VERSES AI Inc. Announces 2024 AGSM Results

On September 1, 2024, VERSES AI Inc. held its Annual General and Special Meeting of shareholders in Vancouver, British Columbia. During this meeting, all proposed resolutions were approved, which included fixing the number of directors at four, electing all director nominees, and reappointing Smythe LLP as the auditor for the upcoming year. Additionally, the shareholders authorized significant alterations to the Company’s Articles, including the deletion of special rights attached to certain shares and the re-designation of Class A Subordinate Voting Shares as Common Shares. The board of directors subsequently reappointed Michael Blum, resulting in a board consisting of Gabriel Rene, Dan Mapes, G. Scott Paterson, Jonathan De Vos, and Michael Blum. The changes to the Articles also included a new quorum requirement for shareholder meetings, which now mandates that at least 33 1/3 percent of issued shares entitled to vote must be present or represented by proxy. These alterations reflect a strategic move by the Company to streamline its governance structure and enhance shareholder engagement. By simplifying the share structure and adjusting the quorum requirements, VERSES AI aims to foster a more efficient decision-making process and improve collaboration among its stakeholders. The Company specializes in cognitive computing and has developed a flagship product, Genius™, which is designed to learn and adapt like natural systems. This innovative approach positions VERSES AI to leverage its technology for better collaboration between humans and machines, ultimately aiming to elevate human potential through nature-inspired innovations.