VERSES AI Inc. Announces Upsizing of LIFE & Private Placement Offering and Closing of Special Warrant Private Placement
Summary
The Equity Units will be subject to a statutory hold period of four months in accordance with applicable Canadian securities laws.In connection with the Offering, the Company: (i) paid to certain finders and advisors an aggregate cash commission of C$91,325; and (ii) issued to certain finders and advisors an aggregate of 182,650 compensation warrants (the Compensation Warrants). Designed around first principles found in science, physics and biology, our flagship product, Genius, is a toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. Such factors include, among others: the ability of the Company to complete the LIFE Offering on the terms announced or at all and the ability of the Company to use the proceeds of the Special Warrant Offering and LIFE Offering as announced or at all; the ability of the Company to obtain all necessary approvals, including approval of the Exchange; currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable).VERSES cautions that the foregoing list of material factors is not exhaustive. When relying on VERSES forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.