VERSES AI Inc. (8-K Summary)

Date: November 3, 2025

VERSES AI Inc. announced two significant actions aimed at strengthening liquidity and operational efficiency:

• Workforce Optimization: Initiated a cost reduction program including staff reductions, furloughs, and executive salary deferrals.
• Financing Secured: Arranged a private placement to raise CAD$14,000,000 (notional amount) at CAD$6.00 per unit.
  • Each unit includes one common share and one half-warrant (exercise price CAD$7.00).
  • Contingency: Closing is subject to Cboe Canada Inc. approval.