Victory Square Stock Price, News & Analysis

Victory Square Technologies (CSE: VST, OTC: VSQTF) has distributed approximately 4,500,000 common shares in Fantasy 360 Technologies Inc. to its shareholders as part of the second tranche of a special dividend. This dividend was issued to shareholders of record as of December 17, 2021, and completed on December 30, 2021. Previously, 4,500,000 shares were dividended earlier in 2021. Following this dividend, Victory Square retains about 53,088,520 Immersive shares, accounting for 69.81% of the total issued shares, reinforcing its strategy to provide returns on investments.

Victory Square Technologies (CSE:VST, OTC:VSQTF) announced participation in the Lytham Partners Winter 2021 Investor Conference from December 13-16, 2021. The company will host a webcasted Fireside Chat to discuss its vision for 2022 at 11:00am ET on December 13, available on their website and through a dedicated webcast link. Attendees can arrange 1x1 meetings with management via Lytham Partners. Victory Square focuses on investing in next-generation technology companies across sectors such as Web 3.0, Blockchain, and NFTs.

Victory Square Technologies Inc. (CSE:VST, OTC:VSQTF) provides a corporate update, highlighting its investment in over 25 tech companies across sectors like Web 3.0, Blockchain, and Digital Health. The company emphasizes its strong balance sheet and plans to reward shareholders with special dividends following liquidity events from portfolio companies. It has announced a second tranche of dividends and strategic partnerships aimed at enhancing market presence. Future goals include ramping up sales for digital health solutions and assisting portfolio companies with potential public listings.

Victory Square Technologies (CSE:VST, OTC:VSQTF) announced that its portfolio company, Next Decentrum Technologies, has partnered with DAF to launch NFT projects inspired by Egyptian culture, aiming to enhance global access to Egypt’s rich heritage. The NFT market has surged to $10.7 billion, reflecting increasing interest in digital collectibles. This collaboration will produce rare NFTs and engage top Egyptian artists and museums. The initiative seeks to capitalize on the growing interest in the metaverse and digital collectibles, potentially attracting a wide audience interested in Egyptian history.

Victory Square Technologies Inc. announces a strategic partnership with Polygon Studios, which will provide funding for 50% of GameOn Entertainment Technologies Inc.'s product development costs in the NFT space. The collaboration aims to leverage Polygon's technology for creating NFT-based games. This deal is non-dilutive for GameOn shareholders, enhancing their exposure to the growing crypto and NFT markets. Polygon, known for its Ethereum scaling solutions, has recently committed USD $100 million to support Web3 projects, showcasing its ongoing developments in the blockchain gaming sector.

Victory Square Technologies Inc. (CSE:VST, OTC:VSQTF) announces the launch of Crypto Pharaohs, a unique NFT collection by portfolio company Next Decentrum, inspired by ancient Egyptian culture. This limited collection features 7,006 unique collectibles, aiming to enhance the NFT experience for a wider audience. Collaborating with DAF, the project plans NFT drops along with unique rewards and experiences, with the first drop on January 7, 2022. Victory Square holds 18.32% of Next Decentrum, positioning it favorably as the NFT market expands, which has seen sales surpassing $10.6 billion.

Victory Square Technologies (CSE:VST, OTC:VSQTF) announced its Q3 2021 results, marking the seventh consecutive quarter with positive comprehensive income. The company achieved an adjusted net income of $2.36 million and an adjusted basic earnings per share of $0.03. Its working capital stands at $7.8 million, alongside a fair value gain of approximately $6 million on Covalent CQT tokens. Business highlights include share buy-backs, dividends for GameOn and Fantasy 360 Technologies, and significant portfolio company financings.

Victory Square Technologies Inc. (OTC:VSQTF) announced an investment in Creator.co, a Vancouver-based influencer marketing platform, through a share purchase agreement signed on October 13, 2021. The investment involves acquiring 1,052,941 common shares for C$1 million. Creator.co connects over 110,000 creators with brands to enhance marketing efforts. Funds will aid the development of a feature allowing creators to launch their digital currencies. The platform is recognized as a top influencer marketing platform, partnering with notable brands like Walmart and Crayola.

Victory Square Technologies Inc. (OTC:VSQTF) has expanded its partnership with GameOn Entertainment Technologies Inc. to include new free-to-play prediction games for soccer, tennis, and kabaddi on the MX Player app. This builds on their existing collaboration, which initially launched cricket prediction games. CEO Matt Bailey emphasized the enhanced fan engagement strategy as a key driver for this growth. The expanded offering coincides with major sporting events, including the T20 World Cup and FIFA World Cup, promising increased viewer interaction.