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Versus Systems Inc

Versus Systems Inc (VS)

12.65
0.00
( 0.00% )
Updated: 19:00:00

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glenn1919 glenn1919 1 week ago
VS............................https://stockcharts.com/h-sc/ui?s=VS&p=W&b=5&g=0&id=p86431144783
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Invest-in-America Invest-in-America 2 months ago
VS: And you indeed TOOK that money, and RAN!!! (CONGRATS!!!!)
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glenn1919 glenn1919 2 months ago
vs.....................................https://stockcharts.com/h-sc/ui?s=VS&p=W&b=5&g=0&id=p86431144783
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TheFinalCD TheFinalCD 2 months ago
this usually means its going higher

https://x.com/READY_2_PROFIT/status/1846552516667830483
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TheFinalCD TheFinalCD 2 months ago
10/15/2024, 6:19:27 PMVersus Systems Inc. entered into two agreements with ASPIS Cyber Technologies, Inc. The agreements include a Technology License and Software Development Agreement and a Business Funding Agreement. ASPIS will invest $2,500,000 in Versus Systems, with an initial investment of $500,000 and a subsequent investment of $2,000,000. Conversion price of $1.16 and 1077586 warrants with $4 exercise price.
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TrendTrade2016 TrendTrade2016 2 months ago
WHRE IS THE MAGGOT FROM EARLIER...LETS SCHOOL THE MAGGOTS
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TrendTrade2016 TrendTrade2016 2 months ago
VS MONSTER PLAY OF THE DAY
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TheFinalCD TheFinalCD 2 months ago
reume pop= dayuuuum
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TrendTrade2016 TrendTrade2016 2 months ago
HALT THEN POP OR DROP
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TrendTrade2016 TrendTrade2016 2 months ago
VS BACK TO 6.00
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tw0122 tw0122 2 months ago
VS offering at $4. 04:29 AM EDT, 10/16/2024 (MT Newswires) -- Versus Systems Inc. (VS) said Wednesday it has secured a $2.5 million funding and a technology licensing deal from Aspis Cyber Technologies.

Under a funding deal, the company received an initial $500 thousand and will receive the remaining $2 million tranche on or before Nov. 15 in exchange for a $2.5 million convertible promissory note.

The promissory note will be convertible into units, with each unit comprising of one common share and one warrant to purchase one-half common share at a price $4 per share.

Under a separate technology licensing deal, the company out-licenses its gamification, engagement, and QR code technology to ASPIS for use in various sectors for a monthly fee of $165,000 starting in January 2025.

The company said that deals form part of its plan to regain compliance with Nasdaq's $2.5 million minimum shareholders' equity requirement for continued listing.

The company has until Feb. 18, 2025, to regain compliance before being subject to delisting proceedings, it said.
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TrendTrade2016 TrendTrade2016 2 months ago
VS..HOLDING 5.00 LIKE A CHAMP
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TheFinalCD TheFinalCD 2 months ago
Thanks

im not in this one

cant kiss every girl at the dance
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tw0122 tw0122 2 months ago
China themes popping back up DUO TAOP XHG…BURU TCS and NVCR the other early runners.
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tw0122 tw0122 2 months ago
$4.95 * 300% Yes saw it last night. Will be a dumper soon at resistance levels. Not a magical bio like DRUG. Take the money and run.
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TheFinalCD TheFinalCD 2 months ago
Canada not China theme but hey LG=$
https://finviz.com/quote.ashx?t=VS&p=d

https://dilutiontracker.com/app/search/VS?a=dbb88c
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Golden Cross Golden Cross 2 months ago
Versus Systems Enters Agreements with ASPIS Cyber Technologies for Nasdaq Compliance Plan and to Strengthen Compliance and Technology Offerings
October 16 2024 - 1:40AM

Alert


Versus Systems, Inc. (NASDAQ: $VS ) (the “Company”) announced today the execution of two significant agreements with Aspis Cyber Technologies, Inc. (“ASPIS”), a cloud-based mobile endpoint cybersecurity technology firm.
ASPIS is affiliated with Cronus Equity Capital Group, LLC, which holds approximately 39.5% of the Company’s outstanding common stock. A significant shareholder of Cronus is also a shareholder of ASPIS, reinforcing the strategic alignment between the entities. In addition, a director of the Company is also a director of ASPIS and owns an equity interest in ASPIS.

