Voyager provides digital market updates

Voyager provides digital market updates

New York, 22 June 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) today acquired its subsidiary Voyager Digital Holdings, Inc. (“VDH”) declared. has entered into a definitive agreement with Alameda Ventures Limited (“Alameda”) relating to a previously disclosed credit facility, with the aim of helping Voyager meet the liquidity needs of clients during this dynamic period.

VDH entered into a definitive agreement with almida for one US$200 million Cash and USDC revolver and a 15,000 BTC revolver (“Loan”). As disclosed earlier, the proceeds of the credit facility are used to safeguard the assets of the client in light of the prevailing market volatility and only when such utilization is required. In addition to this feature, as 20 June 2022Near Voyager approx. Is US$152 million cash and proprietary crypto assets, as well as approx. US$20 million Cash amount that is restricted to the purchase of USDC.

of Alameda The obligation to provide funds is subject to certain conditions, including: US$75 million Can be reduced in any rolling 30-day period; Corporate debt of the company should be limited to approximately 25 percent of the client’s assets on the platform, less US$500 million, And additional sources of funding must be secured within 12 months. This is a summary of the loan terms; A copy of the loan agreement will be filed at http://www.sedar.com.

Voyager concurrently announced that its operating subsidiary, Voyager Digital, LLC, may issue a notice of default to Three Arrows Capital (“3AC”) for failure to repay its debt. 15,250 BTC exposed to Voyager’s 3AC and $350 million USDC. The company made an initial request for repayment of $25 million by USDC 24 June 2022and subsequently requested repayment of the entire balance of USDC and BTC June 27, 2022, None of these amounts have been paid, and failure by 3AC to repay any requested amounts by these specified dates shall constitute an event of default. Voyager intends to recover from 3AC and is in discussion with company advisors regarding available legal remedies. The company is unable to assess at this point the amount it will be able to recover from 3AC.

almida Voyager currently indirectly holds 22,681,260 common shares, representing approximately 11.56% of the outstanding common and convertible voting shares. Debt is considered a “related party transaction” in accordance with Multilateral Instrument 61-101 – the protection of minority security holders in special transactions (“MI 61-101”). Voyager MI 61-101 is subject to exemptions available under section 5.7(1)(f) of the minority shareholder approval requirement. Additionally, the loan is exempt from the formal appraisal requirement of MI 61-101 pursuant to section 5.4(1) of MI 61-101. The loan agreement was approved by Voyager’s board of directors.

About Voyager Digital Limited

Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) is a cryptocurrency platform based in the US subsidiary, Voyager Digital, LLC. United States Established in 2018 to bring choice, transparency and cost-efficiency to the market. Voyager provides a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the world. To know more about the company, please visit https://www.investvoyager.com,

forward-looking statements

Certain information in this press release includes, but not limited to, statements regarding the future growth and performance of the business, the momentum in the businesses, future adoption of digital assets, the terms of the term sheet and any fixed debt documents and the Company’s anticipated is not limited to. The results may constitute forward-looking information (collectively, forward-looking statements), which may be referred to as the use of words such as “might,” “will,” “should,” “expect,” “anticipate,” “project,” can be recognized from. “guess,” “intend,” “continue” or “believe” (or negative) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Voyager’s actual results, performance or achievements to differ materially from any of its future results, performance or achievements, which are not forward-looking. expressed or implied by the statements. Furthermore, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or that any factor, or combination of factors, could cause actual results to differ materially from those contained in any forward-looking statements. can. -Seeing statements we can make. In light of these risks, uncertainties and assumptions, future events and trends discussed in this press release cannot and actual results could differ materially and adversely from those anticipated or implied in forward-looking statements. There is no assurance that the funds available under the Loan Agreement will be timely or, if available, will be sufficient to protect the Customer’s assets along with any other Voyager assets. It is uncertain what amount Voyager will be able to recover from 3AC for non-payment or legal remedies available to Voyager regarding non-payment or impact on future business, cash flow, liquidity and prospects of Voyager. For non-payment of 3AC. Forward-looking statements are subject to the risk that the business and investments of the global economy, industry, or company do not perform as anticipated, that revenue or expense projections may not be met or may be lower or higher than anticipated, that Parties to whom the company lends are able to repay such debts in a full and timely manner, that business momentum does not continue or demand for business solutions declines, customer acquisition does not grow as planned, product and international expansion does not occur as planned, the risks of compliance with laws and regulations currently in force or applicable to the business and other risks contained in the Company’s public filings, including its management discussion and analysis and its Annual Information Form (AIF) Are included. Factors that could cause the actual results of the Company and its businesses to differ materially from those described in such forward-looking statements, including but not limited to deterioration in the digital asset market or general economic conditions; Changes in laws or approaches to regulation, failure or delay in adoption of digital assets and blockchain ecosystem by institutions; Changes in cryptocurrency volatility, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cyber security breaches, delays or failures in infrastructure development for trading businesses or mandates and gaining traction; Failure to develop assets under management, adverse development with respect to the issuer or party to the transaction, or failure to obtain necessary regulatory approvals. Readers are cautioned that assets and trading volumes on the Platform are volatile and may increase or decrease from time to time and such fluctuations are beyond the control of the Company. Forward-looking statements, past and present performance and trends are not a guarantee of future performance, accordingly, you should not place undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying the assumptions, risks and uncertainties relating to the Company is contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release apply only as of the date of this release or the date specified in the relevant forward-looking statements and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances. . To denote the occurrence of unforeseen events after that date or except as required by law. Except as required by law, the Company assumes no obligation to provide operational updates. If the Company updates one or more forward-looking statements, no presumption should be made that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not place undue reliance on past performance and current trends. There is no assurance that the transactions contemplated by the non-binding term sheet will be completed or that they will be on agreed terms upon completion. There is no assurance that the funds available under the Loan Agreement will be available or, even if available, will be sufficient to protect the Customer’s assets along with any other Voyager assets.

TSX does not approve or disapprove of the information contained herein.

Source Voyager Digital Ltd.

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