secwatch.observer — SEC 8-K summary
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Issuer:     Versus Systems Inc. (VS)
CIK:        0001701963
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001213900-24-073060
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Versus Systems receives Nasdaq delisting notice for insufficient stockholders' equity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701963/000121390024073060/0001213900-24-073060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701963/000121390024073060/ea0212617-8k_versus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-073060

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