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 Inc. (Nasdaq: VS) announced a strategic investment from Animoca Brands, a leader in blockchain gaming, following a public offering that closed on February 28, 2022. This partnership reflects confidence in Versus' growth strategy and proprietary technology aimed at enhancing engagement in digital entertainment. Animoca's investment aligns with Versus' vision of audience interactivity and rewards in the emerging Web3 and open metaverse space, positioning the company for future developments in play-to-earn and watch-to-earn platforms.
Versus Systems Inc. (NASDAQ: VS) announced the closure of its public offering of 4,375,000 units at a price of USD $1.60 per unit, grossing USD $7 million. Each unit includes one common share and one warrant, with an exercise price of USD $1.92. Additionally, underwriters exercised an option for 590,625 warrants at USD $0.0001 each. The net proceeds will be utilized for working capital and general corporate purposes. The SEC approved the registration statement on February 2, 2022.
Versus Systems has announced a public offering of 4,375,000 units, aiming to raise approximately USD $7 million. Each unit comprises one common share priced at $1.60 and a warrant with an exercise price of $1.92. Versus has also granted underwriters a 30-day option to purchase up to 656,250 additional shares and/or warrants. The offering is contingent upon customary closing conditions, and is anticipated to close on February 28, 2022. The company plans to utilize the funds raised for working capital and general corporate purposes.
Versus Systems announced its partnership renewal with the Anaheim Ducks to provide the XEO technology for fan engagement during home games at Honda Center for the 2021-22 and 2022-23 NHL seasons. This collaboration enhances the in-venue experience through interactive games and activities, known as the Flying V Experience, enabling fans to engage before, during, and after games using mobile devices and video boards. CEO Matthew Pierce emphasized the commitment to delivering engaging experiences for fans.
Versus Systems (Nasdaq: VS) announced a record achievement of 33 activations of its fan engagement products during the week of October 18, 2021, catering to nearly 1 million fans across various stadiums and leagues globally. The events featured interactive games such as Trivia and Tug of War, enhancing the live sporting experience. Versus Systems aims to deliver more engaging experiences through partnerships with a variety of sports teams and leagues, reflecting strong demand for in-person fan interactions as audiences return to venues.
Versus Systems has announced a major achievement in audience engagement, surpassing 10 million viewers across all platforms since July 1, 2021, and approaching 1 million weekly viewers. This growth is bolstered by the acquisition of Xcite Interactive in June. The company has powered over 500 events, including major sports leagues, and expanded its user base to over 60 partners. Moving forward, Versus will focus on software licensing, subscriptions, and advertising revenue sharing as key growth areas.
Versus Systems (Nasdaq: VS) announced a partnership with 11 NHL teams to enhance fan engagement via its new interactive and rewards platform. This initiative, effective for the 2021-2022 NHL season, aims to leverage both professional services and software licensing/subscriptions to drive engagement and reward fans. Versus will also introduce more teams throughout the season. The company's revenue model now includes advertising revenue sharing, allowing brands to integrate offers into interactive content, with revenue shared between Versus and its partners.
Versus Systems (NASDAQ: VS) will present at the 14th annual LD Micro Main Event on October 13 at 1:00 PM PT in Los Angeles. CEO Matthew Pierce will share updates on the company's progress as a NASDAQ-listed entity.
Event founder Chris Lahiji expressed excitement about the return of in-person events after nearly two years. The conference runs from October 12-14, featuring around 150 companies, each presenting for 25 minutes. Attendees can register to watch the virtual presentation here.
Versus Systems has partnered with the Edmonton Elks to enhance fan engagement at Commonwealth Stadium. The initiative includes a custom three-card monte game featuring a Tim Hortons Timbit, displayed on the video board. Additionally, they are implementing the Filter Fan Cam, which adds fun filters to fan images. CEO Matthew Pierce expressed excitement about the project, highlighting how sponsored interactive content will be crucial for brand connections with fans moving forward.
Versus Systems has partnered with the Los Angeles Rams to introduce a digital Lotería game during their home games at SoFi Stadium. Launched on September 26, 2021, this interactive experience allows over 70,000 fans to engage with the game through their mobile devices, offering real-time gamification and digital prizes. Fans can register at RamsLoteria.com to participate and win prizes in subsequent games. This initiative highlights Versus Systems' commitment to enhancing fan engagement through innovative technology.
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