Financing ·
Versus Systems, Inc. has regained compliance with Nasdaq's $2,500,000 minimum stockholders' equity requirement…
VSSYWVersus Systems Inc.
Versus Systems, Inc. has regained compliance with Nasdaq's $2,500,000 minimum stockholders' equity requirement following two key transactions. The company issued 1,310,969 common shares to ASPIS Cyber Technologies, Inc. (ACT) for $1,700,000 and renewed a technology license agreement with ACT. This renewal includes a monthly license fee of $165,000 through January 31, 2027, resulting in the recognition of $1,485,000 in revenue for the quarter ended June 30, 2026. Pro forma balance sheet data as of June 30, 2026, shows total stockholders' equity at $3,403,606. Nasdaq will continue to monitor compliance at the next periodic report. Versus Systems, Inc. provides gamification, engagement, and QR code technology.