Voyager Technologies, Inc.VOYG
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Voyager prices $350M 0% convertible senior notes, raising ~$340.4M to fund organic expansion and strategic acquisitions.
Impact on assets 1
Space Economy
Voyager Technologies, Inc.Voyager Technologies announced the pricing of $350M in 0% convertible senior notes due 2032 in a private placement to qualified institutional buyers, with the transaction scheduled to settle on September 28, 2026. The company has also granted the initial purchasers a 13-day option to buy up to an additional $52.5M aggregate principal amount of notes. The senior, unsecured notes will not bear regular interest or accrete in principal and mature on October 15, 2032, with an initial conversion rate of 24.4978 shares of Class A common stock per $1,000 principal amount, representing an initial conversion price of approximately $40.82 per share, a 30% premium over Voyager's Class A common stock closing price of $31.40 on September 23, 2026. Voyager estimates net proceeds from the offering will total approximately $340.4M, or $391.6M if the initial purchasers' option is exercised in full, after deducting discounts and offering expenses. The company plans to deploy the net proceeds primarily toward funding $45.7M in privately negotiated capped call transactions, featuring an initial cap price of $78.50 per share, a 150% premium over its September 23 close, to mitigate potential equity dilution upon conversion, with the remaining funds allocated toward general corporate purposes, specifically driving organic expansion initiatives and executing strategic acquisitions.
Voyager Technologies, Inc.Voyager prices $350M 0% convertible senior notes, raising ~$340.4M to fund organic expansion and strategic acquisitions.