G42 Background & Recent Verses SEDAR FilingFor those of you new to the world of AI investing, G42 is one of the largest, if not THE LARGEST AI player on the planet and Item 6 in this SEDAR filing gives investors MORE than a heads-up as to what they think VERSES is worth:
https://www.sedarplus.ca/csa-party/records/document.html?id=2a9791a8488f075e1773f3c95b71d9ce081af9ddc4dad5c2996206414253aa05
Item 6 – Agreements, Arrangements, Commitments or Understandings With Respect to Securities of the Reporting Issuer
Describe the material terms of any agreements, arrangements, commitments or understandings between the acquiror and a joint actor and among those persons and any person with respect to securities of the class of securities to which this report relates, including but not limited to the transfer or the voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Include such information for any of the securities that are pledged or otherwise subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities, except that disclosure of standard default and similar provisions contained in loan agreements need not be included.
Verses granted the Investor (or an affiliate of the Investor designated by the Investor) the right, but not the obligation, to be the lead investor and invest up to an additional US$90 million in a subsequent private placement of securities of Verses to raise aggregate gross proceeds of up to US$350 million at an anticipated post-money valuation of US$3.5 billion (the “Financing Round) whereby the Investor (or its affiliate) shall receive a 25% discount (based on the lower of US$3.5 billion and the actual valuation of the Financing Round) on its potential investment in the Financing Round.
Verses also granted the Investor standard pro-rata participation rights in connection with the issuance of new securities of Verses, so long as the Investor holds Debentures or Verses Class A Shares.
The 7M NAKED SHARES SHORT have no chance of being covered in a (FRIENDLY?) Canadian financing and groups like ANSON, CANNACORD etc... are crapping their britches because they see the handwriting on the wall! Keys for investors and potential investors to pay very close attention to!