VSQTF Company Overview
Victory Square Technologies Inc (VST) is a Canada-based company with more than 20 portfolio companies focused on emerging technologies such as: Blockchain, Machine Learning, Artificial Intelligence and Virtual Reality (VR), Augmented Reality (AR). It has an established process for identifying and investing in start-up companies, which are working on projects in every sector of the global economy, including Finance, Health, Real Estate, Insurance, Entertainment and Education. The Company uses resources to help grow and scale these portfolio companies, which results in returns for the Company and its shareholders.
Company Contact
Headquarters
Suite 1080 - 789 West Pender Street
Vancouver V6C 1H2
CAN.
Invested 5/21/2020
@ 0.06799
*Spinoff shares received 8/26/2021
Added to investment 3/27/2023
@0.0954
*Victory Square Technologies Portfolio Company Turnium Technology Group Announces Onboarding of its SD-WAN Edge Solution to IBM Cloud for Telecommunications
8:30 AM ET 8/25/21 | GlobeNewswire
*Victory Square Technologies Declares a Special Common Share Dividend of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
9:20 AM ET 5/19/21 | GlobeNewswire
Victory Square Technologies Declares a Special Common Share Dividend of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
-- Victory Square to dividend out 12.4% of its holdings in GameOn
Entertainment Technologies Inc. to its shareholders.
-- Victory Square shareholders of record as of the close of business on
Friday May 21, 2021 will be entitled to receive the Dividend.
-- GameOn has filed its final prospectus with the British Columbia
Securities Commission and received CSE conditional listing approval.
-- The Company has also approved a strategic dividend reward initiative for
portfolio company, Fantasy 360 Technologies Inc. dba Immersive Tech.
Further details regarding this reward are forthcoming.
VANCOUVER, British Columbia, May 19, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square" or "VST") (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that it has declared a special dividend on its common shares (the "Dividend"). The Dividend represents approximately 12.4% of Victory Square's holdings in GameOn Entertainment Technologies Inc. ("GameOn"). GameOn recently received conditional approval for listing on the Canadian Securities Exchange ("CSE") and is expected to commence trading in early June, subject to satisfying the remaining conditions for listing of Canadian Securities Exchange (CSE) and is proposed to be listed under the symbol (CSE:GET). For more information regarding GameOn, please refer to its final prospectus filed on May 14, 2021, which is available at www.sedar.com.
The Dividend will consist of approximately 2,000,000 common shares of GameOn. Victory Square shareholders of record as of the close of business on May 21, 2021, will be entitled to receive the Dividend at a rate of 20.74989 GameOn shares for each 1,000 Victory Square shares held (approximately 48 to 1 ratio). The Dividend ratio is based on 96,386,043 Victory Square shares outstanding as of the date hereof. No fractional GameOn shares will be issued as part of the Dividend. The shares of Victory Square will commence trading on an ex-dividend basis on May 20, 2021. The Dividend will be payable on Thursday May 27, 2021.
In conjunction with the Company's long-term strategy to maximize shareholder value, the board of directors of the Company has also approved a strategic dividend reward initiative to unlock the intrinsic value of its other portfolio company, Fantasy 360 Technologies Inc. dba Immersive Tech by proposing a distribution of a portion of the common shares of that company currently held by VST to shareholders of the Company. Further details about this transaction proposal will be announced by the company.
*Victory Square Technologies Portfolio Company Gets FDA Permission to Manufacture and Market Safetest Covid-19 Antibody Test
Dow Jones 8/25/20 3:01 AM ET
Victory Square Technologies Reports Record Net Income in First Quarter 2020
4:01 AM ET 6/3/20 | Dow Jones
Victory Square Technologies Reports Record Net Income in First Quarter 2020
Net income increased to $3,291,567 and Earnings per share increased to $0.05
Outlook:
We have always taken a long-term investment approach, preparing for an economic shift well in advance of COVID-19 by ensuring adequate cash on hand while scrupulously vetting our companies for profitability and growth potential. Although the current conditions are challenging, we are well positioned to not only endure the downturn ahead but to emerge from it stronger than ever.
Looking ahead, the crisis is sure to spur continued innovation, as businesses and entire sectors reorient and new market demands continue to emerge. I realize that not all sectors will thrive during the downturn, and many businesses are facing stark choices right now. For me, it is critical to be respectful of those challenges, while also acknowledging the opportunities for Victory Square and our portfolio companies. Downturns offer openings to make strategic acquisitions at a significant discount, enabling us to expand influence in key sectors. The talent market has shifted and senior team members can now be added to our existing rosters. Debt and financing are in high demand among companies with limited capital reserves, opening up new revenue streams. As Warren Buffett has noted, "Cash combined with courage in a time of crisis is priceless." We are positioned to take advantage of all of these trends, enabling us to grow our portfolio companies and add value in the months and years ahead. While much remains uncertain at the moment, one thing is clear: the pandemic will pass and we will collectively emerge stronger from it. As a society, we have been tested before, through wars, health and humanitarian challenges and economic setbacks. In each instance, these trials unleashed unprecedented innovation and growth. Although it might be difficult to see now, this crisis will be no different. Businesses which are able to channel their resources and remain and take an offensive approach will emerge far stronger, as we've seen so many times in the past. It is no coincidence that some of the most dominant technology companies today, including Netflix and Amazon, counted the Great Recession as an inflection point. They were able to seize new ground, gaining customers and improving technologies, as legacy players stumbled. And they never looked back.
The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas and capital. Going forward -- armed with access to a $10,000,000 convertible note -- we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.
Ultimately, Victory Square's team is committed to building a new breed of companies set to become this decade's next technology giants.
Check out VictorySquare.com and sign up to VST's official newsletter at www.VictorySquare.com/newsletter.
On behalf of the board,
Shafin Diamond Tejani
Chief Executive Officer
Victory Square Technologies
For further information about the Company, please contact:
Investor Relations Contact -- Alex Tzilios
Email: alexandros@victorysquare.com
Telephone: 778-867-0482
Media Relations Contact -- Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.
VST's sweet spot is the cutting-edge tech that's shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't just another investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best -- build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.