DelistingMay 5, 2026, 04:08 PM
Versus Systems Receives Nasdaq Delisting Notice; Sells $1.7M Stock
AI Summary
Versus Systems Inc. received a Nasdaq deficiency letter on April 29, 2026, for failing to maintain the minimum $2,500,000 stockholders' equity, reporting $1,918,303 as of December 31, 2025. The company has until June 13, 2026, to submit a plan to regain compliance. To address this, Versus Systems entered a Stock Purchase Agreement with ASPIS Cyber Technologies, Inc. on April 15, 2026, to sell 1,513,128 shares for $1,700,000, with closing expected by May 14, 2026.
Key Highlights
- Nasdaq issued a deficiency letter on April 29, 2026, for failing to meet the $2,500,000 stockholders' equity requirement.
- Versus Systems' stockholders' equity was $1,918,303 as of December 31, 2025.
- The company has 45 days, until June 13, 2026, to submit a plan to regain compliance.
- Nasdaq may grant an extension until October 26, 2026, if the compliance plan is accepted.
- Versus Systems will sell 1,513,128 common shares to ASPIS Cyber Technologies for $1,700,000.
- The stock sale is expected to close on or before May 14, 2026, at $1.1235 per share.