VERSES AI Inc. announced a funding agreement of unsecured convertible debenture units for a gross proceeds $10,000,000 on June 20, 2024. Each Unit will consist of CAD 1,000 in principal amount of unsecured convertible debentures and 500 detachable share purchase warrants to purchase Class A Subordinate Voting Shares of Verses. The Convertible Debentures shall bear interest at a rate of 10%
per annum and mature on June 20, 2026.