Voyager Digital Closes On US$100 Million Financing

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.

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