On May 17, 2024, VERSES AI Inc closed the transaction. The company issued 674,700 Special Warrants at a price of CAD 1 per Special Warrant for gross proceeds INR 674,700 in its third and final tranche. Under the Third Tranche, the Company paid fees to eligible finders consisting of CAD 46,226; and 45,976 finder warrants.

In the aggregate, the Company has paid to eligible finders CAD 317,286 and 316,536 Finder Warrants under the Private Placement.