Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced that it will acquire all issued and outstanding membership interests of Limitless Blockchain Technology, LLC for $5,000,000 Canadian in total consideration, subject to all requisite regulatory approvals. Per the terms of the definitive share purchase agreement executed between the company and the interest owner of Limitless Blockchain, the purchase price will be paid by Victory Square through the issuance of 3,703,703 common shares in the capital of the company at a price of $1.35 Canadian. The shares will be subject to certain resale restrictions. “Having already developed a suite of ground-breaking software and hardware solutions catering to consumers that will inevitably utilize blockchain products in the future, we saw an immediate opportunity to bring the team in house and assist in scaling their operations to serve a growing demand. In the coming years, we look forward to working closely with CEO Michael Shader and the Limitless team and their customers as we assist them in their next stage of growth,” Victory Square CEO Shafin Diamond Tejani stated in the news release.
To view the full press release, visit http://ibn.fm/l2I9c
About Victory Square Technologies Inc.
Victory Square Technologies is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. Victory Square portfolio companies are disrupting every sector of the global economy including Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.VictorySquare.com
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