Welcome to our dedicated page for Versus Systems news (Ticker: VS), a resource for investors and traders seeking the latest updates and insights on Versus Systems stock.
Versus Systems Inc. (Symbol: VS) is a pioneering financial technology company that enhances user engagement through gamification and rewards. Operating primarily in Canada and the USA, Versus Systems collaborates with video game publishers and developers to offer prize-based matches for PC games, enabling players to compete and win digital goods, physical goods, and real money. The company's innovative platform is backed by Originate Labs and the law firm Manatt Phelps & Phillips.
Versus Systems offers a suite of proprietary business-to-business software tools designed to drive user engagement by integrating in-game prizes and rewards such as merchandise, coupons, digital goods, and sweepstakes entries within their websites, venues, or streaming media content. The company's clients include sports teams, venues, and advertising agencies, which utilize these tools to boost fan engagement, gather first-party data, and increase sales during live events and advertising campaigns.
Versus Systems is dedicated to making live events, games, shows, and apps more interactive and engaging by adding games, polling, trivia, and predictive elements, making entertainment more personalized and rewarding. The company collaborates with Fortune 100 brands as well as major sports leagues like NFL, NBA, MLB, NHL, and NCAA, and other content creators to deliver engaging and rewarding experiences for fans worldwide.
Recent developments include a significant investment agreement with CECG, where up to 24,727,361 common shares of Versus were issued, representing approximately 51% of the company's outstanding shares. This investment is expected to strengthen Versus' financial position and support its growth initiatives.
In another development, Versus has announced a consolidation of its common shares, with every 16 shares being converted into one. This move aims to streamline its share structure and enhance shareholder value. The consolidated shares commenced trading on December 29, 2023.
Versus Systems is committed to creating safe and legal environments for gamers to win money and prizes through skill-based games. The company's engagement platform is instrumental in transforming traditional entertainment into interactive experiences. For more information, visit the official Versus Systems website or their YouTube channel.
Versus Systems has announced the launch of its new interactive advertising tool, Click Play Win, in partnership with beverage innovation lab Eliqs. The debut will take place at the UCLA Anderson Global Sports Business Forum on October 21, 2022. This innovative tool enables advertisers to enhance engagement through interactive gameplay, allowing attendees to win rewards by playing games linked to product packaging. The partnership aims to bridge the gap between digital advertising and experiential marketing, enhancing user engagement and data collection.
Versus Systems Inc. (Nasdaq: VS) announced a strategic investment from Yat Siu, Executive Chairman of Animoca Brands, amounting to $1,119,373.14 for 6,184,382 shares at $0.181 each. The transaction closed on October 6, 2022, making Outblaze a 19.9% shareholder in Versus. Siu’s involvement supports Versus' growth in advertising, streaming media, and Web 3.0 technologies. This partnership aims to enhance audience engagement through interactivity and rewards, positioning Versus to capitalize on trends in digital media.
Versus Systems, Inc. (Nasdaq: VS) announced the release of an updated version of its popular product, Filter Fan Cam, which enables real-time 3D filters for live event streams. This version allows for mobile engagement, extending its use beyond large venues to smaller locations. Notable partnerships include initiatives with Coca-Cola and Clemson football fans. The new features include improved user interface and enhanced graphics. CEO Matthew Pierce highlights their commitment to providing rewarding experiences for fans at events.
Versus Systems has appointed Ms. Shannon Pruitt to its Board of Directors as of September 20, 2022. Pruitt, currently the Global Chief Content Officer at Stagwell Media Network, brings over 20 years of marketing and monetization experience. Her expertise in consumer engagement and partnerships is expected to enhance Versus' professional sports partnerships and expand its reach in Over-the-Top (OTT) streaming and media. The CEO, Matthew Pierce, expressed excitement about her joining, highlighting the potential growth in Web 3.0 and streaming media offerings.
Versus Systems Inc. (Nasdaq: VS) will hold an investor webinar on August 15, 2022, at 2:00 p.m. PT (5:00 p.m. ET) to discuss second quarter developments, key performance metrics, and growth strategies. Interested investors can register through the company's investor relations website. The executive management team will address operational highlights and answer audience questions. Versus Systems focuses on enhancing entertainment experiences by adding interactive elements to live events and digital platforms.
Versus Systems (Nasdaq: VS) announced the successful activation of its XEO platform for Finastra during their Global Sales Kick-Off in Miami, FL. This event marked Versus' entry into the Corporate Meeting and Events segment. Over one-third of attendees engaged with the platform, which featured games like Swish basketball and Turbo Trivia. CEO Matthew Pierce highlighted the positive feedback and potential for future activations in this market. Finastra's Digital Events Marketing Manager, Jake Mecimore, also expressed satisfaction with the engagement outcomes.
Versus Systems Inc. (NASDAQ: VS) has expanded its experiential advertising platform through a collaboration with Innovative New Media, launching the Zaxby’s PLAYMUSICITYGP.COM promotion that supports Zaxby’s sponsorship of the Music City Grand Prix IndyCar Race. The promotion offers 70 fans the chance to win exclusive prizes, including tickets and a unique IndyCar ride experience. The Music City GP event is scheduled for August 5-7, 2022, in Nashville. CEO Matthew Pierce expressed excitement about enhancing IndyCar fan experiences through this partnership.
On July 26, 2022, Versus Systems Inc. (NASDAQ: VS) announced that the U.S. Patent and Trademark Office granted U.S. Patent No. 11,376,498, covering innovative methods for managing in-content challenges in multiplayer games. This patent protects various methods for providing rewards based on player performance and eligibility criteria. The technology aims to enhance audience engagement during live events and streaming media. Versus continues to expand its patent portfolio, focusing on interactive prizing and rewards in media.
Versus Systems (NASDAQ: VS) announced a major venture into the Over-the-Top (OTT) streaming media sector, marking a milestone in its growth strategy. The company has secured a multi-year contract to introduce its patented reward-based fan engagement technology to a new OTT sports channel, set to launch in Q4 2022. This partnership aims to enhance viewer experience through interactive content, positioning Versus to capitalize on the rapidly expanding OTT market.
Versus Systems closed a registered direct offering, raising approximately $2.16 million by selling 4,145,000 common shares at $0.52 each. Alongside this, they issued warrants for up to 6,217,500 common shares at the same exercise price, exercisable in six months with a five-and-a-half-year term. The proceeds will support working capital and corporate needs. The offering was conducted under an effective shelf registration statement with the SEC, allowing for future fundraising.
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