Mr. Shafin Tejani reports

VICTORY SQUARE TECHNOLOGIES COMPLETES STRATEGIC TRANSACTION WITH EDGE TOTAL INTELLIGENCE

Further to the press release dated Aug. 2, 2024, the transaction between Edge Total Intelligence Inc., Victory Square Technologies Inc.'s Block X Capital Corp. and 1494029 B.C. Ltd. (AcquisitionCo), a wholly owned subsidiary of edgeTI, has been completed.

As part of this transaction, edgeTI has acquired all the issued and outstanding shares of Block X from Victory Square, totalling 4.25 million common shares. In exchange, Victory Square has received an equal number of subordinate voting shares of edgeTI, valued at 40 cents per share. The total consideration of the transaction is $1.7-million.

Block X and edgeTI have amalgamated under the B.C. Business Corporations Act, forming a new entity, EdgeAI Technologies Inc., in which edgeTI holds all the outstanding shares. This acquisition strengthens Victory Square's portfolio and provides a strategic advantage as EdgeAI Technologies continues to expand its footprint in the artificial intelligence and digital transformation space.

Quote from Shafin Diamond Tejani, chief executive officer of Victory Square: "We are excited to complete this strategic transaction with edgeTI, which represents a significant step forward for Victory Square. This acquisition aligns perfectly with our mission to identify and nurture innovative, high-growth companies in the AI and digital transformation sectors. By joining forces with edgeTI, we've positioned EdgeAI Technologies Inc. to capitalize on emerging opportunities in the market, bringing together cutting-edge technology and talent. We believe this partnership will drive value for our shareholders and accelerate the adoption of AI solutions across industries."

This transaction represents a significant milestone for Victory Square as it continues to identify and nurture cutting-edge opportunities across its diversified portfolio.

Value of the 4.25 million shares of edgeTI received by Victory Square as consideration at the close of the trading day on Oct. 3, 2024, was 93 cents, which values the shares at $3,952,500.

Victory Square investor webinar question-and-answer session

It is excited to invite you to the next Victory Square investor webinar Q&A with Mr. Tejani. This webinar will be focused on providing a company update and answering shareholders' questions.

Please see details for the webinar below.

Victory Square investor webinar Q&A

Date:  Wednesday, Oct. 16, 2024

Time:  1:15 a.m. PST to 2 p.m. PST (4:15 p.m. EST to 5 p.m. EST)

Location:  on Zoom

Please register.

About Victory Square Technologies Inc.

Victory Square builds, acquires and invests in promising start-ups across various industries, including AI, gaming, blockchain, clean technology and digital health. Through its dynamic ecosystem, Victory Square nurtures and scales innovative companies, creating long-term value for shareholders.

We seek Safe Harbor.