company or if they are unable or unwilling to act, by such other firm of independent
chartered accountants as may be selected by the directors of the Company and any such determination, absent manifest error, will be binding
upon the Company, the holder of this Warrant and shareholders of the Company. The Company will provide such auditors or accountants with
access to all necessary records of the Company and fees payable to such accountants or auditors will be paid by the Company.

11. The Company will at all times until the expiry of this Warrant
keep available, and reserve if necessary, out of its authorized shares, solely for the purpose of issue upon the exercise of this Warrant,
such number of Warrant Shares of the Company as shall then be issuable upon the exercise of this Warrant. The Company covenants and agrees
that all shares which shall be so issuable will, upon issuance, be issued as fully paid and non-assessable and free from all liens, charges
and encumbrances.

12. The Company will maintain at its offices a register (the "**Register** ")
of the names and addresses of the registered holders of the share purchase warrants issued by the Company in the private placement of
special warrants pursuant to which this Warrant was issued, which Register will be updated to reflect exercises and, if applicable, transfers
of the share purchase warrants.

13. Unless herein otherwise expressly provided, any notice (a "**Notice** ")
to be given hereunder to the holder of the Warrant shall be deemed to be validly given if the Notice is sent by first class mail, postage
prepaid, addressed to the holder or delivered by hand at the address appearing on the Register and if, in the case of joint holders of
the Warrant, more than one address appears on the Register in respect of that joint holding, the Notice shall be addressed or delivered,
as the case may be, only to the first address, as the case may be, so appearing. Any Notice so given shall be deemed to have been given
on the day of delivery by hand or on the next business day if delivered by mail. If, by reason of strike, lockout or other work stoppage,
actual or threatened, involving postal employees, any Notice to be given to the holder of the Warrant could reasonably be considered
unlikely to reach its destination, the Notice may be published or distributed once in the Report on Business section of the national
edition of The Globe and Mail newspaper or, in the event of a disruption in the circular of that newspaper, once in a daily newspaper
in the English language of general circulation in Vancouver, British Columbia and Toronto, Ontario. Any Notice so given shall be deemed
to have been given on the day on which it has been published in all of the cities in which publication was required (or first published
in a city if more than one publication in that city is required).

14. This Warrant certificate is to be governed by and construed
in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein.

15. This Warrant certificate may be executed in one or more counterparts,
each of which may be delivered by facsimile, by e-mail in PDF, or other legally permissible electronic signature, and each of which will
be deemed to be an original, and all of which together will be deemed to be one and the same document.

**APPENDIX 1 TO WARRANT CERTIFICATE**

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

The undersigned, holder of the within Warrant, hereby subscribes for _______________________ Class A Subordinate Voting Shares ("**Class A Shares**") of Verses AI Inc. (the "**Company**"). If the number of Class A Shares purchased hereby does not exercise all of the rights evidenced by this Warrant, the holder requests issuance and delivery to it at the following address of a new Warrant evidencing the unused rights.

The undersigned represents, warrants and certifies as follows (one (only) of the following must be checked):

☐ (A) the undersigned holder at the time of exercise of the Warrants (a) is not in the United States, (b) is not a "U.S. Person" (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "**U.S. Securities Act**"), (c) is not exercising the Warrants for the account or benefit of a U.S. Person or a person in the United States, (d) did not execute or deliver this exercise form in the United States, and (e) delivery of the Class A Shares will not be to an address in the United States; OR

☐ (B) the undersigned holder has delivered to the Company and the Company's transfer agent an opinion of counsel of recognized standing (which will not be sufficient unless it is in form and substance reasonably satisfactory to the Company) or such other evidence reasonably satisfactory to the Company to the effect that with respect to the Class A Shares to be delivered upon exercise of the Warrants, the issuance of such securities has been registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

**Note**: The undersigned understands that the certificate or DRS representing the Class A Shares will bear a legend restricting transfer without registration under the U.S. Securities Act and applicable state securities laws unless an exemption from registration is available.

**Note**: Certificates or DRS representing Class A Shares will not be registered or delivered to an address in the United States unless Box B above is checked.

