Versus Systems gets Nasdaq notice over stockholders’ equity shortfall

• Nasdaq issued Versus Systems a deficiency letter on April 29, 2026, citing failure to meet Listing Rule 5550(b)(1) minimum stockholders’ equity requirement as of Dec. 31, 2025.
• Stockholders’ equity stood at $1.92 million versus $2.5 million minimum, with company also failing Nasdaq alternative continued-listing tests tied to market value of listed securities or net income from continuing operations.
• Nasdaq set June 13, 2026 deadline to submit compliance plan; acceptance could extend compliance window to Oct. 26, 2026.
• Compliance plan includes stock sale to ASPIS Cyber Technologies under April 15, 2026 agreement for $1.7 million cash at $1.12 per share, totaling 1,513,128 shares, with closing expected by May 14, 2026.

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