Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF), which provides venture capital Investment access to a diverse portfolio of next-generation technology companies, has issued a corporate update, notably, showing the company’s net asset value (NAV) as of June 30, 2022, was roughly $89,704,469.
The figure was issued based on Victory Square’s established practice of releasing NAV as part of its ongoing response to shareholder interest in receiving periodic information. NAV is calculated based on the latest audited valuations, third-party pricing agency valuations as well as unaudited management review valuations.
“We’ve been very fortunate to have such a passionate, supportive and vocal shareholder base,” Victory Square CEO Shafin Tejani said in a statement. “Despite market conditions, our team is committed to building long-term shareholder value. As we recently entered Q3 2022, I’d like to take this opportunity to share some notable highlights from Q2 2022.”
READ: Victory Square Technologies subsidiary IV Hydreight merges with TSX-V-listed capital pool company in reverse takeover
Among Victory Square’s portfolio companies is IV Hydreight, which provides immediate wellness through its mobile platform and core team of professionally trained service providers.
In June this year, Hydreight reported 68 new business partner sign-ups, compared to 2 in the same month of 2021. For the year, Hygreight has added 241 signups, compared to 39 in the first six months of last year.
Also last month, fellow portfolio company Turnium Technology Group Inc began trading on the TSX Venture Exchange. Turnium delivers a software-defined wide area network as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service provided by Turnium.
A full breakdown of Victory Square's portfolio can be found here.
Victory Square Technologies builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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