LOS ANGELES, Oct. 07, 2022 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) introduced at present that the Company not too long ago secured a strategic funding from Yat Siu, the Executive Chairman and Co-Founder of multi-billion-dollar digital leisure firm Animoca Brands and Chief Executive Officer of Outblaze Limited. A strategic accomplice of Versus Systems, Animoca Brands is a world chief in digital leisure, gaming, and Web 3.0 functions.
Mr. Siu’s funding, via his firm Outblaze, displays his help for Versus’ progress technique and proprietary know-how because the Company additional expands its partnerships and merchandise into promoting, streaming media, and Web 3.0.
The non-public placement transaction between Mr. Siu and Versus was confirmed on September 30, 2022 and closed on October 6, 2022. Per the phrases of the settlement, Mr. Siu bought 6,184,382 shares on the September 29, 2022, market shut worth of $0.181 per share, for a complete USD $1,119,373.14. The transaction was accomplished on the at-then-market worth, with no reductions and no warrants. Upon the issuance of the shares related to this transaction, Outblaze turned a 19.9% shareholder in Versus. Details of the deal have been filed with the SEC in a Form 6-Okay on October 6, 2022.
“Yat Siu is a visionary and strong advocate for revolutionizing audience engagement with interactivity and rewards-based media,” stated Matthew Pierce, Founder and CEO of Versus Systems. “As a leader at the forefront of digital collectables, gaming, and Web 3.0, Yat is committed to transforming the way we engage with media content.”
“Versus is now well-positioned to help shape the trends of interactivity and rewards in digital media,” added Yat Siu, Executive Chairman of Animoca Brands. “It is making exciting changes to monetize fan experiences and advertising both in-venue and online and I look forward to the growth of its new product suite.”
About Versus Systems
Versus Systems Inc. is an engagement and rewards firm that makes dwell occasions, video games, reveals, and apps extra enjoyable to observe and play. Versus provides interactive video games, polling, trivia, predictive components, and different win circumstances to current leisure – whether or not in-venue or on-line – making the content material extra contextual, private, and rewarding. Versus works with world class sports activities groups, leagues, venues, leisure corporations, and different content material creators to make partaking, rewarding experiences for followers everywhere in the world. For extra info, please go to www.versussystems.com or go to the official Versus Systems YouTube channel.
Investor Contact:
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