{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-087879","form_type":"8-K","ticker":"VS","cik":"0001701963","company_name":"Versus Systems Inc.","filed_at":"2024-10-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.273176+00:00","generated_at":"2026-05-30T14:38:12.702211+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Versus Systems enters $2.5M funding and licensing deal with ASPIS to satisfy Nasdaq minimum equity rule","bullets":["ASPIS to invest $500K initially and $2M by Nov 15, 2024, via a senior convertible promissory note.","Conversion price set at greater of $1.16/share or 5-day VWAP; upon conversion ASPIS could own ~45.8% of common shares.","Versus grants ASPIS perpetual license to gamification tech for $165K/month starting Jan 2025; ASPIS funds modifications.","Deal is part of a Nasdaq compliance plan to meet the $2.5M minimum shareholders' equity requirement.","ASPIS is an affiliate of largest shareholder Cronus Equity Capital Group (39.5% stake); director Luis Goldner is also an ASPIS shareholder."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-087879","json":"https://secwatch.observer/filing/0001213900-24-087879.json","markdown":"https://secwatch.observer/filing/0001213900-24-087879.md","text":"https://secwatch.observer/filing/0001213900-24-087879.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1701963/000121390024087879/0001213900-24-087879-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1701963/000121390024087879/ea021771302-8k_versus.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T14:38:12.702211+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}