The first agreement, a Business Funding Agreement (the “Funding Agreement”), provides for ASPIS to invest $2.5 million in Versus Systems. Under the Funding Agreement, ASPIS has initially invested $500,000, and on or before November 15, 2024, ASPIS will invest the balance of $2,000,000. In exchange for the investment, the Company has issued ASPIS an unsecured convertible promissory note with a principal balance of $2,500,000 (or such lesser amount if less is funded) (the “Note”).The Note is convertible into units with each unit comprised of one common share and one warrant to purchase one half of one common share at an exercise price of $4.00 per share. The Note may also be paid in cash at the option of ASPIS. The Note will not be convertible by the holder unless and until the Company obtains approval from its shareholders of the issuance of the equity under the Note and of the Company’s redomiciling to Delaware. The conversion price for the Note will be at least $1.16 but will be determined by the greater of (1) the 5-day volume-weighted average price, including the date prior to the initial funding, and (2) $1.16. The Company anticipates that it will hold its annual meeting to seek shareholder approval in December 2024. The Note is a senior note and will bear simple interest on the amounts funded at the rate of ten percent (10%) per annum.

The second agreement, a Technology Licensing and Software Development Agreement (the “License Agreement”), enables ASPIS to license Versus Systems’ gamification, engagement, and QR code technology for integration into its cybersecurity offerings, particularly in sectors such as government, finance, gaming, and social media in exchange for a monthly license fee paid to the Company. ASPIS will also compensate the Company for any updates or innovations related to this technology.

These agreements form the foundation of the Company’s compliance plan, submitted to Nasdaq on October 7, 2024, to address the Company’s requirement to maintain a minimum of $2.5 million in shareholders’ equity for continued listing on The Nasdaq Capital Market, as outlined in Nasdaq Listing Rule 5550(b)(1). Through these agreements, Versus Systems aims to exceed the required minimum shareholders’ equity, ensuring compliance until at least September 30, 2025. The Company cannot provide any guarantee or assurances, however, that it will exceed or continue to meet the minimum shareholders’ equity requirement.

“Partnering with ASPIS Cyber Technologies marks a pivotal moment for Versus Systems,” said Curtis Wolfe, Interim CEO of Versus Systems. “This collaboration not only strengthens our financial position but also enhances our technological capabilities, allowing us to provide cutting-edge solutions in cybersecurity.”

Under the terms of the agreements, assuming the Company receives shareholder approval of the issuance of equity under the Note and the Company’s redomiciling to Delaware, ASPIS could receive upon conversion of the Note and exercise of the warrants (assuming the final price is $1.16), 2,155,172 shares of common stock and warrants to purchase an additional 1,077,586 shares. Upon conversion of the Note, ASPIS would hold approximately 45.8% of the outstanding common stock of the Company. This percentage does not account for shares issuable upon exercise of the warrants or ASPIS’s option under the Note to convert any accrued and unpaid cash interest on the Note into units, which would result in additional shares issuable to ASPIS.

The License Agreement stipulates a monthly fee of $165,000 to be paid by ASPIS starting in January 2025, while also granting ASPIS a license to use any modifications made to the licensed technology for cybersecurity purposes.

Nasdaq will review the Company’s plan, and should the plan not be accepted, or if compliance is not achieved by February 18, 2025, Nasdaq may initiate delisting proceedings. In such cases, Versus Systems reserves the right to request a hearing for an additional extension.

About Versus Systems

Versus Systems, Inc. has developed a proprietary in-game prizing and promotions engine that allows game developers and publishers to offer real-world rewards inside their games. Players can choose from a variety of rewards that match their interests, including merchandise, events, and digital goods. Versus Systems is headquartered in Los Angeles, California.

