- Victory Square (VST) has agreed to sell intellectual property assets related to a development stage VPN platform to Cloud Nine Web3 Technologies
- Victory Square received 4,411,765 common shares of Cloud Nine at a deemed issue price of $1.36 per common share for a sale price of C$6,000,000
- Victory Square (VST) builds, acquires and invests in promising startups
- Victory Square Technologies (VST) is up 2.56 per cent, trading at C$0.80 per share at 10:30 am ET
Victory Square Technologies has sold intellectual property assets related to a development stage VPN platform to Cloud Nine Web3 Technologies Inc.
“We’ve spent the last 6 years connecting with and investing in some of the brightest and disruptive minds in the Technology space; quietly building up a stockpile of applications and IP while waiting for an inflection point to start unleashing these applications to market,” said Victory Square CEO Shafin Diamond Tejani.
“This $6 million sale of IP points to the extensive depth of the Victory Square portfolio and our ability to monetize and provide value to our shareholders.”
Victory Square received 4,411,765 common shares of Cloud Nine at a deemed issue price of $1.36 per common share for a sale price of C$6,000,000. The common shares are subject to a restricted period of four months and one day.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.
Victory Square Technologies (VST) is up 2.56 per cent, trading at C$0.80 per share at 10:30 am ET.
