Monday, June 27, 2022
Voyager Digital (VYGVF)
Alameda Surrenders 4.5 Million Shares
Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers 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 globe. To learn more about the company, please visit https://www.investvoyager.com.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Share Surrender. Alameda Research Ventures reported the surrender of 4.5 million Voyager shares on Friday. The shares were surrendered to the Company for no consideration. Voyager subsequently cancelled the shares. The shares represented approximately 2.29% of the then issued and outstanding shares and had a nominal value of about $2.6 million (US $).
Insider Regulations? We believe the exchange occurred to get Alameda back below the 10% ownership level so that Alameda is no longer a reporting insider and is no longer a related party to Voyager. Alameda currently holds 18.2 million Voyager shares or about 9.49% of the outstanding. We can only guess as to why Alameda returned the shares rather than selling them, but guess Alameda did not want to put additional pressure on the stock seeing how it performed last week. Obviously as Almeda is no longer a reporting insider, Alameda has more flexibility if it wanted to dispose of additional Voyager shares.…
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.