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[8-K] Versus Systems Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Versus Systems Inc. entered into a Stock Purchase Agreement with ASPIS Cyber Technologies Inc. on April 15, 2026. Versus will sell common shares to ASPIS for cash totaling $1,700,000, with the per-share price set at 105% of the prior day’s closing share price at closing.

The parties expect to close the transaction on or before May 14, 2026. Based on its historic and projected expenses and revenues, Versus expects the proceeds to allow it to maintain at least $2,500,000 in stockholders’ equity through at least December 31, 2026, supporting continued listing and operations.

Positive

  • None.

Negative

  • None.

Insights

Versus secures a targeted $1.7M equity infusion to support balance-sheet strength.

Versus Systems has agreed to sell common stock to ASPIS Cyber Technologies for $1,700,000 in cash, priced at 105% of the closing share price before closing. The premium pricing avoids a discounted deal and signals ASPIS’s willingness to pay above the prevailing market price.

The company states that, given its historic and projected expenses and revenues, this capital is expected to keep stockholders’ equity at or above $2,500,000 through at least December 31, 2026. That level is often important for continued exchange listing and provides a clearer runway for operations, though the actual impact will depend on future performance and the timely closing expected on or before May 14, 2026.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 15, 2026

 

VERSUS SYSTEMS INC.
(Exact name of registrant as specified in its charter)

 

Delaware   001-39885   46-4542599
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

3500 South DuPont Hwy.

Dover, DE 19901

(Address of principal executive offices, including Zip Code)

 

Registrant’s telephone number, including area code: (604) 639-4457

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Shares   VS   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On April 15, 2026, Versus Systems, Inc. (the “Company”) and ASPIS Cyber Technologies, Inc. (“ASPIS”) entered into a Stock Purchase Agreement (the “SPA”). Pursuant to the SPA, the Company will sell to ASPIS, and Aspis will purchase for cash, a number of shares of Company common stock, at a price, equal to $1,700,000 divided by 105% of the closing price of a share of Company common stock on the day preceding consummation. The purchase price per share shall be 105% of such closing price. The parties expect to close the sale of stock contemplated by the SPA on or before May 14, 2026. Based on the Company’s historic and projected expenses and revenues, the Company expects the proceeds from such sale to result in the Company maintaining at least $2,500,000 in stockholders’ equity through at least December 31, 2026. 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
10.1   Stock Purchase Agreement by and between Versus Systems, Inc. and ASPIS Cyber Technologies, Inc., dated April 15, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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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: April 15, 2026 By: /s/ Luis Goldner
  Name:  Luis Goldner
  Title: Chief Executive Officer

 

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Filing Exhibits & Attachments

4 documents