versus systems inc shares were down 40 at 110 after the company said it has entered into a direct offering with institutional investors for the purchase and sale of 25 million common shares at 90 cents a share the closing of the offering is expected to occur on or about monday the proceeds to the company from this offering are expected to be 225 million before deducting the placement agents fees and other offering expenses the company intends to use the proceeds from the offering for working capital and general corporate purposes versus systems shares closed wednesdays session up 172 after it said it was partnering with automated debt collection and artificial intelligence company resolve debt inc to bring gaming and interactive elements to resolves existing aipowered credit and debtmanagement products and customers the stock is still down 97 in the past 12 months