secwatch.observer — SEC 8-K summary
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Issuer:     Versus Systems Inc. (VS)
CIK:        0001701963
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001213900-25-001844
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Versus Systems regains equity compliance but receives new deficiency for missing 2024 annual meeting
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- Completed sale of 2,155,172 shares and warrants for 1,077,586 shares upon conversion of $2.5M note on Dec 23, 2024; equity now meets Nasdaq Rule 5550(b)(1).
- Nasdaq will continue monitoring; delisting possible if not evidenced at next periodic report.
- Jan 6, 2025 Nasdaq deficiency for failure to hold 2024 annual meeting; must submit compliance plan by Feb 20, 2025.
- Company expects combined 2024/2025 annual meeting in Q2 2025 to regain compliance.
- Second deficiency has no immediate effect on listing of VS or VSSYW on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701963/000121390025001844/0001213900-25-001844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701963/000121390025001844/ea0227045-8k_versus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-001844

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