secwatch.observer — SEC 8-K summary
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Issuer:     Versus Systems Inc. (VS)
CIK:        0001701963
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001213900-26-052173
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701963/000121390026052173/0001213900-26-052173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701963/000121390026052173/ea0289226-8k_versus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-052173

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