VERSES (VERS) Status Update summary

Uplist and corporate strategy update

• Ongoing efforts to uplist to a Tier 1 U.S. exchange, with steps like a reverse stock split and transition to a domestic SEC reporting company completed.

• Uplist process is still active, with legal and financial teams working to meet exchange requirements.

• Communication was limited during the process due to regulatory constraints, but the company expresses gratitude for shareholder support.

Technology and product development

• Major advances in AI with the Genius platform, including AXIOM for adaptive reasoning, Genius SENSE for real-time machine vision, and Genius ACT for robotics.

• Demonstrated breakthroughs in robotics, enabling goal-directed, self-aware robots that adapt in real time and share knowledge across different systems.

• Spatial Web standards ratified, enabling interoperability and digital twin capabilities for real-world environments.

• NASA JPL among first testers, with successful cross-platform lunar simulations.

Market traction and customer adoption

• Commercial version of Genius launched, with strong adoption across diverse industries and geographies.

• Customers include CRM companies, banks, consulting firms, law firms, and media, many acting as both users and future channel partners.

• Revenue is being generated from these customers, with expectations for growth as adoption ramps up.