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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

NEO:VERS - Post Discussion

Verses AI Inc > VERS closes 2nd tranche of PP for almost $5.5M
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Post by StockHawk1 on Aug 18, 2022 9:51am

VERS closes 2nd tranche of PP for almost $5.5M

VERS.n just announced that it has completed the second tranche of its non-brokered private placement for gross proceeds of $5,497,000.
 
VERS sold 5,497,000 Units (containing 1 share and 1 half purchase warrant) at a price of $1.00/Unit. 
 
The aggregate gross proceeds raised by the first and second tranches are $10,737,000.
 
Insiders picked up 50,000 units in the second tranche, showing the company has strong internal confidence IMO.
 
VERSES also announced that it has increased the size of the Private Placement to up to 12.5M Units from up to $10M, for overall proceeds up to $12,500,000
 
I think this means that there will likely be a 3rd tranche happening soon. 
 
https://ca.finance.yahoo.com/news/verses-announces-closing-5-497-120000692.html
 
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