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VS - Versus Systems Inc News Story

C$12.65 0.2  1.2%

Last Trade - 25/02/21

Small Cap
Market Cap £61.9m
Enterprise Value £61.7m
Revenue £803k
Position in Universe 842nd / 2707

Versus Systems Files to List on Nasdaq

Mon 23rd November, 2020 12:00pm
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LOS ANGELES, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Versus Systems Inc.
(“Versus” or the “Company”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA),
today announced that it has publicly filed a registration statement on Form
F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a
proposed public offering of its common shares. The number of shares to be
offered and the price range for the proposed offering have not yet been

Versus has also applied to list its common shares on The Nasdaq Capital Market
under the ticker symbol “VS.” The Company believes it meets the initial
listing requirements for The Nasdaq Capital Market except for the equity
standard requirement, which the Company anticipates satisfying upon closing of
this proposed public offering.

Lake Street Capital Markets, LLC is acting as representative of the
underwriters for the offering.

The proposed offering will be made only by means of a prospectus. Once
available, a copy of the preliminary prospectus related to the offering may be
obtained from Lake Street Capital Partners, LLC, Attention: Syndicate
Department, 920 Second Avenue South, Suite 700, Minneapolis, MN 55402,
telephone: (612) 326-1305, or by emailing

A registration statement relating to the proposed offering has been filed with
the SEC but has not yet become effective. These securities may not be sold,
nor may offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release does not constitute an offer
to sell or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. The
offering is subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual size or
terms of the offering.

The listing of the Company’s common shares with The Nasdaq Capital Market
remains subject to approval by The Nasdaq Stock Market and the satisfaction of
all applicable listing and regulatory requirements. No assurance can be given
that the Company’s common shares will ultimately be listed on The Nasdaq
Capital Market. During the review process, the Company’s common shares will
continue to trade on the CSE under its current symbol “VS,” and on OTCQB
under its current symbol “VRSSF.”

About Versus Systems

Versus Systems, Inc. has developed a proprietary in-game prizing and
promotions engine that allows publishers, developers, and creators of games,
apps, and other interactive media content to offer real world prizes inside
their content. Players, viewers and users can choose from among the offered
prizes and then complete in-game or in-app challenges to win the prizes.

The Versus platform can be integrated into mobile, console, and PC games, as
well as streaming media and mobile apps. Brands pay to place their products
in-games and apps and gamers, viewers, and users complete challenges to earn
those prizes. Versus has multiple granted patents for how to manage prizing at
scale and how to comply with federal, state, and local law with their Dynamic
Regulatory Compliance engine. The Versus Systems platform is available now in
HP OMEN and HP Pavilion desktop and laptop computers, as well as select mobile
games and applications.

For more information, please visit or visit the official
Versus Systems YouTube channel

For Versus Systems, contact:
Cody Slach, Sean McGowan
Gateway Investor Relations

Disclaimer for Forward-Looking Information 

This news release contains certain forward-looking information and
forward-looking statements within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of historical
fact, are forward looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement that
involves discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations
of such words and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or be achieved)
are not statements of historical fact and may be forward looking statements.
In this news release, such statements include, without limitation, statements
regarding the results of our proposed public offering of shares of our common
shares and the potential uplisting of our common shares to The Nasdaq Capital
Market. These forward-looking statements are based on reasonable assumptions
and estimates of management of the Company at the time such statements were
made. Actual future results may differ materially as forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to materially differ from any future results, performance or achievements
expressed or implied by such forward-looking statements including
uncertainties related to the terms and success of our proposed public offering
and the potential that we may not be able to list our common shares on The
Nasdaq Capital Market. Although the forward-looking statements contained in
this news release are based upon what management of the Company believes, or
believed at the time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such forward-looking
statements, as there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not place
undue reliance on forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors or
assumptions used to develop such forward-looking information, will prove to be
accurate. The Company does not undertake any obligations to release publicly
any revisions for updating any voluntary forward-looking statements, except as
required by applicable law. 

The Canadian Securities Exchange does not accept responsibility for the
adequacy or accuracy of this press release.


GlobeNewswire, Inc. 2020
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