NEO:VERS - Post Discussion
Verses AI Inc
> Final tranche of oversubscribed PP closed for GP of ~$15M!
Post by
waves1 on Aug 29, 2022 5:02pm
Final tranche of oversubscribed PP closed for GP of ~$15M!
VERS has closed the final tranche of its oversubscribed private placement for total gross proceeds of $14,957,030! The first tranche of VERS' PP was closed 24 hours after opening, followed by a second tranche and an upsizing of the PP to $12,500,000! The proceeds will be used for general working capital purposes and will ensure a strong cash position for VERS as they focus on closing its current 5 active app pilots all of which are expected to be converted to 7-8 figure contracts. VERS has had an incredibly impressive turnaround with this PP, showing the full depth of its potential as a next-gen AI company with its flagship offering COSM, the world's first AI OS for enhancing any application with adaptive intelligence, and Wayfinder, a COSM-powered spatial picking solution for warehouses https://www.verses.io/press-2/verses-announces-closing-of-final-tranche-of-private-placement?utm_content=219303757&utm_medium=social&utm_source=twitter&hss_channel=tw-1523485081909616647
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