VS - Versus Systems announces $2.25M direct offering
- Versus Systems ( NASDAQ: VS ) entered definitive agreements with institutional investors for the purchase and sale of 2.5M shares at a purchase price of $0.90 per share in a registered direct offering priced at the market under Nasdaq rules.
- The closing of the offering is expected to occur on or about February 6, 2023.
- The company had 8.18M shares outstanding, with the increase in outstanding shares resulting from the cash exercise of outstanding warrants.
- The gross proceeds from this offering are expected to be $2.25M.
- The company intends to use the net proceeds for working capital and general corporate purposes.
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Versus Systems announces $2.25M direct offering