James Hendrickson resigned as President and Chief Operating Officer at Verses AI Inc..
“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.”
Equity Issuances
Verses AI Inc. issued 75,546 finder warrants of warrant to certain finders located outside of the United States for services as finders, no additional cash consideration.
“In connection with the Offering, the Company paid aggregate cash finders’ fees of C$16,160 (approximately US$11,866) and issued an aggregate of 75,546 finder warrants (each, a “ Finder Warrant ”) to certain finders located outside of the United States, who assisted the Company with the offer and sale of Units to purchasers who were not “U.S. persons” as defined in Regulation S under the U.S. Securities Act (as defined below).”
Equity Issuances
Verses AI Inc. issued 1,170,807 units, each unit consisting of one Class A Subordinate Voting Share and one-half of one share purchase warrant of unit to various investors for C$745,805 (approximately US$547,644) in cash and extinguishment of C$132,300 (approximately US$97,148) in liabilities.
“On March 13, 2026, Verses AI Inc. (the “Company”) closed a non-brokered private placement offering of 1,170,807 units (the “Units”) of the Company at a price of C$0.75 (US$0.55) per Unit (the “Offering”). Pursuant to the Offering, the Company raised gross cash proceeds of C$745,805 (approximately US$547,644) through the issuance of 994,407 Units, before deducting commissions and expenses incurred in connection with the Offering, and extinguished C$132,300 (approximately US$97,148) in liabilities through the issuance of 176,400 Units.”
Equity Issuances
Verses AI Inc. issued 434,600 Warrants of warrant to accredited investor.
“the Company issued Debentures with an aggregate principal amount of CAD$2,650,000 and 434,600 Warrants in exchange for CAD$2,400,000 cash after fees”
Equity Issuances
Verses AI Inc. issued convertible note to accredited investor for CAD$2,650,000 aggregate.
“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”
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).
“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.”
Debt Financings
Verses AI Inc. incurred convertible notes of CAD$2,650,000 at 15% per annum maturing December 18, 2027.
“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.”
Material Agreements
Verses AI Inc. entered into Warrant Certificate with Sorbie Investments LLP valued at 616,667 Warrant Shares exercisable at CAD$7.00 per share until November 6, 2028 (effective 2025-11-06).
“In connection with the foregoing transactions, on November 6, 2025, the Company issued a Warrant Certificate (the " Warrant ") to SILP, which Warrant represents the right to subscribe for 616,667 Common Shares (" Warrant Shares ") until November 6, 2028.”
Material Agreements
Verses AI Inc. entered into Master Agreement with Sorbie Bornholm LP valued at Additional terms for Subscription Agreement and Sharing Agreement (effective 2025-10-31).
“In connection with the Subscription Agreement and the Sharing Agreement, on October 31, 2025, the Company and SBLP entered into a Master Agreement and related schedules (the " Master Agreement ") which provides additional terms for the transactions contemplated by the Subscription Agreement and Sharing Agreement, including obligations of the parties, representations, covenants, events of default, and termination events.”
Material Agreements
Verses AI Inc. entered into Sharing Agreement with Sorbie Bornholm LP valued at CAD$14,000,000 notional amount, 11 periodic settlement tranches of $1,209,091 each, Benchmark Price (effective 2025-10-31).
“On October 31, 2025, the Company and SBLP also entered into a Sharing Arrangement Transaction (the " Sharing Agreement ") which provided additional terms for the transactions contemplated by the Subscription Agreement and other offering documents.”
Material Agreements
Verses AI Inc. entered into Subscription Agreement with Sorbie Bornholm LP valued at CAD$14,000,000 notional amount, plus CAD$700,000 at closing, for 2,333,334 Units at CAD$6.00 per uni (effective 2025-10-31).
“Effective as of October 31, 2025, Verses AI Inc. (the " Company ") entered into a Subscription Agreement (the " Subscription Agreement ") with Sorbie Bornholm LP (" SBLP ") and Sorbie Investments LLP (" SILP ") pursuant to which the Company could receive an aggregate notional amount of CAD$14,000,000, pursuant to the terms of a Sharing Arrangement Transaction, in exchange for the issuance of a total of 2,333,334 units of the Company’s securities at a price of CAD$6.00 per unit (the " Units ").”
Equity Issuances
Verses AI Inc. issued Warrant for 616,667 Common Shares of warrant to Sorbie Investments LLP for Exercisable at CAD$7.00 per share, issued in connection with the Subscription and Sharing Agreements.
“”) to SILP, which Warrant represents the right to subscribe for 616,667 Common Shares (“ Warrant Shares ”) until November 6, 2028. The Warrant is exercisable at a price of CAD$7.00 per Warrant Share, subject to adjustment in the event of any Adjustment Event (as defined in the Warrant). The issuance of the Common Shares, Warrants and Warrant Shares being”
Dan Mapes retired as President at Verses AI Inc..
“replacing Dan Mapes who has retired from such position”
James Hendrickson changed role as President at Verses AI Inc..
“James Hendrickson, the Chief Operating Officer of the Company, has also assumed the role of President of the Company”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.