Victory Square Stock Price, News & Analysis

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.

Victory Square Technologies Inc. (CSE:VST, OTCQX:VSQTF) has announced its collaboration with The Holt Xchange to host a Fintech pitch battle on May 17, 2022. The event aims to spotlight five early-stage fintech startups who will present their business ideas to investors and advisors, featuring live voting and a Q&A session. CEO Shafin Diamond Tejani expressed excitement about supporting innovative companies from Vancouver's fintech ecosystem. The pitch battle will take place at Victory Square HQ, and registration is open for both participants and general admission.

Victory Square Technologies (OTCQX: VSQTF) announces a partnership with The DRIPBaR, allowing the franchise to access Victory Square Digital Health’s platform across its 19 locations and 430 franchises in 27 states. This partnership aims to enhance the digital health experience for clients utilizing intravenous therapies. The agreement includes a 5-year term with an annual licensing fee and revenue sharing model. Both companies anticipate significant benefits from this collaboration, supporting The DRIPBaR's growth and expanding its health service reach.

Victory Square Technologies has announced a new venture with its subsidiary, VS Digital Health Inc., that launched a white-label digital health platform. This platform targets a diverse range of health service providers through a B2B subscription model. The service is designed to optimize patient access to healthcare, offering features like online booking, digital consultations, and an integrated virtual pharmacy. With a vast market potential, encompassing approximately 5 million registered nurses in the U.S. alone, VSDH aims to bridge the gap between healthcare providers and patients efficiently.

Victory Square Technologies provided a corporate update reflecting on 2021 and its outlook for 2022. In 2021, the company showcased a robust balance sheet, acquiring significant assets and making share repurchases. Key financial highlights include issuing three dividends worth approximately $39.65 per 1,000 shares and successful spin-offs of companies like GameOn Entertainment. For 2022, Victory Square aims to focus on further spin-offs, investments in Web3, digital health, and climate tech while ensuring a healthy share price despite recent declines.

Victory Square Technologies (OTC: VSQTF) released a corporate update highlighting its renewable energy subsidiary, Stardust Solar. Founded in 2017, Stardust has trained over 2,000 professionals across North America in solar energy installation. The company has recently acquired the Canadian Solar Institute and aims to add 20 new franchisees this year, including expansion into the USA. Notably, Stardust received the Consumer Choice Award for "Best Solar Energy Company" in Vancouver and is preparing for a public listing in 2022.

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.