Business
Victory Square Technologies Provides Corporate Update as at December 9, 2021
Victory Square Technologies Provides Corporate Update as at December 9, 2021.
About this update from Fansunite Entertainment Inc.
[{"type":"text","content":"\n VANCOUVER, British Columbia, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation technology companies in key sectors including: Web 3.0, Blockchain, Gaming, the Creator Economy, NFTs and the Metaverse, is pleased to provide a corporate update from September 1, 2021 through to December 9, 2021. “We are living in the midst of the 4th Industrial Revolution; The Tech Revolution that will undoubtedly change everything as we know it.” said Shafin Diamond Tejani. “Web 3.0, Blockchain, Gaming, VR/AR, the Creator Economy, Digital Health and Climate Tech are all sectors that Victory Square has invested in.  We offer investors the chance to invest in the most exciting tech trends all in one place with a uniquely liquid, audited and secure way to gain access to these latest innovative technologies.\" Company Investment Overview Victory Square is a global technology accelerator with a diverse combined portfolio of subsidiaries and investments of 25+ next generation technology companies in key sectors including: Web 3.0, Blockchain, Gaming, the Creator Economy, NFTs, the Metaverse, Renewables, and Digital HealthHigh quality deal flow is generated via established relationships with over 80 incubators around the worldVictory Square is focused on companies with technology that it believes will have asymmetrical returns in the near to medium term future, with anchor companies that are led by strong boards and management teamsHealthy Balance Sheet - Significant assets and strong working capital positionThe Company aims to reward shareholders by issuing special share dividends of its portfolio companies when such companies undergo a liquidity event. The Company has issued two special common share dividends to date in 2021, with a third dividend expected to be issued by December 30th, 2021In 2020, Victory Square spun out its portfolio company, Fansunite Entertainment Inc. (CSE:FANS). This year to date, there have been 2 spin-outs by way of public listings: GameOn Entertainment Technologies Inc. (CSE:GET) and Fantasy 360 Technologies Inc. dba Immersive Technologies (CSE:VRAR).  Portfolio Portfolio CompaniesVerticalFansunite Entertai...