Versus Systems discloses Nasdaq non-compliance over audit committee and quorum rules

Versus Systems Inc.

On Nov 4, 2024, notified Nasdaq of non-compliance with Listing Rules 5605(c)(2)(A) (audit committee) and 5620(c)(i) (quorum).
Non-compliance triggered by CEO Luis Goldner's appointment; compensation committee compliance regained by removing him from committees on Nov 7.
To regain audit committee compliance, plans to appoint a new independent director to Board and Audit Committee.
To fix quorum, will propose bylaw amendments at December 2024 annual shareholder meeting.
Failure to regain compliance could lead to delisting of VS common shares and VSSYW warrants.

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