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VICTORY SQUARE TECH ORD - VSQTF STOCK NEWS

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Victory Square Technologies Inc. (VSQTF) is a Venture Builder that provides investors with a unique opportunity to invest in early-stage technology companies. The company's business model involves buying, building, and investing in tech startups, spending up to 48 months with each company to ensure they are ready for success.

With a portfolio of 25+ global companies, Victory Square focuses on cutting-edge technologies like AI, VR/AR, and blockchain to disrupt various sectors such as fintech, insurance, health, and gaming. The company integrates a strong ESG component throughout its operations, highlighting minority entrepreneurs and giving back to the community.

Investors can access Victory Square's portfolio through a liquid and transparent investment option, offering a way to diversify into early-stage ventures without the need for accredited investor status or long-term commitments.

For startups, Victory Square provides senior leadership and resources for fast-track growth, pairing them with talent in product, engineering, customer acquisition, and more. The company's goal is to see startups scale within 24-36 months and achieve monetization.

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Victory Square Technologies reported significant growth in its 2020 financials, with net income soaring to $19,733,031 from a loss of $8,917,573 year-over-year, an increase of $28,650,604. Earnings per share rose to $0.30, up from a loss of $0.10. The company ended the year with a strong balance sheet, holding $4,551,751 in cash and cash equivalents. This news release also serves to correct the filing date of previous documents related to the company’s audited annual consolidated financial statements for 2020, filed on April 30, 2021.

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Victory Square Technologies reported a significant turnaround in its financial performance for the year ending December 31, 2020. Net income surged to $19.73 million from a loss of $8.92 million in the prior year, marking a positive change of $28.65 million. Additionally, earnings per share improved to $0.30 from a loss of $0.10. The company ended the year with a solid cash position of $4.55 million. These results indicate a robust recovery and growth trajectory for Victory Square.

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Victory Square Technologies (CSE:VST, OTC:VSQTF) has signed a binding letter of intent to invest in Stardust Solar, a leader in renewable energy education and installation in Canada and the US. Stardust, founded in 2017, offers CSA/NABCEP accredited training and a solar PV installation franchise model. They have a network of over 2000 trained professionals and have recently acquired the Canadian Solar Institute. The investment aligns with Victory Square's focus on sustainability and innovation. Details will be disclosed post-investment completion, which is subject to due diligence and definitive agreements.

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Victory Square Technologies (CSE: VST, OTC: VSQTF) announced its participation in the virtual H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. The company, which focuses on next-gen internet sectors like fintech and blockchain, will be represented by CEO Shafin Diamond Tejani and Chief Growth Officer Vahid Shababi. They will provide insights into the company’s innovative portfolio. Additionally, Victory Square will present at the Planet MicroCap Showcase on April 22, 2021, and has engaged Clarkham Capital for investor awareness campaigns.

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Victory Square Technologies has announced a partnership between its portfolio companies, Next Decentrum and Cloud Nine Web3, to launch NFT products and managed services. The initiative aims to turn NFTs into a dependable revenue stream for artists and content creators. Additionally, the companies plan to introduce educational products focused on NFTs and blockchain opportunities worldwide. This strategic move comes amidst notable growth in the NFT market, which sold over $216 million in the last month, representing nearly half of total NFT sales, amid a global art market valued at over $67 billion.

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Victory Square Technologies will present at the Planet MicroCap Showcase: VIRTUAL on April 22, 2021, at 2:30 PM EST. CEO Shafin Diamond Tejani and CGO Vahid Shababi will lead the presentation and engage in Q&A with investors. Those interested can access the live presentation through the provided webcast link. Additionally, management will participate in private one-on-one meetings during the event, which runs from April 21-22, 2021. For access to all presentations and further event details, registration is required.

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Victory Square Technologies Inc. (CSE:VST) announced its portfolio company, Immersive Tech, has signed a letter of intent with Autobahn Indoor Speedway for its VR attraction "UNCONTAINED." This initial agreement includes one unit, with an option for up to ten additional units across Autobahn's locations in the USA. The "UNCONTAINED" attraction offers a multi-sensory, immersive experience for up to six players, featuring various physical effects in a cost-effective VR package.

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Victory Square Technologies announced a strategic partnership between its portfolio companies, IV Hydreight and Victory Square Health, to expand Telehealth services in Brazil. This initiative responds to the increasing demand for safe healthcare options, especially during the pandemic. Their offerings will include on-demand physicians, cosmetic procedures, in-home consultations, and COVID-19 testing, subject to necessary approvals. The partnership positions both companies to capture significant market opportunities in the emerging digital health space in Brazil, benefiting from VSH's personalized medicine solutions.

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Victory Square Technologies has appointed three industry veterans to the advisory board of its portfolio company, Immersive Tech. The newly appointed advisors include Kevin Williams, a Disney Imagineer with a focus on out-of-home entertainment; Cathy Hackl, a leading voice in technology and the metaverse; and Lance Priebe, co-founder of Club Penguin. Their expertise aims to enhance Immersive's VR offerings, particularly its flagship project, UNCONTAINED, while positioning the company strategically within the entertainment landscape.

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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.

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FAQ

What is the current stock price of VICTORY SQUARE TECH ORD (VSQTF)?

The current stock price of VICTORY SQUARE TECH ORD (VSQTF) is $0.163 as of December 20, 2024.

What is the market cap of VICTORY SQUARE TECH ORD (VSQTF)?

The market cap of VICTORY SQUARE TECH ORD (VSQTF) is approximately 11.4M.

What is Victory Square Technologies' business model?

Victory Square is a Venture Builder that buys, builds, and invests in early-stage technology companies, spending up to 48 months with each company to ensure they are ready for success.

How does Victory Square help startups?

Victory Square provides startups with senior leadership and resources for fast-track growth, pairing them with talent in product, engineering, customer acquisition, and more.

What kind of technologies does Victory Square focus on?

Victory Square focuses on cutting-edge technologies like AI, VR/AR, and blockchain to disrupt sectors such as fintech, insurance, health, and gaming.

How can investors access Victory Square's portfolio?

Investors can access Victory Square's portfolio through a liquid and transparent investment option, offering a way to diversify into early-stage ventures without the need for accredited investor status or long-term commitments.

What sets Victory Square apart for investors?

Victory Square provides a uniquely liquid and transparent way for investors to access the latest technologies and emerging global trends, allowing for diversification into early-stage venture.

How does Victory Square give back to the community?

Victory Square integrates a strong ESG (environmental, social, and corporate governance) component throughout its operations, highlighting minority entrepreneurs and giving back to the communities in which it serves.

What is the goal for startups working with Victory Square?

Victory Square aims to see startups scale within 24-36 months and achieve monetization, providing a solid foundation for long-term success.

VICTORY SQUARE TECH ORD

OTC:VSQTF

VSQTF Rankings

VSQTF Stock Data

11.36M
84.60M
13.61%
Asset Management
Financial Services
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