Victory Square Technologies is incubating the next generation of technology companies
- Victory Square Technologies says portfolio company, Fantasy 360 Technologies Inc. receives final approval for listing from the Canadian Securities Exchange
- Victory Square Technologies company Fantasy 360 Technologies dba as Immersive Tech lists on CSE
Quick facts: Victory Square Technologies Inc
Price: 0.45 CAD
Market Cap: $43.82 m
About the company
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.
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.
How it is doing
Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF). has announced that its portfolio company, Fantasy 360 Technologies Inc. d/b/a Immersive Tech has received final approval for listing from the Canadian Securities Exchange.
The common shares of Immersive Tech will commence trading on the CSE under the symbol VRAR on September 8, 2021.
In a statement, Shafin Diamond Tejani, CEO of Victory Square said: “The successful public listing is great news for Immersive, and Victory Square shareholders. During the past 36 months, Immersive has achieved significant milestones in terms of growth, product development and customer acquisition. And, our team will continue to work closely to help them successfully build, develop and grow with the objective of creating long-term value for Victory Squ re shareholders.”
Tim Bieber, Immersive Tech CEO added: “We are thrilled to take our vision to the next stage together with our team, investors and shareholders. With our track record in making amazing experiences and never before-seen innovations in virtual reality entertainment, UNCONTAINED is a big first step for us—but certainly won’t be the last. I look forward to sharing more in the coming weeks."
Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) posted its sixth consecutive quarter of profits, with an adjusted net income of just over $2.2 million from its portfolio of early-stage technology companies.
During the second quarter ended June 30, 2021, the technology incubator reported net income from operations of C$1.1 million, which adjusted for non-cash costs for share-based payments and non-controlling interest for the period came to a total of $2,222,180 or $0.02 per share.
Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) said that its portfolio company Turnium Technology Group Inc (TTGI) is collaborating with IBM to onboard its cloud-native SD-WAN edge solution to IBM Cloud for Telecommunications.
The company said Turnium’s solution is designed to help connect customers, applications and devices by creating a new cloud extension service that helps to interconnect their offices, vehicles, and devices sites with IBM Cloud in a single private international network.
What management says
Victory Square Technologies portfolio company Fantasy 360 Technologies which does business as Immersive Tech is trading on the Canadian Securities Exchange with the ticker VRAR.
Bieber telling Proactive more about the company escape room experience company and why they decided to go public. Bieber also talked about how VR fits in with the company and how they plan to grow the company.
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