Versus Systems granted additional extension to regain compliance with Nasdaq

Versus System announced that it has received an additional extension of 180 calendar days from The Nasdaq Stock Market to regain compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. The extension follows the expiration of the initial 180 calendar day compliance period on July 24, 2023. As a result of the extension, Versus now has until January 22, 2024 to regain compliance with the Bid Price Requirement. If at any time before January 22, 2024, the bid price of the Company’s common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to Versus that it has achieved compliance with the Bid Price Requirement.