VERSES AI secures CAD$14M private placement, cuts staff to extend cash runway

Verses AI Inc.

Private placement of CAD$14M (2,333,334 units at CAD$6.00/unit; each unit = 1 share + 1/2 warrant exercisable at CAD$7.00).
Workforce reduction includes targeted layoffs, furloughs, and executive salary deferrals.
Actions intended to strengthen liquidity, reduce cost structure, and extend cash runway.
Closing subject to Cboe Canada approval; expected in tranches.
Proceeds and savings to focus on commercialization of flagship product Genius.

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