{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-089687","form_type":"8-K","ticker":"VS","cik":"0001701963","company_name":"Versus Systems Inc.","filed_at":"2024-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.273391+00:00","generated_at":"2026-05-30T11:41:59.658663+00:00","sec_items":["1.01","2.03","3.02","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Versus Systems issues $2.5M convertible note to ASPIS; could give ASPIS ~43.6% stake","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-089687","json":"https://secwatch.observer/filing/0001213900-24-089687.json","markdown":"https://secwatch.observer/filing/0001213900-24-089687.md","text":"https://secwatch.observer/filing/0001213900-24-089687.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1701963/000121390024089687/0001213900-24-089687-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1701963/000121390024089687/ea021771301-8k_versus.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T11:41:59.658663+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"}