Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
Market Information for Common Shares and Unit
A Warrants
Our common shares and Unit
A Warrants are presently quoted on Nasdaq, under the symbol “VS” and “VSSYW,” respectively. On March 26, 2025,
the closing price of our common shares on Nasdaq was $2.35 and the closing price of our Unit A Warrants on Nasdaq was $0.065.
Holders
As at December 31, 2024,
the registrar and transfer agent for our common shares reported that there were 4,901,677 common shares issued and outstanding. Of these, 94,374 were
registered to Canadian residents, including 45,235 common shares registered to CDS & Co., which is a nominee of the Canadian
Depository for Securities Limited. The 94,374 common shares were registered to 27 shareholders in Canada, one of which
is CDS & Co. 4,807,303 of our common shares were registered to residents of the U.S., including 1,673,138 common shares registered
to CEDE & Co., which is a nominee of Depository Trust Company. The 4,807,303 common shares were registered to 123 shareholders
in the U.S., one of which is CEDE & Co. 26,488 of our common shares, held by nine Shareholders, were registered to residents
of other foreign countries.
Dividends
We have not declared any common
share dividends to date. We have no present intention of paying any cash dividends on our common shares in the foreseeable future, as
we intend to use earnings, if any, to generate growth. The payment by us of dividends, if any, in the future, is within the discretion
of our board of directors and will depend upon, among other things, our earnings, capital requirements and financial condition, as well
as other relevant factors. There are no material restrictions in our articles that restrict us from declaring dividends.
Equity Compensation Plan Information
The following table provides
information as of December 31, 2024, regarding our compensation plans under which equity securities are authorized for issuance:
Plan category
Number of
Securities to
be
Issued Upon
Exercise of
Outstanding
Options,
Warrants and
Rights
Weighted-
Average
Exercise
Price of
Outstanding
Options,
Warrants and
Rights
Number of
Securities
Remaining
Available
for Future
Issuance
Under Equity
Compensation
Plans (Excluding
Securities
Reflected in
Column (a))
(a)
(b)
(c)
Equity compensation plans approved by security holders
2,555
$ 64.99
373,347
Equity compensation plans not approved by security holders
—
—
—
Total
2,555
$ 64.99
373,347
ITEM 6. RESERVED
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.