Versus Systems Faces Delisting Notice
Ticker: VS · Form: 8-K · Filed: Aug 28, 2024 · CIK: 1701963
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: VS
TL;DR
VS is getting delisted, stock might be toast.
AI Summary
Versus Systems Inc. filed an 8-K on August 28, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard as of August 22, 2024. The company is based in Vancouver, BC, Canada, and its principal executive offices are located at 2900 – 500 Burrard Street, Vancouver BC V6C 0A3. The filing indicates potential issues with meeting listing requirements on the exchange.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from trading.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- Versus Systems Inc. (company) — Registrant
- August 22, 2024 (date) — Date of earliest event reported
- August 28, 2024 (date) — Date of report
- Vancouver BC (location) — Company location
- 2900 – 500 Burrard Street Vancouver BC V6C 0A3 Canada (address) — Principal executive offices
FAQ
What specific listing rule or standard has Versus Systems Inc. failed to satisfy?
The filing does not specify the exact rule or standard that was not met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the exact date of the event triggering this 8-K filing?
The earliest event reported, which triggered the filing, occurred on August 22, 2024.
What is Versus Systems Inc.'s primary business activity?
The filing lists the Standard Industrial Classification as SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374].
Where are Versus Systems Inc.'s principal executive offices located?
The principal executive offices are located at 2900 – 500 Burrard Street, Vancouver BC V6C 0A3, Canada.
What is the Commission File Number for Versus Systems Inc.?
The Commission File Number for Versus Systems Inc. is 001-39885.
Filing Stats: 738 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-08-27 18:49:03
Key Financial Figures
- $2.5 million — intain stockholders' equity of at least $2.5 million. In the Company's Quarterly Report on F
- $1,797,764 — d stockholders' equity of approximately $1,797,764, which is below the minimum stockholder
Filing Documents
- ea0212617-8k_versus.htm (8-K) — 34KB
- 0001213900-24-073060.txt ( ) — 247KB
- vs-20240822.xsd (EX-101.SCH) — 4KB
- vs-20240822_def.xml (EX-101.DEF) — 26KB
- vs-20240822_lab.xml (EX-101.LAB) — 36KB
- vs-20240822_pre.xml (EX-101.PRE) — 25KB
- ea0212617-8k_versus_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VERSUS SYSTEMS INC. Date: August 27, 2024 By: /s/ Curtis Wolfe Name: Curtis Wolfe Title: Chief Executive Officer 2