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Verses AI Inc (3)
Symbol VERS
Shares Issued 9,847,199
Close 2026-01-16 C$ 1.45
Market Cap C$ 14,278,439
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Verses AI slashes work force in half

2026-01-16 18:41 ET - News Release

Mr. Gabriel Rene reports

VERSES® RESTRUCTURES TO FOCUS ON CORE TARGET MARKET

Verses AI Inc. has refocused its corporate strategy, designed to concentrate resources on the company's core target markets and highest-priority initiatives.

In connection with this strategic focus, the company has implemented a work force restructuring that will reduce headcount by approximately half. The reduction includes the termination of certain previously furloughed employees and executives whose roles were not associated with core target market activities. In addition, certain executives are temporarily deferring their salaries. These actions demonstrate the leadership team's continued support for the company and its business strategy, and are expected to drastically reduce operating costs and improve the company's liquidity position.

The company is grateful for the contributions of all impacted employees and recognizes the dedication and effort they have brought to Verses.

Verses chief executive officer Gabriel Rene said, "This work force restructuring will allow us to pursue our core target market with the greatest efficiency and speed, and is a strategy that we believe positions us to drive the best return on investment and benefit to our shareholders."

About Verses AI Inc.

Verses is a cognitive computing company building next-generation intelligent agentic systems modeled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, the company's flagship product, Genius, is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a smarter world that elevates human potential through technology inspired by nature.

We seek Safe Harbor.

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