---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-052173"
form_type: "8-K"
ticker: "VS"
cik: "0001701963"
company_name: "Versus Systems Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:26:44.468436+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nasdaq deficiency for VS due to equity shortfall; Company plans stock sale to regain compliance

## Summary
- Nasdaq notified VS on April 29, 2026 that stockholders' equity of $1,918,303 as of Dec 31, 2025 fell below the $2.5M minimum for continued listing.
- Company has until June 13, 2026 to submit a compliance plan; extension possible to Oct 26, 2026.
- To address deficiency, VS entered a Stock Purchase Agreement with ASPIS Cyber Technologies on April 15, 2026 to sell 1,513,128 shares at $1.1235/share for total $1.7M cash.
- Stock sale expected to close by May 14, 2026; proceeds intended to boost stockholders' equity.

## SEC filing metadata
- accession: 0001213900-26-052173
- form_type: 8-K
- ticker: VS
- cik: 0001701963
- company_name: Versus Systems Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701963/000121390026052173/0001213900-26-052173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701963/000121390026052173/ea0289226-8k_versus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-052173
- JSON: https://secwatch.observer/filing/0001213900-26-052173.json
- Plain text: https://secwatch.observer/filing/0001213900-26-052173.txt

## Source-grounded claims
- claim_id: 7aafb074d2f2b6a9e3a3acc46dfd04979c40b738
  claim: Versus Systems Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  evidence_excerpt: April 29, 2026, the Nasdaq Stock Market, LLC (“Nasdaq”) issued a deficiency letter to Versus Systems, Inc. (the “Company”). The basis of the letter is that as of December 31, 2025, Versus Systems, Inc. (the “Company”) di
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701963/000121390026052173/0001213900-26-052173-index.htm

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