VERSES Announces Proceeds of CDN $6,778,062 from Warrant and Option Exercises
Vancouver, BC – 12 June 2023 – (GLOBE NEWSWIRE) – VERSES AI Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in the next generation of artificial intelligence is pleased to announce that it has received an additional CDN $6,778,062 from the exercise of 6,534,385 Class A subordinate voting share purchase warrants and 310,000 stock options. A total of 7,606,734 Class A subordinate voting share purchase warrants, 943,777 broker warrants and 960,000 stock options have been exercised since March 13th, 2023, for total gross proceeds of CDN $9,264,362.
“We are thrilled by the overwhelming response to the warrant issuance, which reaffirms the confidence that investors have in our potential," said VERSES CEO, Gabriel René. "The additional capital will fuel our ambitions and enable us to accelerate our strategic initiatives. We are excited about the opportunities ahead and remain committed to delivering value to our shareholders.”
About VERSES
VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence. Modeled after natural systems and the design principles of the human brain and the human experience, VERSES flagship offering, GIA™, is an Intelligent Agent for anyone powered by KOSM™, a network operating system enabling distributed intelligence. Built on open standards, KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and AI, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature. Learn more at VERSES, LinkedIn and Twitter.
On Behalf of the Company
Gabriel René
VERSES Technologies Inc.
Co-Founder & CEO
press@verses.ai
Media and Investor Relations Inquiries
Leo Karabelas
Focus Communications
President
info@fcir.ca
416-543-3120
The NEO has not reviewed or approved this press release for the adequacy or accuracy of its contents.