---
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"
generated_at: "2026-05-30T11:41:59.658663+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-089687
- JSON: https://secwatch.observer/filing/0001213900-24-089687.json
- Plain text: https://secwatch.observer/filing/0001213900-24-089687.txt

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