Voyager Digital CEO Cancels Share Sale Plan

Voyager Digital (TSX: VOYG) has seen its CEO walk away from a previously announced automatic securities disposition plan. The plan was previously implemented on December 31, 2021.

Under the previous disposition plan, CEO Stephen Ehrlich was looking to sell up to 1.0 million common shares that he current holds in Voyager. The securities were to be sold at a predetermined floor price, the details of which were not provided by the company. At the time, the sale represented roughly a quarter of his share position in the company.

No securities were sold under the arrangement. The plan is currently slated to terminate in 30 days following the date of this mornings announcement.

In justifying why he has now elected to cancel the plan, he commented that he “felt it was in the best interest of the investors to withdraw the plan.” He then added that he feels the company is undervalued, despite his prior intention to sell securities. The comment is reportedly based on the full quarter financial results of the company for the period ended December 31.

Voyager Digital last traded at $11.50 on the TSX, a 32% drop since the plan was first announced just weeks ago.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Discovery Silver in Advanced Talks to Acquire Barrick’s Last Canadian Gold Mine

Emerita Reports Aznalcollar Public Tender Trial Hearings Have Concluded, Verdict Expected This Fall

Related News

Voyager Digital Sells Coinify For US$2 Million After Purchasing For US$84.0 Million A Year Ago

Voyager Digital (TSX: VOYG) has begun the process of selling off its assets as it...

Thursday, August 18, 2022, 08:54:29 AM

Voyager Digital Sees Annual Revenues Climb To $175.1 Million From $1.2 Million

Voyager Digital (TSX: VOYG) evidently had a banner year for 2021, posting significant revenue growth...

Friday, October 29, 2021, 08:57:16 AM

Binance Deal To Buy Voyager Faces Looming Threat Of US National Security Review

Binance’s plans to acquire what remains of the bankrupt crypto lender Voyager Digital could be...

Wednesday, January 4, 2023, 05:10:00 PM

Voyager Digital Looks To Secure US$500 Million In Further Capital Amid Crypto Market Turmoil

Voyager Digital (TSX: VOYG) is seemingly concerned with its liquidity situation given the current state...

Monday, June 20, 2022, 08:02:32 AM

Voyager Digital Receives Court Orders From Eight States Against Its Crypto Products

Voyager Digital (TSX: VOYG) appears to be facing significant regulatory issues in the United States...

Wednesday, March 30, 2022, 07:46:42 AM