VST Update Hey guys, let us know if you ever have any questions.
Some Updates:
VST is currently trading at a 49million market cap, a 39% discount from their 79million NAV.
FansUnite, a company under the VST umbrella, just closed a 13.4million financing at $0.625 per share, led by Gravitas Securities.
FansUnite is currently sitting at a 62million market cap, showing considerable growth from the 2.7million market cap at time of acquisition.
Today VST announced it’s latest acquisition, for a health tech company called Hydreight. It will become the cornerstone for their Health Tech platform they are building out, because other elements of their business can plug into the Hydreight telemedicine app. For example they can even sell their COVID testing kits through the platform.
Great to see VST management execute on their strategy of investing in early stage, disruptive private companies, scale them, and take them to market to lock in capital gains for investors.