secwatch.observer — SEC 8-K summary
======================================

Issuer:     Verses AI Inc. (VRSSF)
CIK:        0001879001
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001493152-25-029451
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/0001493152-25-029451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879001/000149315225029451/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029451

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer