Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Versus Systems Inc. (VS)

Versus Systems receives Nasdaq equity deficiency letter; plans $1.7 million stock sale

Negative Impact 4 of 5 legal/regulatory Written later

Nasdaq told Versus Systems on April 29, 2026 that it did not meet the $2.5 million minimum stockholders' equity required for continued listing, citing equity of $1,918,303 at December 31, 2025. The company has until June 13, 2026 to submit a compliance plan, and Nasdaq may extend the deadline to October 26, 2026 if the plan is accepted, so the letter has no immediate effect on the listing.

Key points

  • Nasdaq deficiency letter dated April 29, 2026 cites stockholders' equity of $1,918,303 versus the $2,500,000 minimum
  • Compliance plan due June 13, 2026; possible extension to October 26, 2026 if accepted
  • Planned sale of 1,513,128 shares to ASPIS Cyber Technologies for $1,700,000 at $1.1235 per share, expected to close on or before May 14, 2026

The filing

CompanyVersus Systems Inc. (VS)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:01 PM ET
Accession number0001213900-26-052173

Items reported: 3.01 Delisting / Listing Rule Notice

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.