Highest-materiality recent filing
Verses AI CFO and interim CEO resign; going concern uncertainty
CFO James Christodoulou resigned June 26, 2026; interim CEO David Scott resigned June 30, 2026.
Discontinues AI R&D and related expenditures to preserve capital; no assurance of continued operations.
Verses AI raises aggregate C$1.1M in private placement; closes second tranche for C$355K
Second tranche of 473,500 units at C$0.75/unit for gross proceeds of C$355,125.
Verses AI closes C$745,805 private placement; issues shares and warrants, insider participation
Raised C$745,805 gross cash (US$547,644) and extinguished C$132,300 liabilities via 1,170,807 units at C$0.75/unit.
Verses AI sets interim CEO David Scott comp at $15K/month, 120K options
Cash compensation of $15,000 per month for David Scott as Interim CEO, starting March 2026.
Verses AI holds Q3 fiscal 2026 earnings call; no financial details in 8-K exhibits
Earnings call held on Feb 24, 2026 for the three and nine months ended Dec 31, 2025.
VERSES files Q3 FY2026 10-Q; earnings call set for Feb 24, 2026
Press release announces filing of Form 10-Q for three and nine months ended Dec 31, 2025.
Verses AI hosts webinar on management changes and company update
Webinar held February 18, 2026 discussed recent management changes and current state.
VERSES AI CEO Gabriel Rene, President Dan Mapes resign; David Scott named interim CEO
Gabriel Rene resigned as CEO and board member effective Feb 8, 2026, for personal reasons; no disagreement.
Verses AI cuts headcount ~50%, restructures to focus on core market
Workforce restructuring reduces headcount by approximately half; includes termination of furloughed employees and certain executives.
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.
VERSES closes CAD$14M structured financing with Sorbie; receives first CAD$700K tranche
Notional amount of CAD$14 million; first tranche CAD$700,000 received per press release.
VERSES AI secures CAD$14M private placement, cuts staff to extend cash runway
Private placement of CAD$14M (2,333,334 units at CAD$6.00/unit; each unit = 1 share + 1/2 warrant exercisable at CAD$7.00).
VERSES AI closes public offering raising C$9.6M gross proceeds
Closed offering of 1,007,764 units at C$9.50 per unit; gross proceeds C$9,573,758 (US$7,000,331).
Verses AI prices public offering of 1,007,764 units at $6.946 each for $7.0M gross proceeds
Offering of 1,007,764 units at US$6.946/unit raises gross proceeds of US$7,000,331.
Verses AI reports FY2025 net loss of $43M; auditor raises going concern doubt
Net loss $43.0M ($5.49 diluted EPS) vs $52.1M prior year; revenue collapsed 92% to $155K.
Verses AI announces 1-for-3 reverse stock split; OTC ticker changes to VRSSD
Consolidation on 1-for-3 basis; pre-split shares 26,239,469; post-split ~8,746,490.
VERSES AI launches Genius product commercially, targeting enterprise AI agents
Genius offered as paid service with consumption-based, performance-based, and enterprise licensing.
VERSES AI closes US$7.9M unit offering (share + half warrant) at $2.88/unit
Gross proceeds of ~US$7.9M from 2,750,000 units; each unit = 1 share + 1/2 warrant.
VERSES AI prices $7.9M public offering of 2.75M units at $2.88 per unit
Raised US$7.93M (C$11M) via offering of 2.75M units at US$2.88/unit.
VERSES AI promotes James Hendrickson to President and COO; Dan Mapes becomes President Emeritus
James Hendrickson, previously COO since July 2024, appointed President effective April 17, 2025.
Verses AI reports $6.3M arbitration award against subsidiary, new lawsuit
Arbitration award of US$6,307,258 against VTU and Cyberlab; additional damages of $1.9M vs. principals.
VERSES AI reports arbitration award of US$6.3M; faces new employment claim up to US$3.5M
Arbitration award: VTU, Cyberlab, and principals liable for US$6,307,258 plus US$1.9M damages, interest, costs, fees.
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.
replacing Dan Mapes who has retired from such position
James Hendrickson, the Chief Operating Officer of the Company, has also assumed the role of President of the Company
Max materiality 1.00 · Median 0.65 · Most common event other_material