An announcement from VERSES AI Inc ( (VRSSF) ) is now available.
On March 4, 2025, VERSES AI Inc. announced the conversion of convertible debentures held by G42, a UAE-based AI technology group, into units of the company. This strategic investment, originally made in June 2024, involved a US$10 million private placement. The conversion price was set at C$1.20 per unit, with each unit comprising a Class A Subordinate Voting Share and a share purchase warrant. This move signifies a strengthening of VERSES’ financial position and highlights its ongoing collaboration with G42, potentially enhancing its market presence and stakeholder value.
More about VERSES AI Inc
VERSES AI Inc. is a cognitive computing company that specializes in developing next-generation intelligent software systems. Their flagship product, Genius, is a suite of tools designed for machine learning practitioners to model complex dynamic systems and create autonomous intelligent agents. The company focuses on technology inspired by nature to enhance human potential.
YTD Price Performance: -35.33%
Average Trading Volume: 844,916
Technical Sentiment Consensus Rating: Hold
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