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VS - Versus Systems executes 1-for-15 reverse split
Versus Systems Inc.
Versus Systems ( NASDAQ: VS ) has announced a 1-for-15 reverse split of its common shares to aid compliance with Nasdaq’s listing requirements.
Every 15 common shares of the company will be converted into one common share, reducing the number of issued and outstanding common shares from ~31.1M to ~2.1M. The consolidation is effective as of the close of trading on Nov. 08, 2022.
The shares will commence trading on a split-adjusted basis as of the open of trading on Nov. 9, 2022.