Digerati Closes Acquisition of SkyNet Telecom

Research, News, and Market Data on Digerati Technologies

 

– Expands Cloud Communication and Broadband Solutions Footprint in Texas –

– Adds $3.4 Million in Annual Revenue –

 

SAN ANTONIO, TX (GlobeNewswire) – January 5, 2022 – Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to announce the completion of the acquisition of San Antonio-based SkyNet Telecom (“SkyNet”), a leading provider of cloud communication and broadband solutions tailored for businesses.

The acquisition of SkyNet expands the Company’s footprint in Texas and increases its customer base by over 215% to 737 business customers in the Lone Star State. On a consolidated basis and as a result of this acquisition,Digerati’s operating subsidiaries will now serve over 3,100 business customers and approximately 33,000 users in Texas and Florida, the 2nd and 4th largest state economies by GDP in the USA. Based on the quarter ending October 31, 2021 on an annualized basis, the Company expects its operating subsidiaries will generate $18.5 million in annual revenue with the addition of SkyNet. SkyNet is expected to have an immediate and positive impact on the consolidated EBITDA and operating income of the Company with additional improvements to be realized during FY2022 from the anticipated cost synergies and consolidation savings derived from this acquisition.

Paul Golibart, President of SkyNet, stated, “We are excited for our team and the increased opportunities this business combination brings to our customers. From CRM integration to wireless business continuity solutions, our portfolio of products is enhanced tremendously going forward. We look forward to working with the Digerati team to bring these solutions to our customer base and expand into new markets.”

Arthur L. Smith, Chief Executive Officer of Digerati, commented, “In addition to increased revenue and adding a solid base of customers to our portfolio, the acquisition of SkyNet will expand our service and support capabilities in the growing Texas market. We also plan to adopt SkyNet’s go-to-market strategy in secondary and tertiary high-growth markets that are just opening to a competitive environment that allows number portability.”

Mr. Smith continued, “SkyNet fit our disciplined M&A plan and business model perfectly with its identical technology stack and strong and predictable recurring revenue with high gross margins under contracts with business customers. We are excited about our future in Texas with this business combination.”

The Company utilized its $20 million financing facility with Post Road Group to complete its acquisition of SkyNet Telecom.

About SkyNet Telecom

SkyNet Telecom is a hosted PBX/VoIP provider headquartered in San Antonio, Texas. Serving its first customers in 2010 as a business unit of Novatel Networks, SkyNet Telecom became an independent enterprise in 2013. SkyNet provides hosted communication services to small and medium-sized businesses across Texas and the United States. While SkyNet’s communication services and technology operate with the high-tech efficiency of a machine, its approach to customer service is all human. SkyNet is a high-touch organization that works individually with each of its clients to develop custom VoIP and data solutions that works for specific business needs. For more information about SkyNet, please visit Skynettelecom.net.

About Digerati Technologies, Inc.

Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries T3 Communications (T3com.com), Nexogy (Nexogy.com), and SkyNet Telecom (Skynettelecom.net), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the CloudTM.

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements, including but not limited to, total customers, annual revenue and EBITDA, adopting SkyNet’s go-to-market strategy, and improvements to be realized during FY2022 from the anticipated cost synergies and consolidation savings derived from the SkyNet acquisition are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Factors that could cause results to differ include, but are not limited to, execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Facebook: Digerati Technologies, Inc.
Twitter: @DIGERATI_IR
LinkedIn: Digerati Technologies, Inc.

Investors

The Eversull Group
Jack Eversull
jack@theeversullgroup.com
(972) 571-1624

ClearThink
Brian Loper
bloper@clearthink.capital
(347) 413-4234

Digerati Closes Acquisition of SkyNet Telecom

Research, News, and Market Data on Digerati Technologies

 

– Expands Cloud Communication and Broadband Solutions Footprint in Texas –

– Adds $3.4 Million in Annual Revenue –

 

SAN ANTONIO, TX (GlobeNewswire) – January 5, 2022 – Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to announce the completion of the acquisition of San Antonio-based SkyNet Telecom (“SkyNet”), a leading provider of cloud communication and broadband solutions tailored for businesses.

The acquisition of SkyNet expands the Company’s footprint in Texas and increases its customer base by over 215% to 737 business customers in the Lone Star State. On a consolidated basis and as a result of this acquisition,Digerati’s operating subsidiaries will now serve over 3,100 business customers and approximately 33,000 users in Texas and Florida, the 2nd and 4th largest state economies by GDP in the USA. Based on the quarter ending October 31, 2021 on an annualized basis, the Company expects its operating subsidiaries will generate $18.5 million in annual revenue with the addition of SkyNet. SkyNet is expected to have an immediate and positive impact on the consolidated EBITDA and operating income of the Company with additional improvements to be realized during FY2022 from the anticipated cost synergies and consolidation savings derived from this acquisition.

Paul Golibart, President of SkyNet, stated, “We are excited for our team and the increased opportunities this business combination brings to our customers. From CRM integration to wireless business continuity solutions, our portfolio of products is enhanced tremendously going forward. We look forward to working with the Digerati team to bring these solutions to our customer base and expand into new markets.”

Arthur L. Smith, Chief Executive Officer of Digerati, commented, “In addition to increased revenue and adding a solid base of customers to our portfolio, the acquisition of SkyNet will expand our service and support capabilities in the growing Texas market. We also plan to adopt SkyNet’s go-to-market strategy in secondary and tertiary high-growth markets that are just opening to a competitive environment that allows number portability.”

Mr. Smith continued, “SkyNet fit our disciplined M&A plan and business model perfectly with its identical technology stack and strong and predictable recurring revenue with high gross margins under contracts with business customers. We are excited about our future in Texas with this business combination.”

The Company utilized its $20 million financing facility with Post Road Group to complete its acquisition of SkyNet Telecom.

About SkyNet Telecom

SkyNet Telecom is a hosted PBX/VoIP provider headquartered in San Antonio, Texas. Serving its first customers in 2010 as a business unit of Novatel Networks, SkyNet Telecom became an independent enterprise in 2013. SkyNet provides hosted communication services to small and medium-sized businesses across Texas and the United States. While SkyNet’s communication services and technology operate with the high-tech efficiency of a machine, its approach to customer service is all human. SkyNet is a high-touch organization that works individually with each of its clients to develop custom VoIP and data solutions that works for specific business needs. For more information about SkyNet, please visit Skynettelecom.net.

About Digerati Technologies, Inc.

Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries T3 Communications (T3com.com), Nexogy (Nexogy.com), and SkyNet Telecom (Skynettelecom.net), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the CloudTM.

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements, including but not limited to, total customers, annual revenue and EBITDA, adopting SkyNet’s go-to-market strategy, and improvements to be realized during FY2022 from the anticipated cost synergies and consolidation savings derived from the SkyNet acquisition are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Factors that could cause results to differ include, but are not limited to, execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Facebook: Digerati Technologies, Inc.
Twitter: @DIGERATI_IR
LinkedIn: Digerati Technologies, Inc.

Investors

The Eversull Group
Jack Eversull
jack@theeversullgroup.com
(972) 571-1624

ClearThink
Brian Loper
bloper@clearthink.capital
(347) 413-4234

Voyager Digital Announces Estimated Revenue of Approximately USD$165MM For the Quarter Ended December 31, 2021

 

Research, News, and Market Data on Voyager Digital

 

Preliminary revenues for the calendar year ended December 31, 2021 are expected to exceed USD$415 million

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQB: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced preliminary revenue and user metrics for the fiscal 2022 second quarter ended December 31, 2021 and is pleased to provide commentary on the Company’s calendar 2022 growth plans.
 
“Voyager had outstanding growth in the quarter ended December 31, 2021, with preliminary revenue anticipated to be approximately $165 million, up from $3.6 million for quarter ended December 31, 2020, and with funded accounts surpassing one million, up from just 43,000 at the beginning of the year.  We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022,” said Steve Ehrlich, Voyager’s CEO and Co-founder.  “In 2021, we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated. Now, with our platform and technological capabilities enhanced, 2022 marks the next phase of Voyager’s growth through product and geographic expansion, alongside marketing efforts to reach new customers.”
 
The Company is pleased to announce the following Financial and Operational Key Metrics for
fiscal 2022 second quarter ended December 31, 2021:

• Preliminary total revenue for the fiscal 2022 second quarter ended December 31, 2021 is estimated at $165 million, compared to $81.5 million for the fiscal 2022 first quarter ended September 30, 2021 and $3.6 million for fiscal 2021 second quarter ended December 31, 2020.   
• Preliminary total revenue for the calendar year 2021 is estimated to exceed $415 million vs $6.6 million for the calendar year 2020.  This includes preliminary estimated revenue from merchant services of $29 million.
• Preliminary revenue from merchant services, which is included in total revenue, is estimated to be $15 million for the fiscal 2022 second quarter ended December 31, 2021 vs $14 million for the fiscal 2022 first quarter ended September 30, 2021.
• Total Verified Users grew to 3.2 million as of December 31, 2021, up from 2.15 million on September 30, 2021 and 159,000 on December 31, 2020.
• Total Funded Accounts grew to 1.075 million as of December 31, 2021, up from 860,000 on September 30, 2021 and 43,000 on December 31, 2020.
• Net new deposits for the fiscal 2022 second quarter ended December 31, 2021 were approximately $ 1.04 billion, compared to the $827 million for the fiscal 2022 first quarter ended September 30, 2021.
   
   

Steve Ehrlich continued, “We’ve rapidly grown our employee base by more than 7x, from 35 employees at January 1, 2021 to over 250 at the end of 2021.  We expect to continue to grow our team in 2022 as we expand into NFT’s, the Metaverse, and our own custody solution. Also, we look forward to beginning our rollout in Europe and Canada, launching our debit card, and adding credit products and equity trading. Further, Voyager will continue to build out our payment processing capabilities as we add merchant payment systems to our already established payment system. As we look ahead, we remain committed to driving sustainable long-term customer growth and executing on our strategic priorities, and will accelerate our growth through M&A when appropriate.”
 
Voyager will be announcing the results of its fiscal 2022 second quarter ending December 31st on or about February 14th. Voyager will also be participating in Eight Capital’s innoVIII: Riding the Digital Rails Virtual Conference on January 26th.
 
For more information about investor events that Voyager will be participating in, please visit www.investvoyager.com/investorrelations/events.
 
All amounts are in US Dollars unless otherwise indicated.
 
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQB: 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 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 35 cryptocurrencies. 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.
 
Financial Disclaimer:
The preliminary estimated financial results and other data for the three and six months ended December 31, 2021 set forth above are subject to the completion of the Company’s financial closing procedures. This data has been prepared by, and is the responsibility of, the Company’s management and audit committee. Voyager’s independent registered public accounting firm, Marcum LLP, does not express an opinion or any other form of assurance with respect thereto. The Company currently expects that its final results of operations and other data for the interim period ended December 31, 2021 will be consistent with the estimates set forth above, but such estimates are preliminary and Voyager’s actual results of operations and other data could differ materially from these estimates due to the completion of its quarterly review procedures, final adjustments, and other developments that may arise between now and the time such unaudited consolidated financial statements for the three and six months ended December 31, 2021 are released.
 
Forward Looking Statements

Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, 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 the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events, except as required by law. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn 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 put undue reliance on past performance and current trends.
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager

	Image Credit: Sony Mobility, Inc.

Sony Announces Electric Vehicle Division

 

Since the early days of the pandemic lockdowns, Sony has been selling PlayStation 5s as fast as they are able to manufacture them. Yesterday they announced the launch of a new company, Sony Mobility. This announcement, along with two prototype cars, demonstrates a real commitment to enter the EV car manufacturing business.

