VERSES closes CAD$14M structured financing with Sorbie; receives first CAD$700K tranche

Verses AI Inc.

Notional amount of CAD$14 million; first tranche CAD$700,000 received per press release.
Issued 2,660,000 units (1 common + 1/2 warrant) at CAD$6.00 per unit; warrants exercisable at CAD$7.00 for 36 months.
Additional 11 monthly tranches of CAD$1,209,091 benchmarked against 20-day VWAP with benchmark price CAD$7.75; payout adjusts proportionately.
Proceeds for working capital and general corporate purposes; securities exempt from registration under Regulation S.

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