VICTORY SQUARE TECH ORD - VSQTF STOCK NEWS

Victory Square Technologies (CSE: VST, OTC: VSQTF) reported a strong Q2 2022 with a Net Asset Value (NAV) of $89,704,469 as of June 30, 2022. The company secured $2 million in strategic non-dilutive capital and highlighted significant growth in portfolio companies, notably a 518% increase in Hydreight's year-over-year business partner sign-ups. CEO Shafin Diamond Tejani expressed optimism for continued growth despite market volatility. Portfolio companies include IV Hydreight, Creator.co, and GameOn.

Victory Square Technologies (CSE:VST, OTC:VSQTF) has launched The DRIPBaR digital health platform, now available on the Apple App Store and Google Play Store. This initiative supports The DRIPBaR's expansion, which includes 28 active locations and nearly 430 franchises across 27 states. The platform enhances patient experiences through mobile services and online pharmacy access. The DRIPBaAR was recognized in the Entrepreneur Top 500 List for 2022. Victory Square's strategy aims to redefine health services, leveraging technology to enhance wellness.

Victory Square Technologies (OTC:VSQTF) reported an unaudited Net Asset Value (NAV) of approximately $89.7 million as of June 30, 2022. The company highlighted significant portfolio companies like IV Hydreight and Creator.co, emphasizing their growth and market impact. CEO Shafin Diamond Tejani expressed gratitude to shareholders and reiterated a commitment to shareholder value despite challenging market conditions. The next investor Q&A webinar is scheduled for July 28, 2022, providing an opportunity for deeper engagement with shareholders.

Victory Square Technologies reported a significant increase in its Net Asset Value (NAV) for Q1 2022, reaching $99,861,912 compared to $65,503,828 in Q1 2021. The company's cash and cash equivalents at the end of the quarter stood at $2,188,209. CEO Shafin Diamond Tejani highlighted the company's resilience amid market declines, emphasizing growth in its subsidiary Hydreight and a focus on enhancing portfolio value. Victory Square's strategy encompasses investments in tech sectors pivotal for the 4th Industrial Revolution.

Victory Square Technologies reported a significant increase in its Net Asset Value (NAV) for 2021, rising to $102,269,229 from $51,258,000 in 2020. The company continues to face volatility and uncertainty in the markets, yet remains optimistic due to growth in its portfolio companies. Key financial highlights include $4,376,374 in cash, a share buyback of 562,000 shares, and three common share dividends with a market value of approximately $39.65 per 1,000 shares. The firm has completed significant acquisitions and successful exits, positioning itself for future growth.

Victory Square Technologies announced a management cease trade order (MCTO) due to delays in filing its annual financial statements. The MCTO, issued on May 4, restricts CEO and CFO from trading until filings are completed. The interim financial statements for Q1 2022 are also delayed, pending the annual filings. The company aims to file the annual statements by June 3, 2022, and interim statements by June 6, 2022. The company reaffirms its commitment to comply with regulations during this period of default.

Victory Square Technologies has issued a bi-weekly default status report following a management cease trade order (MCTO) for non-filing of its annual financial statements by the deadline of May 2, 2022. The MCTO, effective from May 4, 2022, restricts key executives from trading until the filed documents are approved, although other shareholders remain unaffected. The company anticipates filing these documents by May 20, 2022, and confirms no material changes since its initial announcement. Victory Square continues to comply with alternative information guidelines under NP 12-203.

Victory Square Technologies has been granted a management cease trade order (MCTO) by the British Columbia Securities Commission due to a delay in filing its annual financial statements for the fiscal year ended December 31, 2021. The MCTO restricts trading by executives until the filings are complete. The Company, however, reports no specific accounting concerns and expects to file by May 17, 2022. It will adhere to alternative information guidelines including issuing bi-weekly default status reports while in default. Other shareholders are not impacted by the trading restrictions.

Victory Square Technologies (CSE:VST, OTC:VSQTF) announced delays in its annual financial statements for the fiscal year ending December 31, 2021, due to complex valuation processes related to an acquisition. The filings, which were expected by May 2, 2022, are now anticipated by May 17, 2022. In response, the company has applied for a management cease trade order (MCTO), prohibiting its CEO and CFO from trading shares during the audit process. While the public may still trade shares, the company must issue bi-weekly updates until compliance.