The Consumer Electronics Show (CES) opens today (January 5) in La Vegas and runs for three days. Prior to the opening yesterday, Sony, a major player in the consumer electronics market announced the start of their new company saying that they believe mobility and entertainment go hand in hand.

The company also unveiled a new prototype electric SUV named VISION-S 02—which it will have on exhibit at the trade fair beginning Wednesday. Back in 2020, at the CES trade show, Sony surprised the world with their first EV prototype, the VISION-S EV.  This vehicle was viewed two years ago as a PlayStation on wheels, and an experiment. The model car now has an additional two years of testing and refinements.

 “The new company will aim to make the best use of AI and robotics technologies, help realize a world where everyone can live in harmony with robots on a daily basis, fill people with emotion, and contribute to society,” Sony said.

 

Other EV news

General Motors (GM), is expected to unveil an all-electric Chevy Silverado at the 2022 CES trade show GM shares rose 7.5% Tuesday (January 4).

Ford Motor (F) announced plans to almost double its annual production of its F-150 Lightning electric pickup truck, citing growing demand.

Tesla (TSLA) reported record fourth-quarter deliveries on the first trading day of 2022, shares jumped  13.5%.

 

Suggested Reading:

Stocks that May Benefit from the $7.5b Spending on EV Charging Stations

Lithium Recycling is an EV Opportunity Not Yet on Many Investors’ Radar

Lithium-Ion Power vs Hydrogen Fuel Cell

Copper Facing an Onslaught of Demand

 

Sources:

https://www.sony.com/en/SonyInfo/News/Press/202201/22-002E/

https://www.irishtimes.com/business/manufacturing/sony-launches-electric-vehicle-company-to-explore-entering-market-1.4769241

https://www.motorbiscuit.com/a-playstation-car-sony-could-be-the-next-big-ev-manufacturer/

https://www.barrons.com/articles/sony-mobility-ev-unit-electric-suv-51641386874

 

Stay up to date. Follow us:

	Image Credit: Fritzschens Fritz (Flickr)

The Computer Chip Shortage, Where We Are Now

 

To understand when the microchip shortage will end it helps to deeply understand how it began, and what is being done. The problems started with a global pandemic, a trade war, drought, fires, and snowstorms. At the same time, there has been record demand for computer chips. Microchips are in everything from washing machines to fitness watches. And new cars could require several dozen. The inability for consumer-goods manufacturers to secure the specific chips needed has idled production of many things we take for granted, meanwhile chip production, even under ideal conditions, is somewhat painstaking.

 

Background

The covid-19 pandemic caused decreased demand for new cars. This made sense as many were faced with an uncertain economic future, and their time spent behind the wheel of a car came to a screeching halt. Car companies, not looking to get stuck with a glut of cars slimmed-down manufacturing. Some plants even switched gears and manufactured ventilators for the government. The reduced auto manufacturing and reduced orders for parts including chips, which help control everything from transmissions to braking, and engine surveillance, caused microchip companies to refocus.

While car demand faltered, demand for home electronics like laptops, smart TVs and, new phones were in high demand as setting up a functioning home office became important. There was also increased demand for electronic recreation causing game console sales to tick-up dramatically.  

Factories reacted and began producing chips to match the changed demand. They actually increased manufacturing to the point where by January 2021 YOY sales were up 13.2%. They still were not able to meet demand. So bad was the shortfall that Apple produced 10 million fewer iPhone 13s last year than it had planned to.

 

When Will the Chip Shortage Resolve Itself?

Today’s chips are far more complex than ever before. The first Intel (INTC) microchip contained 2500 individual transistors, today there may be as many as 30 billion transistors on a single chip. As complex and delicate as chips today are, the fragility of the related supply chains has been the main difficulty.

