Versus Systems receives Nasdaq delisting notice for insufficient stockholders' equity

Versus Systems Inc.

Stockholders' equity as of June 30, 2024 was ~$1.8M, below Nasdaq minimum of $2.5M.
Company has until Oct 7, 2024 to submit compliance plan; extension possible to Feb 18, 2025.
Also fails alternative compliance standards based on market value of listed securities or net income.
If plan rejected or compliance not regained, Nasdaq may delist; company can request hearing for up to 180-day extension.

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