Victory Square portfolio company GameOn Entertainment gets conditional nod to list on the CSE under ticker 'GET"

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FRA:6F6) announced Friday that its portfolio company GameOn Entertainment Technologies Inc received conditional approval from the Canadian Securities Exchange (CSE) to list under the ticker symbol GET.  

Founded in 2018, GameOn delivers sports and entertainment content providers access to what it calls “the world’s simplest and most accessible gamification platform.” Whether its clients are TV networks, over-the-top platforms, sportsbooks or leagues, GameOn helps its partners turn their content into interactive and social experiences through mobile and TV apps. 

The CSE conditional listing approval, which still requires GameOn to meet certain thresholds set by the exchange, comes after a strong year of growth for the Victory Square investee, the company said. 

READ: Victory Square trumpets US expansion of portfolio telemedicine company IV Hydreight Inc

Within the last 12 months, GameOn underwent an oversubscribed financing of $5.8 million; appointed industry veterans J Moses of Take-Two Interactive as Chairman, and Liz Schimel of Apple News and Carey Dillen of Boston Pizza to the board; brought on industry leaders as advisors, including former Australian soccer star Tim Cahil; hired a VP of product in Santiago Jaramillo, who was building FIFA at EA Sports and leading development of NBA Top Shot at Dapper Labs; and added Ivan Soto of Ask Media Group as engineering manager.

“We are thrilled to announce our conditional approval from the Canadian Securities Exchange for listing under our symbol ‘GET’,” GameOn CEO Matt Bailey said in a statement. “This public listing will enable our company and team to launch all systems ‘GO’ as we look to disrupt the sports, television and live event fan viewing experience, and gaming marketplace.”

Victory Square also announced that its board has approved a plan to distribute a portion of the common shares of GameOn currently held by the Victory Square to VST shareholders. 

“Our ongoing mission is to facilitate growth for our portfolio companies and incubate them from birth through to stand-alone public listings as shown by the company’s latest portfolio, GameOn,” VST CEO Shafin Diamond Tejani said. “This incubated spin-off of GameOn will provide value to our stakeholders. Our board, along with myself and our executive team, believe that this strategic dividend reward with GameOn is in direct alignment with our vision to provide a strong recurring return on investment for our stakeholders. 

“Our team and board at VST are very excited at the latest conditional listing of GameOn that follows in the footsteps of our successful launch in May of 2020 of our portfolio company FansUnite (CSE:FANS).”

Victory Square, a Vancouver-based mobile game ventures company, originally purchased GameOn through its portfolio company V2 Games Inc in December 2020.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors