---
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"
generated_at: "2026-05-30T14:38:12.702211+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Versus Systems enters $2.5M funding and licensing deal with ASPIS to satisfy Nasdaq minimum equity rule

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-087879
- JSON: https://secwatch.observer/filing/0001213900-24-087879.json
- Plain text: https://secwatch.observer/filing/0001213900-24-087879.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.