{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-029451","form_type":"8-K","ticker":"VRSSF","cik":"0001879001","company_name":"Verses AI Inc.","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.957172+00:00","generated_at":"2026-05-16T12:08:35.775238+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Verses AI closes CAD$2.65M 15% convertible debenture unit financing with warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-029451","json":"https://secwatch.observer/filing/0001493152-25-029451.json","markdown":"https://secwatch.observer/filing/0001493152-25-029451.md","text":"https://secwatch.observer/filing/0001493152-25-029451.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:08:35.775238+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62000b1be4da2d11aa6cc35557b4b556ddcea557","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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"CAD$2,650,000"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"December 18, 2027"},{"label":"Event","value":"incurrence"}]},{"claim_id":"1d492c11d84a32d969831268ab0f32933bd11cff","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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"accredited investor"},{"label":"Value","value":"CAD$2,650,000 principal amount of secured convertible debentures"},{"label":"Effective","value":"2025-12-18"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}