Welcome to our dedicated page for Victory Square news (Ticker: VSQTF), a resource for investors and traders seeking the latest updates and insights on Victory Square stock.
Victory Square Technologies Inc. (VSQTF) delivers cutting-edge innovation through its global portfolio of early-stage technology companies. This news hub provides investors with timely updates on strategic developments across digital health, artificial intelligence, blockchain solutions, and immersive technologies.
Access official press releases and curated analysis covering key operational milestones, including portfolio company advancements, strategic partnerships, and financial performance updates. Our comprehensive tracking ensures you stay informed about VSQTF's unique venture-building model that identifies, nurtures, and spins out disruptive tech enterprises.
Discover critical updates organized by focus area: emerging technology breakthroughs, investment portfolio expansions, and leadership initiatives shaping the Fourth Industrial Revolution. Bookmark this page for continuous access to verified information from a publicly traded leader in tech venture development.
Victory Square Technologies' portfolio company, Immersive Tech, has partnered with magician Chris Ramsay to create an exclusive immersive experience for his social media channels, which have 6.4 million followers. This collaboration aligns with the launch of Immersive's 'UNCONTAINED,' the world's first COVID-safe virtual reality entertainment division. Immersive Tech is also preparing for a public listing in Q2 2021, focusing on expanding its innovative offerings in the AR/VR sector, particularly with the dynamic 'UNCONTAINED' experience.
Victory Square Technologies (CSE:VST, OTC:VSQTF) shares a shareholder update from CEO Shafin Diamond Tejani, outlining a strategy focused on future-forward investments despite recent challenges. The company plans to invest up to $5,000,000 in ventures such as EV solutions and digital assets management. Key highlights include a completed acquisition of IV Hydreight, oversubscribed funding rounds for GameOn and FansUnite, and a strong fiscal performance with a net income of $13,617,124 for the nine-month period ending September 30, 2020. The company aims to lead in emerging sectors like climate tech and genomics.
Victory Square Technologies Inc. (OTC:VSQTF) announces the appointment of Liz Schimel to the Board of GameOn Entertainment Technologies. Schimel, a seasoned digital and media expert, previously led business at Apple News+ and held key positions at Condé Nast and Comcast. GameOn recently completed a $5.8M oversubscribed private placement and will be trading under the symbol GET on the Canadian Securities Exchange in March/April 2021. This strategic addition is expected to enhance GameOn's capabilities in providing interactive viewing experiences for consumers.
Victory Square Technologies (CSE:VST, OTC:VSQTF) announced its intent to invest up to $5,000,000 in various ventures, including EV solutions and renewable energy. The company completed the acquisition of IV Hydreight, a mobile health service provider, and reported a net income of $13,617,124 for the nine-month period ending September 30, 2020. Additionally, GameOn successfully finished a $5,800,000 financing round, and FansUnite closed a $13,000,000 financing. The company plans to release its 2020 financial results by April 30, 2021.
Victory Square Technologies Inc. (CSE:VST, OTC:VSQTF) announced the conclusion of an asset purchase agreement to sell specific intellectual property assets to Cloud Nine Web3 Technologies Inc. for $6 million. Victory Square received 4,411,765 shares of Cloud Nine at a deemed price of $1.36 per share, valued at approximately $7.9 million based on the market price on March 15, 2021. Additionally, the company realized a gain of $1.5 million from exercising warrants in Argo Blockchain PLC. Victory Square retains the right to distribute dividends on the shares received.
Victory Square Technologies has approved a strategic initiative to distribute a portion of its shares in GameOn Entertainment Technologies as a dividend to its shareholders. This initiative aims to reward shareholders and unlock the intrinsic value of GameOn, which is preparing for a public listing. CEO Shafin Diamond Tejani expressed confidence in providing more share dividend initiatives as the company grows. The distribution mechanism will be evaluated for tax efficiency and financial prudence, with complete details provided upon GameOn's listing.
Victory Square Technologies announced the addition of sports industry veterans Tim Cahill, Boris Gartner, and Shauna Griffiths as Advisors to its portfolio company, GameOn Entertainment Technologies. Cahill, a renowned athlete and ambassador, expressed excitement about enhancing fan engagement through GameOn’s platform. Gartner's role as CEO of LaLiga North America and Griffiths' marketing expertise brings valuable experience to the team. Additionally, the company granted 150,000 stock options at $1.20 per share, further supporting its growth strategy.
On February 17, 2021, Bill C-218, known as The Safe and Regulated Sports Betting Act, was passed in the House of Commons, marking a significant step towards legalizing single-event sports wagering in Canada. This legislation, supported by a nearly unanimous vote, allows for potential revenues estimated between $5 billion to $7 billion annually in the country. GameOn Entertainment Technologies, part of Victory Square Technologies (OTC: VSQTF), aims to capitalize on this opportunity, expecting to license and joint venture across Canada's provinces and territories.
Victory Square Technologies (OTC:VSQTF) has signed a letter of intent to sell intellectual property assets to Cloud Nine Education Group for $6 million. The deal includes several blockchain-related products, such as a desktop crypto miner and a crypto wallet. The transaction involves 4,411,765 common shares of Cloud Nine at a price of $1.36 each. Closing is projected for February 26, 2021, pending legal and due diligence compliance. CEO Shafin Diamond Tejani emphasized the strategic intent to leverage growth opportunities in the blockchain sector.
Victory Square Technologies Inc. announced the appointment of Mike Vorhaus, Sean Hurley, and Sabrina Carrozza as Advisors for its portfolio company, GameOn Entertainment Technologies. Vorhaus brings decades of experience in startup investments, highlighting successful exits such as Digene's $1.6 billion sale. Hurley, a former Head of Sportsbook at DraftKings, and Carrozza, founder of a consultancy with over 20 years in sports and media, add valuable expertise. GameOn, founded in 2018, provides gamification solutions for sports and entertainment and aims to revolutionize engagement through technology.
