Versus Systems says it regained Nasdaq stockholders' equity compliance
Versus Systems said it believes it has regained compliance with Nasdaq's $2.5 million stockholders' equity requirement, following a $1.7 million share sale to ASPIS Cyber Technologies and $1,485,000 of license revenue recognized in the quarter ended June 30, 2026. The compliance view rests on an unaudited pro forma balance sheet, and Nasdaq says it will keep monitoring and may delist the company if compliance is not shown at its next periodic report.
Key points
- Company sold 1,310,969 shares of common stock to ASPIS Cyber Technologies on June 26, 2026, for $1,700,000.
- Pro forma stockholders' equity was $3,403,606 as of June 30, 2026, against a $2,500,000 minimum; the balance sheet is unaudited.
- ASPIS license fee is $165,000 per month through at least January 31, 2027; the entire $1,485,000 transaction price was recognized as revenue in the quarter ended June 30, 2026.
- Nasdaq issued a deficiency letter on April 29, 2026, and may delist the company if compliance is not evidenced at its next periodic report.
The filing
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 July 23, 2026.
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