Verses Technologies announces consolidation of Class A subordinate voting shares

VERSES AI announced the consolidation of its Class A Subordinated Voting Shares in connection with an application to uplist such shares on the Nasdaq Capital Market. As part of the planned uplisting, the Company is consolidating all issued and outstanding Class A Subordinate Voting Shares on the basis of one post-consolidated Subordinated Voting Share for every nine pre-consolidated Subordinated Voting Share held. The Consolidation is intended to increase the quoted per share price of the Company’s Subordinate Voting Shares to satisfy Nasdaq’s initial listing requirement and to align the Company with trading fundamentals of its peers, improve liquidity and attract greater investment participation from a more diverse and larger set of investors.