VERSES Offers Replace on Non-public Placement

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) — VERSES AI
Inc. (CBOE:
VERS) (OTCQX:VRSSF) (“VERSES” or the “Firm”) is happy to announce that’s has obtained subscriptions for combination gross proceeds of roughly $5.1 million in reference to its beforehand introduced personal placement (the “Providing”). The Providing is anticipated to shut right now, topic to approval of Cboe Canada.

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This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities in the US, nor shall there be any sale of the securities in any jurisdiction during which such provide, solicitation or sale could be illegal. The securities being provided haven’t been, nor will they be, registered below the 1933 Act or below any U.S. state securities legal guidelines, and is probably not provided or bought in the US absent registration or an relevant exemption from the registration necessities of the 1933 Act, and relevant U.S. state securities legal guidelines.

About
VERSES

VERSES is a cognitive computing firm constructing next-generation clever software program methods modeled after the knowledge and genius of Nature. Designed round first ideas present in science, physics and biology, our flagship product, Genius™, is a toolkit for builders to generate clever software program brokers that improve current purposes with the power to motive, plan, and be taught. Think about a Smarter World that elevates human potential via expertise impressed by Nature. Study extra at VERSES, LinkedIn and X.

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On
Behalf
of
the
Firm
Gabriel René
VERSES AI Inc.
Co-Founder & CEO
press@verses.io

Media
and
Investor
Relations
Inquiries
Leo Karabelas
Focus Communications
President
information@fcir.ca

416-543-3120

Cautionary
Be aware
Concerning
Ahead-Wanting
Assertion

When used on this press launch, the phrases “estimate”, “undertaking”, “perception”, “anticipate”, “intend”, “anticipate”, “plan”, “predict”, “might” or “ought to” and the adverse of those phrases or such variations thereon or comparable terminology are meant to establish forward-looking statements and knowledge. Though VERSES believes, in mild of the expertise of their respective officers and administrators, present situations and anticipated future developments and different components which were thought of applicable, that the expectations mirrored within the forward-looking statements and knowledge on this press launch are cheap, undue reliance shouldn’t be positioned on them as a result of the events may give no assurance that such statements will show to be right. The forward-looking statements and knowledge on this press launch embrace, amongst others, the Firm’s skill to finish the Providing. Such statements and knowledge replicate the present view of VERSES. There are dangers and uncertainties which will trigger precise outcomes to vary materially from these contemplated in these forward-looking statements and knowledge.

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By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. There are a selection of vital components that might trigger VERSES precise outcomes to vary materially from these indicated or implied by forward-looking statements and knowledge. Such components embrace, amongst others: the power of the Firm to finish the Providing; the power of the Firm to acquire all vital approvals, together with approval of the Trade; forex fluctuations; disruptions or modifications within the credit score or safety markets; and common growth, market and trade situations. The Firm undertakes no obligation to touch upon analyses, expectations or statements made by third events in respect of its securities or its monetary or working outcomes (as relevant).

VERSES cautions that the foregoing checklist of fabric components shouldn’t be exhaustive. When counting on VERSES’ forward-looking statements and knowledge to make selections, traders and others ought to rigorously think about the foregoing components and different uncertainties and potential occasions. VERSES has assumed that the fabric components referred to within the earlier paragraph won’t trigger such forward-looking statements and knowledge to vary materially from precise outcomes or occasions. Nevertheless, the checklist of those components shouldn’t be exhaustive and is topic to vary and there might be no assurance that such assumptions will replicate the precise final result of such gadgets or components. The forward-looking info contained on this press launch represents the expectations of VERSES as of the date of this press launch and, accordingly, are topic to vary after such date. VERSES doesn’t undertake to replace this info at any explicit time besides as required in accordance with relevant legal guidelines.

Neither the Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Trade) accepts duty for the adequacy or accuracy of this press launch.

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