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Form D · on the record

Verses AI Inc. — $747K Form D filing, November 2024

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Verses AI Inc. filed a Form D with the Securities and Exchange Commission on 2024-11-21.

Verses AI Inc. filed a Form D notice of an exempt securities offering with the SEC on November 21, 2024. The filing reports $747K sold. Its industry group is Other Technology. It names Gabriel Rene (Chief Executive Officer), Kevin Wilson (Chief Financial Officer), Dan Mapes (President) (SEC Form D, November 21, 2024).

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Verses AI Inc.

New Form D on file · 2024-11-21 · the record

$747K
raise on the record
D
filing
4
investors in
CALIFORNIA
based
Open the record →

What the record says

FilingForm D
Filed2024-11-21
Industry groupOther Technology
Entity typeCorporation
Incorporated inBRITISH COLUMBIA, CANADA
Year formed2020
BasedLOS ANGELES, CALIFORNIA
CIK1879001
Accession0001493152-24-047203

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What the filing shows about Verses AI Inc.

  • The filing reports $82K of the proceeds going to the company's own executives, directors or promoters.
  • 4 investors had already put money in when it filed.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

Example from a real report (our sample on Target): “The Q2 2026 earnings report, published August 19, 2026, showed adjusted EPS of $2.46 against an expected $2.33” Source: CNBC

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Who the filing names, and in what role

The filing gives Verses AI Inc.'s address as 5877 Obama Boulevard, Los Angeles, CA 90016.

What the filing says

  • Offered: $3,007,757. Sold: $746,505. Left to sell: $2,261,252. (filing)
  • Investors: 4 had already invested. (filing)
  • Date of first sale: November 8, 2024. (filing)
  • Types of securities: Equity; Options, warrants or other rights to acquire another security. (filing)
  • Item 16, payments to executive officers, directors or promoters: $82,000 of the proceeds is used or proposed to be used for such payments (the filing marks this amount as an estimate). The filing explains: “The proceeds will be used for general working capital, which may include director and officer salaries. One month of salary for the CEO, CFO and President would total approximately $82,000.” (filing)
  • On the amounts offered and sold: the filing adds “Values in this Item 13 have been converted to USD using the Federal Reserve exchange rate for CAD to USD as of November 8, 2024.” (filing)
  • On sales commissions and finders' fees: the filing adds “A.G.P. received a 6.5% cash commission of US$23,346 and 65,000 warrants, each exercisable for 1 unit at C$0.50. Each unit consists of 1 Class A Subordinate Voting Share and 1/2 of 1 warrant, with each whole warrant exercisable for 1 share at C$0.70.” (filing)

This is the company's own disclosure. A payment disclosed on a Form D is a disclosed use of proceeds, not a finding of wrongdoing.

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Is Verses AI Inc. a real, registered company?

Verses AI Inc. is a registered filer with the SEC (CIK 1879001) and has filed since 2022-10-14. 11 filings are on record, the latest on 2026-03-30.

A filing shows the company exists and what it reports about itself. It is not an audit or a rating.

Who runs Verses AI Inc.?

Verses AI Inc.'s Form D of 2024-11-21 names Gabriel Rene, Kevin Wilson, Dan Mapes and 3 more as its officers, directors or promoters.

How much has Verses AI Inc. raised?

Its new offerings report $20.99M sold across 11 offerings, as its own filings state.

Filing history · 11 filings on this registrant
Form D · 2022-10-14 · $405KForm D · 2023-03-14 · $1.24MForm D · 2023-04-03 · $189KForm D · 2023-07-21 · $871KForm D · 2023-12-13 · $199KForm D · 2024-05-06 · $6.81MForm D · 2024-11-13 · $30KForm D · 2024-11-21 · $747K · this pageForm D · 2024-11-21 · $198KForm D · 2025-01-24 · $9.79MForm D · 2026-03-30 · $511K 2022-10-14 2026-03-30

Each marker is one filing. The larger marker is the filing this page is about.

Other Technology · by week

Trailing twelve months. 3862 filings in Other Technology, totalled by week.

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What the filing shows about Verses AI Inc.

  • The filing reports $82K of the proceeds going to the company's own executives, directors or promoters.
  • 4 investors had already put money in when it filed.
  • The filing names 6 people as officers, directors or promoters.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

Example from a real report (our sample on Target): “The Q2 2026 earnings report, published August 19, 2026, showed adjusted EPS of $2.46 against an expected $2.33” Source: CNBC

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What the Full Report on Verses AI Inc. covers

  1. The Short Answer

  2. Which Company This Is

  3. What They Do, And How The Money Works

  4. Who Runs It, And How To Reach Them

  5. The Money: Funding, Valuation, Runway

  6. Who Pays Them, And Who They Are Up Against

  7. Warning Bells

  8. Sources

    1 cited source found

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Verses AI Inc.: Raised $747K, Form D filed 2024-11-21
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Permanent URL: https://mentionfox.com/funding/verses-ai-inc-form-d-24000001
Last updated 2026-11-08
Primary record: SEC filing 1 · SEC filing 2
Verses AI Inc. raised $747K — SEC Form D filing, November 2024. MentionFox, 2026-11-08. https://mentionfox.com/funding/verses-ai-inc-form-d-24000001