RE:RE:RE:Merger/Take over..Possible with VersesAce card for Verses is they hold and control over 38% of shares. They knew that from inception of going public, all in their plan before going public in 2022. Recently earlier this year the 2 founders exchanged their entire class A share holdings to the public float class of subordinated voting shares outstanding. This is a move to prepare for uplisting to the major exchanges ie: Nasdaq and/or TSX. They are preparing corporate structure and getting the support sponsors required to bring uplisting of company to completion. A rights plan is a tool here to prevent/avoid a major hostile take-over, so I believe their 38% voting power can still accomplish this resistance, if and when that should happen.
Verses had a vision here prior to going public and the wheels are in motion here today to take company to the next level of commercialization, with either further equity financing, debt financing or both..and/or the possibility of a potential merger/sale. Founders are well versed in corporate structures and financial activities regarding raising capital and going from developement / discovery to commercial launch. My take here is that their vision for their technology is coming to fruition with their Genius platform.