**Note**. For greater certainty, Box A may be checked by an undersigned that is a discretionary or similar account (other than an estate or trust) that is excluded from the definition of "U.S. Person" pursuant to Rule 902(k)(2)(i) of Regulation S under the U.S. Securities Act, and the Warrants are held on behalf of a person that is not a U.S. Person by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States.

**Note**: If Box B is checked, any opinion tendered must be in form and substance reasonably satisfactory to the Company. Holders planning to deliver an opinion of counsel in connection with the exercise of Warrants should contact the Company in advance to determine whether any opinions to be tendered will be acceptable to the Company.

The undersigned directs that the Class A Shares hereby subscribed for be issued and delivered to it as follows:

---

| | | |
|:---|:---|:---|
| **NAME** | **ADDRESS** | **NO. OF SHARES** |

---

In the absence of instructions to the contrary, the securities or other property will be issued in the name of or to the holder hereof and will be sent by first class mail to the last address of the holder appearing on the register maintained for the Warrants.

DATED the__________day of ___________________, 20____ .

---

| | |
|:---|:---|
| Signature Guaranteed | (Signature of Warrantholder) |
|  | Print full name |
|  | Print full address |

---

**Instructions:**

1. The registered holder may exercise its right to receive Warrant
Shares by completing this form and surrendering this form and the Warrant Certificate representing the Warrant being exercised together
with payment of the aggregate Exercise Price, by certified cheque, bank draft or money order payable to the order of the Company's
name set out above or, if such name is changed after the Issue Date, the Company's then current name, to the head office of the
Company , and such other documents as the Company may reasonably require, all in accordance with the Terms, Conditions and Instructions
set out in the within Warrant.

2. If the Warrant Exercise Form indicates that Class A Shares
are to be issued to a person or persons other than the registered holder of the Warrant Certificate, the signature of such holder of
the Warrant Exercise Form must be guaranteed by an authorized officer of a chartered bank, trust company or medallion guaranteed by an
investment dealer who is a member of a recognized stock exchange.

3. If the Warrant Exercise Form is signed by a trustee, executor,
administrator, curator, attorney, officer of a Company or any person acting in a judiciary or representative capacity, the certificate
must be accompanied by evidence of authority to sign satisfactory to the Company.

**APPENDIX 2 TO WARRANT CERTIFICATE<br> <u>WARRANT TRANSFER FORM</u>**

TO: Verses AI Inc. (the "**Company**")

FOR VALUE RECEIVED, subject to receipt of prior written approval of the Company, the undersigned (the "**Transferor**") hereby sells, assigns and transfers unto (name)_____________________ (the "**Transferee**") of (residential address) ________________________________________________, ___________(no. of Warrants) Class A Subordinate Voting Share purchase warrants of the Company registered in the name of the undersigned represented by the within Warrant certificate, and irrevocably appoints the Company as the attorney of the undersigned to transfer the said securities on the register of transfers for the said Warrant, with full power of substitution.

The undersigned hereby represents, warrants and certifies that (one (only) of the following must be checked):

☐ (A) the transfer is being made only to the Corporation;

☐ (B) the transfer is being made outside the United States in accordance with Rule 904 of Regulation S under the United States Securities Act of 1933, as amended (the "**U.S. Securities Act**"), and in compliance with any applicable local securities laws, or

☐ (C) the transfer is being made to, or for the account or benefit of, a U.S. Person or a person in the United States, in accordance with a transaction that does not require registration under the U.S. Securities Act or any applicable U.S. state securities laws, and the undersigned has furnished to the Corporation an opinion of counsel of recognized standing in form and substance reasonably satisfactory to the Corporation to such effect.

DATED this __________ day of ______________, 20____ .

