VSSYW Overview

Collaboration Announcement: Versus Systems Inc. has partnered with Drinkfinger Enterprises LTD. to enhance fan experiences in sports and entertainment through interactive technology and real-time digital engagement.

Interactive Features: The collaboration will allow fans to scan Drinkfinger products to access digital games, rewards, and exclusive experiences, transforming traditional fan gear into interactive digital touchpoints.

Leadership in Engagement: This initiative positions Versus Systems as a leader in real-time interactive entertainment, connecting brands, teams, and fans through engaging digital experiences.

Drinkfinger's Mission: Drinkfinger aims to combine team spirit and eco-friendly design in their products, creating collectible and functional fan accessories that enhance the overall fan experience.

Versus Systems Expands into Brazil: Versus Systems, Inc. is expanding its operations into Brazil, a major global gaming market with over 100 million users, by appointing Flavio Maria as Country Manager to lead their efforts in engaging Brazilian gamers through innovative solutions.

Focus on Gamification and Engagement: The company's gamification platform aims to enhance audience engagement by offering rewards-based interactive experiences, tailored to local trends such as esports and mobile gaming, thereby driving brand loyalty and satisfaction.

Investment and Agreements: Versus Systems has entered into two agreements with Aspis Cyber Technologies, including a $2.5 million investment agreement and a technology licensing deal, aimed at enhancing its financial position and technological capabilities in cybersecurity.

Compliance with Nasdaq Requirements: These agreements are part of Versus Systems' strategy to meet Nasdaq's minimum shareholders' equity requirement, with the company seeking shareholder approval for the issuance of equity under the investment note by December 2024 to avoid potential delisting.

NASDAQ Compliance Notification: Versus Systems, Inc. has been notified by NASDAQ that its stockholders' equity of $1,797,764 is below the required minimum of $2,500,000 for continued listing, and it must submit a compliance plan by October 7, 2024.

Company's Future Plans: The company is developing strategies to increase stockholder equity and aims to file a plan with NASDAQ by the deadline, while also acknowledging potential risks related to compliance and delisting.