Voyager Digital (CSE: VYGR) continues to see strong demand for its equity. The company this morning announced that it has closed a previously announced private placement, raising gross proceeds of US$100.0 million in the process.
The financing saw shares of the company sold at a price of US$13.10 each, with no warrant attached to the offering. Approximately 7.6 million shares of the company are believed to have been sold under the offering as a result.
Proceeds from the financing are to be used for general corporate purposes, with the company indicating within a quote from CEO Stephen Ehrlich that proceeds will be used to focus on the firms growth strategy. Such a strategy includes new user growth, international expansion, and new product introductions.
Voyager Digital last traded at $16.85 on the CSE.
Information for this briefing was found via Sedar and Voyager Digital. 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.