Bullboard - Stock Discussion Forum Verses AI Inc N.VERS

Alternate Symbol(s): VRSSF | N.VERS.WT.A | N.VERS.WT.B

VERSES AI Inc. is a Canada-based cognitive computing company specializing in Artificial Intelligence (AI). The Company's offering, GIA, is an Intelligent Assistant powered by KOSM, a network operating system enabling distributed intelligence. KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines, and AI, across digital and physical... see more

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Verses AI Inc > VERS.n announces $10M Private Placement

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Post by StockHawk1 on Aug 10, 2022 3:54pm

VERS.n announces $10M Private Placement

Today VERSES Technologies (VERS.n) announced a $10,000,000 non-brokered private

In this PP VERS will be selling 10,000,000 Units at a price of $1.00/unit. The units contain one share as well as one warrant to buy a share at $1.20

Personally, I think this raising will be good for VERS as the $10M cash injection will give the ability to focus on growth.

VERS is already ahead with its spacial web technology, however, rapid growth in these stages is important to stay ahead of potential future competitors IMO.

Full news: https://ca.finance.yahoo.com/news/verses-announces-10-000-000-120000134.html

VERS @ $0.98

MC $51.869M

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Comment by waves1 on Aug 10, 2022 4:42pm

Awesome news to help solidify a strong cash position for VERS as they focus on closing the 5 active app pilots currently running with Honeywell, AstraZeneca, Volvo, Mars Wrigley, and the European Commission, all of which are expected to be converted to 7-8 figure contracts. Insider buying is expected too! https://www.verses.io/press-2/verses-announces-private-placement

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