- Victory Square Technologies (VST) has issued the second tranche of its dividend of interest in Fantasy 360 Technologies
- The second tranche consisted of 4.5 million common shares, bringing the total dividend to 9 million shares
- The company now holds 53,088,520 shares in Immersive for a 69.81 per cent interest
- Fantasy 360 Technologies, or Immersive Tech, is building the physical metaverse through its location-based virtual reality platform
- Victory Square Technologies is a venture accelerator that incubates and finances best-in-class technology entrepreneurs
- Shares in Victory Square Technologies (VST) are down 3.03 per cent, trading at $0.32 per share
Victory Square Technologies (VST) has issued the second tranche of its dividend of interest in Fantasy 360 Technologies.
The second tranche, initially announced earlier this month, consisted of 4.5 million common shares in Victory Square’s portfolio company Fantasy 360 Technologies, also known as Immersive.
Combined with the first tranche of shares issued to shareholders earlier this year, Victory Square has now issued a total of 9 million shares to its shareholders.
Before completing this second dividend, Victory Square held 57,588,520 shares in Immersive, representing 75.72 per cent of Immersive’s issued and outstanding shares.
Now, the company holds 53,088,520 shares in Immersive for a 69.81 per cent interest in the portfolio company.
The management and directors of Victory Square believe that dividends such as this one provide investors with returns on their investments and is part of Victory Square’s corporate strategy.
Victory Square also Issued a special common share dividend of its portfolio company GameOn Entertainment Technologies Inc. (CSE:GET) earlier in the year.
Fantasy 360 Technologies, or Immersive Tech, is building the physical metaverse through its location-based virtual reality platform. The company builds experiences on its platforms for some of the world’s largest companies including Intel, Bayer, Capital One, Scotia Bank, and more.
With its hardware platform UNCONTAINED and its software platform Uncontained/OS, the company helps its stakeholders build user experiences unmatched in realism, depth, and immersion.
Victory Square Technologies is a venture accelerator that incubates and finances best-in-class technology entrepreneurs.
The company’s corporate portfolio consists of over 20 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health, and gaming.
Shares in Victory Square Technologies (VST) are down 3.03 per cent, trading at $0.32 per share as of 11:38 am EST.