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) generates frequent news as a venture builder with a diversified portfolio of early-stage technology companies. Company updates often combine financial results with detailed commentary on portfolio performance, particularly in digital health, artificial intelligence, Web3, gaming, climate tech, and pet wellness.
News releases commonly cover quarterly and annual financial results, including adjusted revenue, GAAP revenue, gross margin, and adjusted EBITDA, along with management’s discussion of portfolio momentum and capital allocation. Investors can read about developments such as revenue growth, profitability trends, and the impact of monetizing specific assets.
Another major theme in Victory Square’s news flow is portfolio company progress. Regular updates highlight Hydreight Technologies’ expansion as a digital health platform, the evolution of the VSDHOne infrastructure, Insu Therapeutics’ work on oral insulin delivery, Pawsible Ventures’ pet health initiatives, XR Immersive Tech’s move into health-related IP, and SafeTest’s digital health activities in Brazil. The company also reports on transactions involving holdings like BlockX and performance milestones at GameOn.
Corporate actions and strategic initiatives are also featured. Victory Square has announced a Normal Course Issuer Bid to repurchase shares, described a $10 million digital health and longevity accelerator, and provided NAV-focused corporate updates and investor webinar details. For investors tracking VSQTF, this news page offers a consolidated view of how Victory Square’s portfolio and strategy evolve over time, including financial metrics, sector-specific developments, and capital recycling decisions.
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.
Victory Square Technologies announces the appointment of J Moses as Chairman of the Board for GameOn Entertainment Technologies, enhancing its leadership in gamification for sports and entertainment. Moses, a veteran with extensive experience in the gaming industry, has served at Take-Two Interactive and founded UGO Networks. The management team includes CEO Matt Bailey, and other advisors are expected to be named. GameOn aims to create interactive experiences across various media platforms, positioning itself for growth following recent asset acquisitions.
Victory Square Technologies has announced the acquisition of Hydreight, a mobile health and wellness service provider, under a binding share purchase agreement executed on January 29, 2021. The total purchase price for Hydreight is USD $1,600,000, with terms including share issuance and potential earn-out payments of up to $1,000,000 based on performance milestones. The acquisition aims to enhance Victory Square's telehealth offerings, targeting expansions across the USA and globally in Canada, Brazil, and Europe, leveraging Hydreight's proprietary telemedicine technology.
Victory Square Health has received CE marking approval from the EU competent authority of Belgium for its Safetest 15 Minute Rapid Test, enabling distribution throughout the European Union. This antibody test boasts a sensitivity rate of 96.6% and allows users to ascertain current or past Covid-19 infections within 15 minutes. As of October 17, 2020, the EU reported over 4.5 million Covid-19 cases. The approval, granted on October 16, 2020, complements previous certification for a proprietary Elisa test as of September 14, 2020, enhancing the company's market potential in a region with 446 million inhabitants.