Victory Square Technologies Inc. (CSE: VST) announced today that it has completed the issuance of the previously announced special common share dividend. The company’s shareholders have received a total of 9.0 million shares in the capital of its portfolio company Fantasy 360 Technologies Inc. (CSE: VRAR) whom is doing business as Immersive Tech.
The special share dividend, announced in August 2021, is composed of two tranches of 4.5 million Immersive Tech shares each. The second tranche was completed on December 30, issuing dividend shares to Victory Square shareholders on record as of December 17.
Following the dividend issuance, Victory Square’s equity in Immersive Tech went down to 69.81% from 75.72%. The company believes the dividend “[provides] investors with returns on their investments and is part of Victory Square’s strategy.”
Immersive Tech is working on building a physical metaverse through its location-based platform. The company recently got publicly listed on the Canadian Securities Exchange in September 2021.
Victory Square last traded at $0.33 on the CSE.
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