8-K
filed December 29, 2025, 6:59 PM ET
ticker VRSSF
CIK 0001879001
debt
confidence high
sentiment neutral
materiality 0.60
Verses AI Inc. (VRSSF): debt financing — Verses AI closes CAD$2.65M 15% convertible debenture unit financing with warrants
Verses AI Inc.
- Gross proceeds CAD$2.65M (CAD$2.4M cash after fees) from 2,650 units: CAD$1,000 15% secured convertible debenture + 164 warrants each.
- Conversion price CAD$3.04 per share; warrants exercisable at CAD$7.00 per share until December 18, 2028.
- Debentures mature December 18, 2027; interest payable in cash or shares at holder's option, subject to Cboe Canada approval.
- Secured by first-ranking security interest on all present and after-acquired assets; proceeds for general working capital.
- Offering exempt from U.S. registration under Section 4(a)(2)/Rule 506(b) and Regulation S; subject to 4-month Canadian hold period.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Verses AI Inc. incurred convertible notes of CAD$2,650,000 at 15% per annum maturing December 18, 2027.
- Instrument
- convertible notes
- Principal
- CAD$2,650,000
- Rate
- 15% per annum
- Maturity
- December 18, 2027
- Event
- incurrence
Exact text from the filing
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.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Verses AI Inc. issued 434,600 Warrants of warrant to accredited investor.
- Security
- warrant
- Shares
- 434,600 Warrants
- Purchaser
- accredited investor
Exact text from the filing
the Company issued Debentures with an aggregate principal amount of CAD$2,650,000 and 434,600 Warrants in exchange for CAD$2,400,000 cash after fees
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Verses AI Inc. issued convertible note to accredited investor for CAD$2,650,000 aggregate.
- Security
- convertible note
- Purchaser
- accredited investor
- Consideration
- CAD$2,650,000 aggregate
Exact text from the filing
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
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
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).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- accredited investor
- Value
- CAD$2,650,000 principal amount of secured convertible debentures
- Effective
- 2025-12-18
Exact text from the filing
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.
View on SEC.gov
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