Departed
Dan Mapes
President
VRSSF ·
Verses AI Inc.
replacing Dan Mapes who has retired from such position
Ready 8-Ks
21
Latest filing
March 31, 2026, 7:59 PM ET
Top materiality
0.90
Event mix
other_material ×16 · leadership ×3 · other ×1
Sentiment
2 pos · 6 neg · 13 neu
Executive change
recent →
Recent 8-K filings for VRSSF
Highest-materiality recent filing
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.
- Accumulated deficit reaches $129.6M; cash increases to $4.8M from $0.9M via equity/debt issuances.
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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.
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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.
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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.
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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.
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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).
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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).
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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.
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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.
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VERSES AI launches Genius product commercially, targeting enterprise AI agents
Genius offered as paid service with consumption-based, performance-based, and enterprise licensing.
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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.
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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.
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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.
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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.
Executive changes
Role change
James Hendrickson
President
VRSSF ·
Verses AI Inc.
James Hendrickson, the Chief Operating Officer of the Company, has also assumed the role of President of the Company
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event other_material