Creating a single microchip can involve from 10 to 100 different manufacturers working on the same exact semiconductor wafer. Effectively, one semiconductor may travel around the world a half dozen times before being complete and ready for the manufacturer. And every part of the process is critical to the final product. With transportation slowed and some factories closed with the pandemic, slowdowns, bottlenecks, and roadblocks were almost a certainty and still are a problem.

Taiwan Semiconductor Manufacturing (TSMC) has a hand in close to 50 percent of the world’s microchips. It has scaled up production efforts to meet the demand, but there is only so much they can do since so many other parties are relied upon. Any changes in production methods also are subject to testing and evaluation. This is especially important when it comes to chips used in new cars. In addition to the safety concerns, they need to endure under harsh conditions for at least ten years.

New car shortages, with reports of some selling for up to $20,000 over sticker, have begun to get government attention. The U.S. President has pledged $50 billion in funding over the next decade to incentivize chip manufacturing within U.S. borders. The European Union has committed €145 billion over the next few years for the same purpose. Meanwhile, South Korea has announced $450 billion of investment and China has pledged over $1 trillion. Factories to handle all of the intricacies take years. One of the largest current projects is a $12 billion TSMC facility that is due to open in Arizona in 2024. In the near future, the shortage is expected to continue, the recent outbreak of the omicron variant of Covid19 may delay production plans even further.

One more thing weighing on chip production for the next month is that China is said to be aiming for zero Covid infections prior to the 2022 Winter Olympics scheduled to begin February 4. The measures they are taking to achieve this have slowed current production of microchips and everything else.

Take-Away

Manufacturing computer chips is not remote work. The reasons for chip shortages for the products that are in high demand came about through a series of steps that included consumer behavior, meeting changed consumer demand, difficulty in shipping, and problems in bringing people to work. Now that it is a recognized problem, the amount of effort being undertaken to correct it may lead to a future where chips are in more than ample supply. That, however, is not likely to occur during the first two quarters of 2022. Chips are delicate and any new facility or process will necessitate thorough testing, the last thing a chip manufacturer needs is a recall.

Suggested Reading:

Will the Markets Continue to March Higher in 2022?

Why Small Cap Stocks May Outperform Large Caps in 2022

Ketchup Package Shortage and Covid19

Can 5G and Airport Safety Coexist?

 

Sources:

https://www.semiconductors.org/global-semiconductor-sales-increase-13-2-year-to-year-in-january/

https://www.reuters.com/world/us/biden-jobs-plan-includes-50-bln-chips-research-manufacturing-2021-04-12/

https://www.cnbc.com/2021/03/16/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html

https://www.techradar.com/uk/news/why-ps5-shortage

https://www.newscientist.com/article/2022-2022-preview-will-the-global-computer-chip-shortage-ever-end/#ixzz7H0po9EPk

https://www.newscientist.com/article/2271918-theres-a-global-shortage-of-computer-chips-whats-causing-it/

 

Stay up to date. Follow us:

	Image Credit: Fritzschens Fritz (Flickr)

The Computer Chip Shortage, Where We Are Now

 

To understand when the microchip shortage will end it helps to deeply understand how it began, and what is being done. The problems started with a global pandemic, a trade war, drought, fires, and snowstorms. At the same time, there has been record demand for computer chips. Microchips are in everything from washing machines to fitness watches. And new cars could require several dozen. The inability for consumer-goods manufacturers to secure the specific chips needed has idled production of many things we take for granted, meanwhile chip production, even under ideal conditions, is somewhat painstaking.

 

Background

The covid-19 pandemic caused decreased demand for new cars. This made sense as many were faced with an uncertain economic future, and their time spent behind the wheel of a car came to a screeching halt. Car companies, not looking to get stuck with a glut of cars slimmed-down manufacturing. Some plants even switched gears and manufactured ventilators for the government. The reduced auto manufacturing and reduced orders for parts including chips, which help control everything from transmissions to braking, and engine surveillance, caused microchip companies to refocus.

