Versus Systems issues $2.5M convertible note to ASPIS; could give ASPIS ~43.6% stake

Versus Systems Inc.

ASPIS Cyber Technologies invests $2.5M via senior convertible note; initial $500k funded, $2M due by Nov 15.
Note bears 10% interest, matures in one year; convertible at $1.16/share into units (common + half-warrants at $4.00) subject to shareholder approval.
Upon full conversion, ASPIS would own ~43.6% of outstanding common shares (excluding warrants).
Also on Oct 16, 2024, 240,490 warrants exercised for $885k, issuing 240,490 common shares.
Note is senior to other indebtedness; default triggers acceleration.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.