{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-03T13:38:27.098275+00:00","company":{"ticker":"VRSSF","cik":1879001,"company_name":"Verses AI Inc."},"pagination":{"limit":100,"returned":4,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"material_agreement","fact_key":"1d492c11d84a32d969831268ab0f32933bd11cff","cik":1879001,"ticker":"VRSSF","company_name":"Verses AI Inc.","filed_at":"2025-12-29T23:59:59+00:00","payload":{"action":"entry","agreement_name":"15% Senior Secured Convertible Debenture","agreement_type":"credit_facility","counterparty":"accredited investor","effective_date":"2025-12-18","item_codes_triggered":["1.01"],"value_text":"CAD$2,650,000 principal amount of secured convertible debentures"},"claim":"Verses AI Inc. entered into 15% Senior Secured Convertible Debenture with accredited investor valued at CAD$2,650,000 principal amount of secured convertible debentures (effective 2025-12-18).","evidence_excerpt":"On December 18, 2025, Verses AI Inc. (the “Company”) issued an aggregate of 2,650 secured convertible debenture units (the “Units”) to an accredited investor in a private placement offering (the “Offering”) for an aggregate value of CAD$2,650,000 before transaction fees and the exchange of obligations of or commitments by the Company to the investor.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-029451","anchor_url":"https://secwatch.observer/filing/0001493152-25-029451#claim-1d492c11d84a32d969831268ab0f32933bd11cff","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm"},{"fact_type":"debt_financing","fact_key":"62000b1be4da2d11aa6cc35557b4b556ddcea557","cik":1879001,"ticker":"VRSSF","company_name":"Verses AI Inc.","filed_at":"2025-12-29T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2025-12-18","event":"incurrence","instrument_type":"convertible_notes","interest_rate_text":"15% per annum","item_codes_triggered":["2.03"],"maturity_text":"December 18, 2027","principal_text":"CAD$2,650,000"},"claim":"Verses AI Inc. incurred convertible notes of CAD$2,650,000 at 15% per annum maturing December 18, 2027.","evidence_excerpt":"On December 18, 2025, Verses AI Inc. (the “Company”) issued an aggregate of 2,650 secured convertible debenture units (the “Units”) to an accredited investor in a private placement offering (the “Offering”) for an aggregate value of CAD$2,650,000 before transaction fees and the exchange of obligations of or commitments by the Company to the investor.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-029451","anchor_url":"https://secwatch.observer/filing/0001493152-25-029451#claim-62000b1be4da2d11aa6cc35557b4b556ddcea557","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm"},{"fact_type":"executive_change","fact_key":"09600d7487","cik":1879001,"ticker":"VRSSF","company_name":"Verses AI Inc.","filed_at":"2025-04-23T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2025-04-17","interim":false,"role":"President","role_category":"president","successor_name":"James Hendrickson","successor_named":true},"claim":"Dan Mapes retired as President at Verses AI Inc..","evidence_excerpt":"replacing Dan Mapes who has retired from such position","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-005805","anchor_url":"https://secwatch.observer/filing/0001641172-25-005805#claim-09600d7487","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1879001/000164117225005805/0001641172-25-005805-index.htm"},{"fact_type":"executive_change","fact_key":"f4a1c66721","cik":1879001,"ticker":"VRSSF","company_name":"Verses AI Inc.","filed_at":"2025-04-23T23:59:59+00:00","payload":{"action":"assumed the role of","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-04-17","interim":false,"role":"President","role_category":"president","successor_name":null,"successor_named":false},"claim":"James Hendrickson changed role as President at Verses AI Inc..","evidence_excerpt":"James Hendrickson, the Chief Operating Officer of the Company, has also assumed the role of President of the Company","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-005805","anchor_url":"https://secwatch.observer/filing/0001641172-25-005805#claim-f4a1c66721","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1879001/000164117225005805/0001641172-25-005805-index.htm"}]}