Welcome to our dedicated page for Versus Systems news (Ticker: VS), a resource for investors and traders seeking the latest updates and insights on Versus Systems stock.
Versus Systems Inc. (NASDAQ: VS) is a gamification and audience engagement technology company whose news flow centers on partnerships, platform deployments, and capital markets developments. Company announcements describe how its proprietary engagement tools power interactive games, quizzes, competitions, and rewards for brands, sports teams, venues, and entertainment partners across digital and real-world environments.
News about Versus Systems often highlights new collaborations and agreements. Recent press releases describe initiatives with Digital Out-of-Home (DOOH) media operators and beverage accessory companies to embed Versus’ QR-enabled engagement technology into elevator screen networks and physical fan products. These stories explain how consumers can scan QR codes or interact with screens to unlock instant games, branded content, sponsor rewards, and recurring engagement opportunities, along with revenue-sharing models and planned rollouts in regions such as Spain, Portugal, and Brazil.
Sports and live events are another recurring theme. Versus Systems has reported on the renewal of its partnership with the Texas Rangers, where its Filter Fan Cam and augmented reality filters form part of in-game entertainment, allowing fans to appear on the stadium videoboard in customized, team-branded experiences. Such updates illustrate how the company’s technology is used in professional sports venues to enhance fan participation.
Investors following VS news will also find corporate and regulatory updates, including leadership changes, funding and technology licensing agreements, and Nasdaq listing compliance communications. These items provide context on the company’s strategic direction, financing arrangements, and regulatory status. For an ongoing view of Versus Systems’ activities, the news page aggregates these press releases and related coverage so readers can track developments in its partnerships, market expansion, and engagement technology initiatives.
Versus Systems Inc. (Nasdaq: VS) has received a Notification Letter from Nasdaq, indicating non-compliance with minimum bid price requirements. The company must maintain a closing bid price of at least US$1.00 per share for 10 consecutive business days to regain compliance. The deficiency was noted for the period from December 7, 2022, to January 20, 2023. Versus has until July 24, 2023, to rectify this issue, though its Nasdaq listing remains unaffected at this time. The company emphasizes that business operations continue as usual despite this notification.
Versus Systems Inc. (NASDAQ: VS) has announced a public offering of 2,100,000 units at $1.00 each, aiming for gross proceeds of approximately $2.1 million. Each unit includes a common share or pre-funded warrant to purchase a common share, along with two warrants for additional common shares. The warrants have an exercise price of $1.10 and expire in five years. The offering is expected to close on December 9, 2022. The proceeds will be used for working capital, marketing, sales, and the development of their engagement and rewards platform.
On November 28, 2022, Versus Systems Inc. (Nasdaq: VS) announced it regained compliance with Nasdaq's minimum bid price requirement after meeting the necessary criteria. Following a previous notice on June 14, 2022, about non-compliance due to a share price below $1.00, the company executed a 1-for-15 reverse split on November 8, 2022. Shares reached the required minimum bid price on November 22, 2022, allowing the company to remain listed on the Nasdaq Capital Market.
Versus Systems reported a 25% revenue increase from Q2 2022, reaching $0.3 million for Q3 2022, alongside a 4% rise from Q3 2021. Operating and investing cash usage decreased by 25%, yet a net loss of $(3.5) million was recorded. The company launched Click Play Win, a new interactive advertising tool. A strategic investment from Yat Siu was announced, further strengthening its financial position. Additionally, Versus appointed Shannon Pruitt to its Board of Directors and implemented a 1-For-15 Reverse Stock Split to comply with Nasdaq requirements.
Versus Systems announced a 1-for-15 reverse stock split to comply with Nasdaq listing requirements, effective November 8, 2022. The consolidation will reduce the number of outstanding shares from approximately 31.1 million to 2.1 million. Each holder will receive new certificates reflecting their adjusted holdings, with no fractional shares issued. The common shares will resume trading with a new CUSIP number 92535P881 on November 9, 2022. This step will help maintain compliance with stock exchange regulations.
Versus Systems Inc. (Nasdaq: VS) announced the launch of its innovative Click Play Win advertising tool to enhance brand awareness for HUE for Every Man at the UCLA Anderson Global Sports Business Forum on October 21, 2022. This tool enables attendees to engage with a customized Swish basketball game via a QR code, offering rewards for participation. The collaboration with NBA Champion Matt Barnes and HUE's CEO Jessica Estrada aims to provide valuable first-party data for targeted marketing, enhancing engagement and brand recognition.
Versus Systems has announced the launch of its new interactive advertising tool, Click Play Win, in partnership with beverage innovation lab Eliqs. The debut will take place at the UCLA Anderson Global Sports Business Forum on October 21, 2022. This innovative tool enables advertisers to enhance engagement through interactive gameplay, allowing attendees to win rewards by playing games linked to product packaging. The partnership aims to bridge the gap between digital advertising and experiential marketing, enhancing user engagement and data collection.
Versus Systems Inc. (Nasdaq: VS) announced a strategic investment from Yat Siu, Executive Chairman of Animoca Brands, amounting to $1,119,373.14 for 6,184,382 shares at $0.181 each. The transaction closed on October 6, 2022, making Outblaze a 19.9% shareholder in Versus. Siu’s involvement supports Versus' growth in advertising, streaming media, and Web 3.0 technologies. This partnership aims to enhance audience engagement through interactivity and rewards, positioning Versus to capitalize on trends in digital media.
Versus Systems, Inc. (Nasdaq: VS) announced the release of an updated version of its popular product, Filter Fan Cam, which enables real-time 3D filters for live event streams. This version allows for mobile engagement, extending its use beyond large venues to smaller locations. Notable partnerships include initiatives with Coca-Cola and Clemson football fans. The new features include improved user interface and enhanced graphics. CEO Matthew Pierce highlights their commitment to providing rewarding experiences for fans at events.
Versus Systems has appointed Ms. Shannon Pruitt to its Board of Directors as of September 20, 2022. Pruitt, currently the Global Chief Content Officer at Stagwell Media Network, brings over 20 years of marketing and monetization experience. Her expertise in consumer engagement and partnerships is expected to enhance Versus' professional sports partnerships and expand its reach in Over-the-Top (OTT) streaming and media. The CEO, Matthew Pierce, expressed excitement about her joining, highlighting the potential growth in Web 3.0 and streaming media offerings.
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