VERSES Technologies (NEO: VERS) has closed the second tranche of its private placement, raising gross proceeds of ~C$5.5 million. The total aggregate proceeds of the two tranches brings the company’s total raised to ~C$10.7 million. Given the success of this placement, the company has upsized its offering and intends to raise a total of C$12.5 million.
Last week, VERSES also announced that it has joined the Digital Twin Consortium. DTC is an international organization based in North America dedicated to creating collaborative partnerships between digital twin users and experts wording in industry, government, academia, and the tech sector. As a member of the Consortium, VERSES may collaborate with members like Google, HSBC, Microsoft, Kaiser Permanente and Esri across a range of industries.
Both of these announcements are highly exciting updates from the company and show that it is on a notable upward growth trajectory. VERSES shares have been seeing consolidation around $1 since SP recovered over 150% after taking a dip at IPO. These announcements will hopefully lead to some optimistic news flow in the near future that will continue to drive SP.
VERS.n is currently trading at $1.00, valued at $50.38 million.
https://ceo.ca/@globenewswire/verses-announces-closing-of-5497000-second-tranche