- Voyager Digital Ltd. (VOYG) has closed the first tranche of a private placement for proceeds of approximately $74.4 million
- $2.5 million for the second tranche of the private placement is expected to close shortly
- Financing will be used for general corporate purposes
- Voyager Digital is a cryptocurrency platform offering a secure way to trade currencies
- Voyager Digital Ltd. (VOYG) is down 2.88 per cent and is trading at $2.70 per share as of 12:57 p.m. ET
Voyager Digital (VOYG) has closed the first tranche of a private placement for proceeds of approximately $74.4 million.
Each Voyager share was sold at a price of $3.00. Additionally, a $2.5 million payment for the second tranche of the private placement is expected to close shortly once approval of the Toronto Stock Exchange has been received.
Alameda Research was the lead subscriber for the private placement and Galaxy Digital, Blockdaemon, Digital Currency Group, and Three Arrows Capital also participated, among a few others not mentioned in detail.
Voyager said it will use the net proceeds from the offering for general corporate purposes.
“The ability for Voyager to deepen relationships with such important companies within the crypto ecosystem will help us achieve our goals of expanding our staking and lending program as well as our industry leading pools of liquidity, and assist as we pursue expansion into Web3, NFTs, credit products and managed account products,” said Stephen Ehrlich, CEO and co-founder of Voyager.
“Based on our net cash position, we are very well positioned to build our business in any market environment and are extremely excited about our future.”
Voyager Digital is a cryptocurrency platform with its subsidiary based in the United States to offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application.
Voyager Digital Ltd. (VOYG) is down 2.88 per cent and is trading at $2.70 per share as of 12:57 p.m. ET.