While car demand faltered, demand for home electronics like laptops, smart TVs and, new phones were in high demand as setting up a functioning home office became important. There was also increased demand for electronic recreation causing game console sales to tick-up dramatically.  

Factories reacted and began producing chips to match the changed demand. They actually increased manufacturing to the point where by January 2021 YOY sales were up 13.2%. They still were not able to meet demand. So bad was the shortfall that Apple produced 10 million fewer iPhone 13s last year than it had planned to.

 

When Will the Chip Shortage Resolve Itself?

Today’s chips are far more complex than ever before. The first Intel (INTC) microchip contained 2500 individual transistors, today there may be as many as 30 billion transistors on a single chip. As complex and delicate as chips today are, the fragility of the related supply chains has been the main difficulty.

Creating a single microchip can involve from 10 to 100 different manufacturers working on the same exact semiconductor wafer. Effectively, one semiconductor may travel around the world a half dozen times before being complete and ready for the manufacturer. And every part of the process is critical to the final product. With transportation slowed and some factories closed with the pandemic, slowdowns, bottlenecks, and roadblocks were almost a certainty and still are a problem.

Taiwan Semiconductor Manufacturing (TSMC) has a hand in close to 50 percent of the world’s microchips. It has scaled up production efforts to meet the demand, but there is only so much they can do since so many other parties are relied upon. Any changes in production methods also are subject to testing and evaluation. This is especially important when it comes to chips used in new cars. In addition to the safety concerns, they need to endure under harsh conditions for at least ten years.

New car shortages, with reports of some selling for up to $20,000 over sticker, have begun to get government attention. The U.S. President has pledged $50 billion in funding over the next decade to incentivize chip manufacturing within U.S. borders. The European Union has committed €145 billion over the next few years for the same purpose. Meanwhile, South Korea has announced $450 billion of investment and China has pledged over $1 trillion. Factories to handle all of the intricacies take years. One of the largest current projects is a $12 billion TSMC facility that is due to open in Arizona in 2024. In the near future, the shortage is expected to continue, the recent outbreak of the omicron variant of Covid19 may delay production plans even further.

One more thing weighing on chip production for the next month is that China is said to be aiming for zero Covid infections prior to the 2022 Winter Olympics scheduled to begin February 4. The measures they are taking to achieve this have slowed current production of microchips and everything else.

Take-Away

Manufacturing computer chips is not remote work. The reasons for chip shortages for the products that are in high demand came about through a series of steps that included consumer behavior, meeting changed consumer demand, difficulty in shipping, and problems in bringing people to work. Now that it is a recognized problem, the amount of effort being undertaken to correct it may lead to a future where chips are in more than ample supply. That, however, is not likely to occur during the first two quarters of 2022. Chips are delicate and any new facility or process will necessitate thorough testing, the last thing a chip manufacturer needs is a recall.

Suggested Reading:

Will the Markets Continue to March Higher in 2022?

Why Small Cap Stocks May Outperform Large Caps in 2022

Ketchup Package Shortage and Covid19

Can 5G and Airport Safety Coexist?

 

Sources:

https://www.semiconductors.org/global-semiconductor-sales-increase-13-2-year-to-year-in-january/

https://www.reuters.com/world/us/biden-jobs-plan-includes-50-bln-chips-research-manufacturing-2021-04-12/

https://www.cnbc.com/2021/03/16/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html

https://www.techradar.com/uk/news/why-ps5-shortage

https://www.newscientist.com/article/2022-2022-preview-will-the-global-computer-chip-shortage-ever-end/#ixzz7H0po9EPk

https://www.newscientist.com/article/2271918-theres-a-global-shortage-of-computer-chips-whats-causing-it/

 

Stay up to date. Follow us:

	Image Credit: Quinton Gellar (Pexels)

Telecommunication Giants Send 5G Rejection Letter to Buttigieg asking, Can You Hear Me Now?