---

| | |
|:---|:---|
| Signature Guaranteed | (Signature of Transferor) |
| (only if the Warrant is registered in the name of someone other than the Transferor) |  |
|  | Print full name |
|  | Print full address |

---

**The Warrant and the Class A Subordinate Voting Shares (the "Class A Shares") issuable upon exercise of the Warrant shall only be transferable in accordance with applicable laws. The Warrant may only be exercised in the manner required by the certificate representing the Warrant and the Warrant Exercise Form attached thereto. Any Class A Shares acquired pursuant to the Warrant shall be subject to applicable hold periods and any certificate representing such Class A Shares will bear restrictive legends.**

## Exhibit 99.1

**Exhibit 99.1**

**VERSES<sup>®</sup> Announces Closing of Private Placement Offering of Units**

VANCOUVER, British Columbia, March 13, 2026 – VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("**VERSES**'' or the "**Company**"), a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce that it has closed a non-brokered private placement offering of 1,170,807 units (the "**Units**") of the Company at a price of C$0.75 (US$0.55) per Unit (the "**Offering**"). Pursuant to the Offering, the Company raised gross cash proceeds of C$745,805 (approximately US$547,644) through the issuance of 994,407 Units, before deducting commissions and expenses incurred in connection with the Offering, and extinguished C$132,300 (approximately US$97,148) in liabilities through the issuance of 176,400 Units.

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$1.00 (approximately US$0.73) per Warrant Share at any time until the date that is 24 months from the date of issuance, subject to adjustment in certain events.

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 aggregate cash finders' fees of C$16,160 (approximately US$11,866) and issued an aggregate of 75,546 finder warrants (each, a "**Finder Warrant**") to certain finders located outside of the United States, who assisted the Company with the offer and sale of Units to purchasers who were not "U.S. persons" as defined in Regulation S under the U.S. Securities Act (as defined below). Each Finder Warrant entitles the holder thereof to acquire one finder unit (a "**Finder Unit**") at a price of C$0.75 (approximately $0.55) for a period of 24 months from the Closing Date. Each Finder Unit will consist of one Share and one half of one Share purchase warrant (each whole warrant, a "**Finder Unit Warrant**"), and each Finder Unit Warrant will be exercisable to purchase one additional Share at a price of C$1.00 (approximately US$0.73) per Share for a period of 24 months from the closing of the Offering.

All securities issued under the Offering are 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.

Michael Blum, the chairman of the Company's board, subscribed for 53,333 Units under the Offering for aggregate gross proceeds of C$40,000 (approximately US$29,372). The issuance of the Units to Mr. Blum pursuant to the Offering (the "**Insider Participation**") is considered to be a related party transaction within the meaning of Multilateral Instrument 61-101 ("**MI 61- 101**").The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Company's market capitalization.

None of the Units nor the underlying Shares and Warrants that were offered and sold in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the "**U.S. Securities Act**") and none of the Shares, Warrants, or Shares issuable upon exercise of the Warrants may be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable state securities laws or an applicable exemption from such registration requirements.

This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, the Units in the United States, and shall not constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This news release is being issued pursuant to and in accordance with Rule 135c under the U.S. Securities Act.

References to "US$" are to United States dollars and references to or "C$" are to Canadian dollars. On March 12, 2026, the daily average exchange 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$0.7343. 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 "VRSSF".

**About VERSES**

VERSES® is a cognitive computing company building next-generation intelligent agentic systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at <u>verses.ai</u>, <u>LinkedIn</u> and <u>X</u>.

**On behalf of the Company**

David Scott, CEO, VERSES AI Inc.

Press Inquiries: <u>press@verses.ai</u>

Investor Relations Inquiries

James Christodoulou, Chief Financial Officer

<u>IR@verses.ai</u>, +1(212)970-8889

**Cautionary Note Regarding Forward-Looking Statements**

This news release contains statements which constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the intended use of proceeds from the Offering,.

The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the net proceeds from the Offering will be sufficient to fund the Company's intended activities; the Company will be able to execute on its research and development objectives as planned; and general business, market and economic conditions will not materially change. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company's ability to successfully implement its business plan and achieve its research and development objectives; changes in general economic and market conditions; the Company's ability to maintain sufficient working capital and liquidity; dependence on key personnel and the ability to attract and retain qualified employees; competition from other companies in the Company's industry; and other risks detailed from time to time in the filings made by the Company in accordance with securities regulations. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.