VERSES announces Closing of $5,240,000 First Tranche of Private Placement
11 8월 2022 - 9:00PM
VERSES Technologies Inc. (NEO: VERS) (“VERSES” or the “Company”), a
contextual computing platform provider specializing in the next
generation of artificial intelligence solutions, is pleased to
announce that further to its news release dated August 10, 2022, it
has completed the first tranche of its non-brokered private
placement (“Private Placement”) of units (“Units”) for gross
proceeds of C$5,240,000 through the sale of 5,240,000 Units at a
price of C$1.00 per Unit.
Each Unit is comprised of one Class A subordinate voting share
in the capital of VERSES (a “Class A Share”) and one-half of a
Class A Share purchase warrant (each whole warrant, a “Warrant”).
Each Warrant is exercisable into one Class A Share at a price of
CAD$1.20 per share until August 15, 2025. If at any time prior to
the expiry date of the Warrants (the “Expiry Date”), the
volume-weighted average trading price of the Class A Shares on the
NEO Exchange Inc. (the “NEO”) (or such other principal exchange or
market where the Class A Shares are then listed or quoted for
trading) exceeds CAD$2.40, as adjusted in accordance with the terms
of the certificate representing the Warrants (the “Warrant
Certificates”), for a period of 10 consecutive trading days, VERSES
may, at its option, accelerate the Expiry Date to the date that is
30 days following the written notice to the holders of the
Warrants, in the form of a press release or other form of notice
permitted by the Warrant Certificates.
The proceeds from the Private Placement are intended to be used
for general working capital purposes. Additional tranches of the
Private Placement remain subject to the acceptance by the NEO. All
securities issued pursuant to the Private Placement are and will be
subject to a four month hold period from the date of issue.
Certain insiders of the Company purchased an aggregate of 80,000
Units under the first tranche of the Private Placement and such
participation is considered to be a "related party transaction" as
defined under Multilateral Instrument 61-101 ("MI 61-101”). The
Company has relied on the exemptions from the valuation and
minority shareholder approval requirements of MI 61-101 contained
in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such
insider participation. The Company did not file a material change
report more than 21 days before the expected closing of the first
tranche of the Private Placement, as the details and amounts of the
insider participation were not finalized until closer to the
closing and the Company wished to close the transaction as soon as
practicable for sound business reasons.
Under the first tranche of the Private Placement, VERSES paid
fees to eligible finders consisting of: (i) C$397,800; and (ii)
397,800 Finder Warrants (the “Finder Warrants”), each Finder
Warrant exercisable into one unit at a price of C$1.20 until August
15, 2025. Further to the Company’s news release dated August 10,
2022, the Company clarifies that each Finder Warrant is exercisable
into a unit comprised of one Class A Share and one-half of one
Class A Share purchase warrant.
The securities being offered under the private placement have
not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and
may not be offered or sold within the United States or to, or for
the account or benefit of, U.S. persons absent U.S. federal and
state registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an
offer for sale of securities in the United States.
About VERSESVERSES is a next-generation AI
company providing foundational technology for the contextual
computing era. Modeled after natural systems and the design
principles of the human brain and the human experience, VERSES’
flagship offering, COSM™, is an AI Operating System for enhancing
any application with adaptive intelligence. Built on open
standards, COSM transforms disparate data into a universal context
that fosters trustworthy collaboration between humans, machines,
and AI, across digital and physical domains. Imagine a smarter
world that elevates human potential through innovations inspired by
nature. Learn more at VERSES, LinkedIn, and Twitter.
On Behalf of the CompanyGabriel RenéVERSES
Technologies Inc.Co-Founder & CEO(323) 314-0678Media
and Investor Relations Inquiries Leo KarabelasFocus
CommunicationsPresidentleo@fcir.ca(416) 543-3120
This release includes certain statements and
information that may constitute forward-looking information within
the meaning of applicable Canadian securities laws. Forward-looking
statements relate to future events or future performance and
reflect the expectations or beliefs of management of the Company
regarding future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events
or results “may”, “could”, “should”, “would” or “occur”. This
information and these statements, referred to herein as
"forward-looking statements", are not historical facts, are made as
of the date of this news release and include without limitation,
statements regarding discussions of future plans, estimates and
forecasts and statements as to management's expectations and
intentions with respect to, among other things, the securities
offered under the Private Placement, the completion of additional
tranches of the Private Placement and the use of proceeds from the
Private Placement. In making the forward-looking statements in this
news release, the Company has applied several material assumptions,
including without limitation, that the Company will obtain approval
of additional tranches of the Private Placement from the NEO in a
timely manner. These forward-looking statements involve numerous
risks and uncertainties and actual results might differ materially
from results suggested in any forward-looking statements. These
risks and uncertainties include, among other things, that the
Company will not be able to obtain approval of additional tranches
of the Private Placement from the NEO. Although management of the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws. We seek safe
harbor.
ProShares Trust (NYSE:VERS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
ProShares Trust (NYSE:VERS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024