Versus Systems regains Nasdaq compliance

Versus Systems Inc. (NASDAQ:VS, CSE:VS) has received notice from Nasdaq on January 16, 2024, confirming the company's regained compliance with the minimum bid price requirement. Previously, on January 23, 2023, Versus faced non-compliance due to its common shares falling below $1 for 30 consecutive business days. To address this, the company executed a 1-for-16 reverse split on December 28, 2023. Versus has now met the requirement by maintaining a minimum closing bid price of $1 or more for at least 10 consecutive business days, as of January 12, 2024.