Verses AI reports $6.3M arbitration award against subsidiary, new lawsuit

Verses AI Inc.

Arbitration award of US$6,307,258 against VTU and Cyberlab; additional damages of $1.9M vs. principals.
Net comprehensive loss of $10.3M in June 2024 quarter included $6.3M provision for arbitration award.
Former employee lawsuit seeking up to $3.5M for gender harassment, discrimination, retaliation; VINC disputes.
Corrections to omnibus equity incentive plan treatment upon termination, resignation, disability, death, retirement.
No assurance Thomson won't seek award from parent company; negotiations ongoing.

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