For more information, please visit www.versussystems.com.

About Aspis Cyber Technologies, Inc.

ASPIS is a Cloud Based Mobile Endpoint Cyber Security Technology Company for Anti Tapping, Antihacking within the Government, Finance, Gaming and Social Media sectors that provides cybersecurity technology for clients that include governments, municipalities, commercial entities, and consumers.

For media inquiries, please contact:

Cody Slach, Gateway Group, Inc.
949-574-3860
IR@versussystems.com or
press@versussystems.com
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TrendTrade2016 TrendTrade2016 2 months ago
VS BLOWING UP
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TrendTrade2016 TrendTrade2016 2 months ago
VS AFTER MARKET PLAY OF THE DAY
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Awl416 Awl416 2 months ago
Whoops
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glenn1919 glenn1919 3 months ago
VS....................................https://stockcharts.com/h-sc/ui?s=VS&p=W&b=5&g=0&id=p86431144783
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Mr Krabs Mr Krabs 5 months ago
I'm locked in Let's see what tomorrow brings glta
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glenn1919 glenn1919 5 months ago
VS................................................https://stockcharts.com/h-sc/ui?s=VS&p=W&b=5&g=0&id=p86431144783
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Awl416 Awl416 5 months ago
Damn
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tw0122 tw0122 5 months ago
Ready again
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glenn1919 glenn1919 6 months ago
VS......................https://stockcharts.com/h-sc/ui?s=VS&p=W&b=5&g=0&id=p86431144783
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Invest-in-America Invest-in-America 6 months ago
VS: Yep!! You MOVE, influence, & otherwise ALTER the entire underpinings of Wall Street & beyond, Lord Monk, Sir --- every day!!
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Monksdream Monksdream 6 months ago
Whoops, I did it, again
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Golden Cross Golden Cross 6 months ago
Volume
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Awl416 Awl416 8 months ago
Who’s poking it
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Monksdream Monksdream 8 months ago
VS new 52 week lo
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Monksdream Monksdream 10 months ago
IBKR new 52 week high
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mick mick 10 months ago
WHATZZZ WRONG VS ?????
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Monksdream Monksdream 11 months ago
VS new 52 week low
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IoT II IoT II 11 months ago
I'll look for a seat. Thank you backstabbed. I've seen you around green acres. You seem to pick wnners:)
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IoT II IoT II 11 months ago
Yes
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Backstabbed Backstabbed 11 months ago
$VS - Looking awesome! did you see the accumulation/Distribution Line?
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IoT II IoT II 11 months ago
Shares Outstanding?
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AKATITUS AKATITUS 11 months ago
Yea market sucks this week. Hopefully next week it will change.
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Backstabbed Backstabbed 11 months ago
Was hoping it would move faster
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AKATITUS AKATITUS 11 months ago
Think they have a little conversion going on. But once that's done it should fly. This thing pumps hard from past experience
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Backstabbed Backstabbed 11 months ago
$VS - doubled my position today!
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AKATITUS AKATITUS 11 months ago
Yep loading 2
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OmegaMoney29 OmegaMoney29 11 months ago
All in
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OmegaMoney29 OmegaMoney29 11 months ago
Boom 💥 coming
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AKATITUS AKATITUS 11 months ago
https://twitter.com/TheBull_Stocks/status/1740776021824266486?t=zSbfpKYe4tf0byL_qo_u3A&s=19
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AKATITUS AKATITUS 11 months ago
https://twitter.com/daveakpac/status/1740799932402106824?t=6qJJa653Jfg1iIxpil9C3g&s=19

See what happens
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AKATITUS AKATITUS 11 months ago
Got mine.
Haven't played this in awhile.
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TrendTrade2016 TrendTrade2016 11 months ago
VS POST SPLIT POP UNDERWAY
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INFINITI INFINITI 1 year ago
Loading $$$$$
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