Mr. Shafin Tejani reports
VICTORY SQUARE TECHNOLOGIES PROVIDES STATUS REPORT OF ANNUAL FINANCIAL STATEMENTS AND MD&A
Victory Square Technologies Inc. has provided this biweekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203, Management Cease Trade Orders.
The company announced on April 29, 2022, that it had applied for a management cease trade order (MCTO) with the applicable securities regulatory authorities in Canada on the basis that the company's audited annual financial statements and accompanying management's discussion and analysis (MD&A) for the fiscal year ended Dec. 31, 2021, would not be filed by the applicable filing deadline of May 2, 2022. The company announced that the MCTO was issued on May 4, 2022. The MCTO restricts the chief executive officer and chief financial officer from all trading in securities of the company until such time as the annual filings have been filed by the company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.
The company and its auditor continue to work diligently toward completing the annual filings as soon as possible, and the company continues to expect that it will be in a position to file the annual filings on or before May 20, 2022.
The company confirms that since the date of the default announcement: (i) other than as described above, there has been no material change to the information set out in the default announcement that has not been generally disclosed; (ii) there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in National Policy 12-203; (iii) there has not been any other specified default by the company under NP 12-203; and (iv) there is no other material information concerning the affairs of the company that has not been generally disclosed.
The company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the annual filings.
About Victory Square Technologies Inc.
Victory Square builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed for fast-track growth. Victory Square's sweet spot is cutting-edge technology that is shaping the fourth industrial revolution. The corporate portfolio consists of 20-plus global companies using AI (artificial intelligence), VR/AR (virtual reality/augmented reality) and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
Victory Square is a publicly traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), the Frankfurt Stock Exchange (6F6) and the OTCQX (VSQTF).
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