VS · Versus Systems Inc.

Versus Systems Inc. received a Nasdaq deficiency notice on April 29, 2026, due to stockholders' equity of $1,918,303 as of December 31, 2025, falling short of the $2,500,000 minimum required by Listing Rule 5550(b)(1). This triggers a compliance plan submission deadline of June 13, 2026, with possible extension to October 26, 2026, if accepted, but no immediate impact on listing status. The company confirmed it fails alternative standards for market value of listed securities or net income. To address the deficiency, Versus Systems entered a Stock Purchase Agreement on April 15, 2026, with ASPIS Cyber Technologies, Inc., for a $1,700,000 cash infusion via 1,513,128 common shares at $1.1235 per share (105% of the April 14 closing price), with closing anticipated by May 14, 2026. This transaction, previously disclosed in an April 16, 2026, 8-K, represents a critical near-term step to bolster equity and avoid delisting risks, directly tied to the compliance strategy.