---
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"
generated_at: "2026-05-16T12:08:35.775238+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Verses AI closes CAD$2.65M 15% convertible debenture unit financing with warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-029451
- JSON: https://secwatch.observer/filing/0001493152-25-029451.json
- Plain text: https://secwatch.observer/filing/0001493152-25-029451.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.