Verses AI discontinues AI operations, pursues strategic alternatives; President/COO, CTO resign over unpaid wages

Verses AI Inc.

Discontinues AI R&D and related expenditures to preserve capital; no assurance of continued operations.
President/COO James Hendrickson and CTO Hari Thiruvengada resign over non-payment of earned wages and compensation disagreements.
CSO Karl Friston also resigns; licensing agreement with Prodigii AI, LLC terminated.
CEO David Scott says exhaustive fundraising and M&A efforts failed to close; company pursuing strategic alternatives.

item 5.02 item 8.01 item 9.01

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Departed

James Hendrickson

President and Chief Operating Officer

VRSSF · Verses AI Inc.

Effective: 2026-06-15
Filed: June 22, 2026, 2:58 PM ET

On June 15, 2026, James Hendrickson, the President and Chief Operating Officer of Verses AI Inc. (the “Company”) informed the Company’s Board of Directors (the “Board”) that he was resigning as the President and Chief Operating Officer effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Hendrickson resigned as President and Chief Operating Officer at Verses AI Inc..

Action: resigned
Role: President and Chief Operating Officer

Exact text from the filing

On June 15, 2026, James Hendrickson, the President and Chief Operating Officer of Verses AI Inc. (the “Company”) informed the Company’s Board of Directors (the “Board”) that he was resigning as the President and Chief Operating Officer effective immediately.

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Verses AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-029568

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