Versus Systems Announces $2.5M Investment And Licensing Agreement With ASPIS To Strengthen Nasdaq Compliance
Portfolio Pulse from Benzinga Newsdesk
Versus Systems has announced a $2.5 million investment and licensing agreement with ASPIS to meet Nasdaq's compliance requirements. This move is part of their plan to maintain the minimum shareholders' equity needed for continued listing on the Nasdaq Capital Market.
October 16, 2024 | 7:02 am
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Versus Systems has secured a $2.5 million investment and licensing agreement with ASPIS to comply with Nasdaq's listing requirements, ensuring they maintain the necessary shareholders' equity.
The $2.5 million investment and licensing agreement with ASPIS is crucial for Versus Systems to meet Nasdaq's compliance requirements. This move directly addresses the need to maintain the minimum shareholders' equity, which is essential for their continued listing on the Nasdaq Capital Market. The successful execution of this plan is likely to have a positive short-term impact on the stock price as it alleviates the risk of delisting.
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