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.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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.

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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.

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307 debt financings filed in the last 30 days. Browse all debt financings →

Verses AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-029451

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