Versus Systems Inc. (VS) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
VS currently has 4.9M outstanding shares. with moderate dilution risk from 1.66M authorized shares representing 33.8% potential dilution. The company has significantly diluted shareholders by 95.6% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 14, 2025 |
10-Q filing | 4.9M shares outstanding |
4.9M | 1.7M |
| May 15, 2025 |
10-Q filing | 4.9M shares outstanding |
4.9M | 1.7M |
| Mar 31, 2025 |
10-K filing | 4.9M shares outstanding |
4.9M | 1.7M |
| Jan 08, 2025 |
8-K filing: Versus Systems, Inc. completed the sale and issuance of 2,155,172 shares of common stock and warrants to purchase an additional 1,077,586 shares upon the conversion of a $2.5 million promissory note, regaining compliance with Nasdaq's stockholders' equity requirement. ($2.5M proceeds) |
2.5M | 1.7M |
| Nov 15, 2024 |
POS AM filing: This POS AM filing from 2024-11-15 discusses the issuance of common stock through a registered direct offering and the exercise of warrants. |
2.5M | 1.7M |
| Nov 14, 2024 |
10-Q filing | 2.5M shares outstanding |
2.5M | 1.7M |
| Nov 12, 2024 |
POS AM filing: This POS AM filing describes the issuance of common shares through registered direct offerings, warrant exercises, and a private placement, as well as the potential grant of incentive stock options. |
2.5M | 1.7M |
| Nov 08, 2024 |
POS AM filing: This is a POS AM filing which discusses the issuance of shares for stock options, warrants, registered direct offerings, and a private placement. |
2.5M | 1.7M |
| Oct 22, 2024 |
8-K filing: Versus Systems Inc. issued 240,490 common shares upon the exercise of 2023 Common Warrants, resulting in proceeds of $885,003.20. ($0.89M proceeds) |
2.5M | 1.7M |
| Oct 15, 2024 |
8-K filing: Versus Systems Inc. entered into a Technology License and Software Development Agreement and a Business Funding Agreement with ASPIS Cyber Technologies, Inc., providing for a $2,500,000 investment in the Company. ($2.5M proceeds) |
2.5M | 1.7M |
| Aug 14, 2024 |
10-Q filing | 2.5M shares outstanding |
2.5M | 1.7M |
| May 15, 2024 |
10-Q filing | 2.5M shares outstanding |
2.5M | 1.7M |
| Apr 01, 2024 |
10-K filing | 2.5M shares outstanding |
2.5M | 1.7M |
| Dec 29, 2023 |
Stock Split
8-K filing: Stock split 1-to-16 | Outstanding: 4,172,171 → 2,506,015 |
2.5M | 1.7M |
| May 09, 2023 |
F-1 filing: This is an F-1 filing indicating a shelf registration. |
4.2M | 26M |
| Mar 29, 2023 |
20-F filing | 4.2M shares outstanding |
4.2M | 26M |
| Oct 17, 2022 |
F-1 filing: This is an F-1 filing, which indicates a registration of securities for an offering. The inclusion of a check mark for delayed or continuous offering under Rule 415 suggests it is a shelf offering. |
25M | 26M |
| Aug 11, 2022 |
F-3 filing: This F-3 filing relates to the resale of common shares issuable upon the exercise of warrants held by a selling stockholder, acquired through a securities purchase agreement. |
25M | 26M |
| Apr 01, 2022 |
20-F filing | 15.6M shares outstanding |
16M | 20M |
| Mar 24, 2022 |
F-3 filing: Versus Systems Inc. may offer, issue and sell securities up to $25,000,000. |
20M | 20M |
| Feb 01, 2022 |
POS AM filing: POS AM filing with a price of $2.14 per unit. |
16M | 1.5M |
| Nov 30, 2021 |
F-1 filing: F-1 filing for registration of common shares with associated expenses. |
11M | 1.5M |
| May 28, 2021 |
POS AM filing: Versus Systems Inc. is offering 3,353,349 common shares issuable upon the exercise of outstanding warrants at an exercise price of $7.50 per share. |
11M | 1.5M |
| May 05, 2021 |
20-F filing | 10.7M shares outstanding |
11M | 1.5M |
| Feb 24, 2021 |
F-1 filing: This is an F-1 filing detailing a completed public offering of units, each containing one common share and warrants, alongside a private placement of warrants to the underwriter. It also mentions a reverse stock split. |
N/A | 1.5M |
| Nov 20, 2020 |
F-1 filing: This is an F-1 filing for a company offering units consisting of common shares and warrants, with an overallotment option for additional shares and/or warrants. The company intends to list its common shares and Unit A Warrants on the Nasdaq Capital Market. |
N/A | 0 |