Victory Square Technologies, a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors, has signed a binding letter of intent to invest in the renewable energy company Stardust Solar, a leading renewable energy company operating in the United States and Canada.
Founded in 2017, Stardust Solar is a leader in renewable energy education in Canada, providing CSA/NABCEP approved design and installation training with hands-on experience, a release said.
Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.
VST CEO Shafin Diamond Tejani said, “This strategic investment aligns with our company’s vision of working with technology and sustainability influencers as we endeavour to eradicate damage to our environment and create a more sustainable and eco-friendlier footprint.”
Tejani added, “And, it’s not just an environmental issue, it’s an economic opportunity as well. Good innovation investing focuses on technologies and companies that are likely to have a positive impact on the environment, our society, and the world’s ability to create further innovations.”
The Company also announces granting of 300,000 incentive stock options to consultants of the company at an exercise price of $0.80 per share. The options are exercisable for a period of two years, the release added.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Its corporate portfolio consists of over 20 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.