VERSES AI Inc. completed the second tranche of a non-brokered private placement on March 27, 2026, issuing 473,500 units at a price of C$0.75 (US$0.54) per unit. This second tranche generated gross proceeds of C$355,125 (approximately US$257,318). Combined with a previously completed tranche announced on March 16, 2026, the aggregate offering raised C$1,100,930 (approximately US$797,717) in gross cash proceeds. The offering also extinguished C$132,300 (approximately US$95,863) in liabilities. A total of 1,644,307 units were issued across both tranches of the offering. Each unit is comprised of one Class A Subordinate Voting Share and one-half of one Share purchase warrant. Each whole Share purchase warrant entitles the holder to purchase one Share at an exercise price of C$1.00 (approximately US$0.72) for 24 months from the date of issuance. The net proceeds are intended to strengthen the company's financial position, provide liquidity, finance continuing operations (particularly research and development objectives), and for working capital and general corporate purposes. In connection with the second tranche, the company paid C$10,410 (approximately US$7,543) in cash finders fees and issued 29,880 finder warrants. All securities issued under the offering are subject to a statutory hold period of four months plus a day in accordance with Canadian securities legislation.