Welcome to our dedicated page for Versus Systems SEC filings (Ticker: VS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Versus Systems Inc. (VS) reported that on November 18, 2025 it signed a non-binding letter of intent with Drinkfinger Enterprises Ltd.. The parties are exploring a potential strategic collaboration focused on creating digital and on-site audience engagement activations in global markets, which fits with Versus Systems’ engagement and rewards technology business.
The letter of intent is explicitly described as non-binding, meaning it outlines proposed terms and intentions but does not commit either party to complete a definitive agreement. Further details, including any commercial terms or financial impact, would depend on future binding agreements, if any, between Versus Systems and Drinkfinger Enterprises.
Versus Systems (Nasdaq: VS) filed its Q3 2025 report showing lower year‑to‑date losses but ongoing liquidity pressure. The company posted a Q3 net loss of $757,997 with no revenue in the quarter. Year‑to‑date, revenue reached $2,179,348, driven largely by recognizing $1,980,000 from a functional license delivered to related party ASPIS in Q2.
Cash was $1,405,628 and working capital was $2,770,192 as of September 30, 2025. Management disclosed that recurring losses and limited operating cash flow raise substantial doubt about the company’s ability to continue as a going concern. Versus is pursuing financing and strategic options while emphasizing cost discipline and partnerships, including efforts to expand in Brazil. Shares outstanding were 4,901,677 as of November 12, 2025.
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