Versus Systems Stock Price, News & Analysis

Versus Systems Inc. (Nasdaq: VS) announced a Master Service Agreement with ENT Marketing Inc. to enhance client activations using the Versus XEO platform for fan engagement and rewards.

The collaboration's first project was a marketing promotion for a fast-casual chicken restaurant, utilizing the XEO platform's basketball game, Swish, showing versatility in new sectors. This partnership marks a promising expansion for Versus into quick-service restaurant (QSR) activations, indicating potential growth opportunities as they plan further collaborations with ENT Marketing.

Versus Systems has successfully partnered with the San Antonio Stock Show and Rodeo for the fourth consecutive year, deploying its XEO Interactive Services. This year's event attracted approximately 1.3 million visitors, with 15,000 to 17,000 attendees per night across 20 performances. The XEO platform enhanced fan engagement, reaching over 365,000 fans and distributing nearly 10,000 rewards. The partnership showcases Versus' commitment to delivering interactive experiences, bolstering fan interaction, and creating valuable engagement opportunities.

Versus Systems Inc. (Nasdaq: VS) has issued an update on its operational developments and growth plans. The company published a shareholder letter detailing its recent key performance indicators and strategic roadmap. Versus Systems focuses on enhancing live events, games, and apps through interactive features, collaborating with sports teams and entertainment companies. The investor relations section of their website hosts further details, including an accompanying presentation.

Versus Systems Inc. (Nasdaq: VS) has partnered with Diplomat Sports & Entertainment to enhance fan engagement for the Hokkaido Nippon-Ham Fighters in Nippon Professional Baseball starting March 25, 2022. Utilizing Versus' XEO interactive arcade platform, fans can earn points and win real-world prizes during the 2022 season. This partnership signifies Versus' growing international footprint, with potential expansions to other teams in the league. CEO Matthew Pierce emphasized the goal of enriching the live sports experience for fans globally.

Versus Systems Inc. (Nasdaq: VS) announced a strategic investment from Animoca Brands, a leader in blockchain gaming, following a public offering that closed on February 28, 2022. This partnership reflects confidence in Versus' growth strategy and proprietary technology aimed at enhancing engagement in digital entertainment. Animoca's investment aligns with Versus' vision of audience interactivity and rewards in the emerging Web3 and open metaverse space, positioning the company for future developments in play-to-earn and watch-to-earn platforms.

Versus Systems Inc. (NASDAQ: VS) announced the closure of its public offering of 4,375,000 units at a price of USD $1.60 per unit, grossing USD $7 million. Each unit includes one common share and one warrant, with an exercise price of USD $1.92. Additionally, underwriters exercised an option for 590,625 warrants at USD $0.0001 each. The net proceeds will be utilized for working capital and general corporate purposes. The SEC approved the registration statement on February 2, 2022.

Versus Systems has announced a public offering of 4,375,000 units, aiming to raise approximately USD $7 million. Each unit comprises one common share priced at $1.60 and a warrant with an exercise price of $1.92. Versus has also granted underwriters a 30-day option to purchase up to 656,250 additional shares and/or warrants. The offering is contingent upon customary closing conditions, and is anticipated to close on February 28, 2022. The company plans to utilize the funds raised for working capital and general corporate purposes.

Versus Systems announced its partnership renewal with the Anaheim Ducks to provide the XEO technology for fan engagement during home games at Honda Center for the 2021-22 and 2022-23 NHL seasons. This collaboration enhances the in-venue experience through interactive games and activities, known as the Flying V Experience, enabling fans to engage before, during, and after games using mobile devices and video boards. CEO Matthew Pierce emphasized the commitment to delivering engaging experiences for fans.

Versus Systems (Nasdaq: VS) announced a record achievement of 33 activations of its fan engagement products during the week of October 18, 2021, catering to nearly 1 million fans across various stadiums and leagues globally. The events featured interactive games such as Trivia and Tug of War, enhancing the live sporting experience. Versus Systems aims to deliver more engaging experiences through partnerships with a variety of sports teams and leagues, reflecting strong demand for in-person fan interactions as audiences return to venues.