Versus Systems Inc (VS)

[pennypauly]

Versus Systems Announces Closing of $2.25 Million Registered Direct Offering
February 06 2023 - 04:05PM
GlobeNewswire Inc.
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Versus Systems Inc. (“Versus” or the “Company”) (NASDAQ: VS) today announced that it has closed its previously announced registered direct offering of 2,500,000 of the Company's common shares at a purchase price of $0.90 per common share.
Roth Capital Partners acted as the exclusive placement agent for the offering.

The gross proceeds to the Company from this offering were approximately $2,250,000, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The common shares described above were offered by the Company pursuant to a "shelf" registration statement on Form F-3 (File No. 333-263834) previously filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on March 31, 2022. The offering of the common shares was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering have been filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC's website at http://www.sec.gov or by contacting Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, California 92660, by telephone at [phone], or by email at [e-mail].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Versus Systems

Versus Systems Inc. is an engagement and rewards company that makes live events, games, shows, and apps more fun to watch and play. Versus adds interactive games, polling, trivia, predictive elements, and other win conditions to existing entertainment - whether in-venue or online - making the content more contextual, personal, and rewarding. Versus works with world class sports teams, leagues, venues, entertainment companies, and other content creators to make engaging, rewarding experiences for fans all over the world. For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.