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Versus Systems to Host Business Update Event on August 16th
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Versus Systems Powers Fan Engagement at 2021 Bassmaster Classic
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LOS ANGELES, May 12, 2021 (GLOBE NEWSWIRE) Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) (FRANKFURT: BMVB) today announced that they have entered into a definitive agreement with Xcite Interactive (“Xcite”) to acquire 100% of Xcite’s capital stock.
Xcite is a world leader in interactive audience engagement, having worked with over 150 professional teams across the NFL, NBA, NHL, and MLB as well as the World Cup, Formula1, and other live events worldwide. Xcite has ongoing relationships with dozens of teams and content partners that will now be able to access Versus patented rewards platform inside their apps, streams, and broadcasts. The newly developed XEO platform will offer fans the ability to interact with their favorite shows, games, and events, winning rewards and prizes from their favorite brands.
To Aid Compliance with Nasdaq Listing Requirements, Versus Systems Announces 1-For-16 Reverse Stock Split
LOS ANGELES, Dec. 10, 2020 (GLOBE NEWSWIRE) To comply with Nasdaq listing requirements, Versus Systems Inc. (“Versus” or the “Company”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) announced that its board of directors has approved a 1-for-16 reverse split of its common shares (the “Consolidation”), effective as of the close of trading on December 14, 2020.
As a result of the Consolidation, every 16 common shares of the Company will be converted into one common share, reducing the number of issued and outstanding common shares from approximately 166 million to approximately 10.3 million. No fractional common shares will be issued in connection with the Consolidation, and any fractional shares created as a result of the Consolidation will be rounded up to the nearest whole common share. The number of Versus Systems’ authorized common shares and the number of common sh