 

5G is the latest intense challenge to airlines. Between fuel costs, pandemic restrictions, governmental mandates, and employee negotiations, the industry has had a tough 24 months. As we enter 2022, it seems the challenges will continue, as AT&T and Verizon have rejected a request that may cause disruption of some flights.

Background

In a letter to the U.S. Secretary of Transportation in mid-December top executives at Boeing (BA) and Airbus (EADSY) warned that 5G technology could have “an enormous negative impact on the aviation industry.” Previously concerns had also been raised that C-Band spectrum 5G wireless could interfere with aircraft electronics. The letter cited research by the trade group Airlines for America which found that if the Federal Aviation Administration’s (FAA) 5G rules had been in effect in 2019, about 345,000 passenger flights and 5,400 cargo flights would have faced delay, diversion, or cancellation. Airlines for America represents airlines and freight carriers including American (ticker: AAL), Delta (DAL), FedEx (FDX) and United Parcel Service (UPS).

This concern is now at a fever pitch as U.S. telecom companies AT&T (T) and Verizon (VZ) are due to deploy 5G services on January 5, 2022.

Standoff

On Sunday (January 2^nd) Verizon and AT&T rejected a request by the U.S. government to delay the rollout of 5G wireless technology. In a joint letter from the two telecommunications giants to U.S. Transportation Secretary Pete Buttigieg and the head of the Federal Aviation Administration, Steve Dickson, tried to dismiss concerns that the new 5G wireless service could disrupt aviation.

Buttigieg and Dickson sent a letter on New Year’s Eve to the CEOs of AT&T and Verizon proposing a delay in activating 5G service near an undetermined number of “priority airports” to give the FAA time to study the potential for interference with aircraft operations. The two telecom companies had previously agreed to a one-month delay and now fear any further delays would disrupt their customer service. Part of their response letter on Sunday read, ”Agreeing to your proposal would not only be an unprecedented and unwarranted circumvention of the due process and checks and balances carefully crafted in the structure of our democracy but an irresponsible abdication of the operating control required to deploy world-class and globally competitive communications networks that are every bit as essential to our country’s economic vitality, public safety and national interests as the airline industry.”

Take-Away

The affected 5G sites are those around commercial airports. This is a case where one industry could be impacting the growth and timely rollout of a new product of an entirely different industry. The concern of the airlines of course is safety, the telecommunication giants believe this has already been settled and currently plan on flipping the switch on January 5^th.

 

Suggested Reading:

What is the Sustainable Aviation Fuel Grand Challenge?

History Being Made in Net-Zero Passenger Flights

Which Autonomous Cars Have the Best Safety Record?

Does Your Personality Make You More Likely to be Scammed?

 

Sources:

https://www.usnews.com/news/business/articles/2022-01-02/at-t-verizon-reject-u-s-request-to-delay-5g-wireless-plans

https://www.barrons.com/articles/airlines-airports-flight-delays-5g-att-verizon-51641205781?mod=hp_LEAD_4

https://nypost.com/2022/01/01/airline-industry-demanding-fcc-delay-of-5g-rollout/

 

Stay up to date. Follow us:

Machine-Learning System Flags Remedies that Might Do More Harm than Good

 

Adam Zewe | MIT News
Office

Sepsis claims the lives of nearly 270,000 people in the U.S. each year. The unpredictable medical condition can progress rapidly, leading to a swift drop in blood pressure, tissue damage, multiple organ failure, and death.

Prompt interventions by medical professionals save lives, but some sepsis treatments can also contribute to a patient’s deterioration, so choosing the optimal therapy can be a difficult task. For instance, in the early hours of severe sepsis, administering too much fluid intravenously can increase a patient’s risk of death.

To help clinicians avoid remedies that may potentially contribute to a patient’s death, researchers at MIT and elsewhere have developed a machine-learning model that could be used to identify treatments that pose a higher risk than other options. Their model can also warn doctors when a septic patient is approaching a medical dead end — the point when the patient will most likely die no matter what treatment is used — so that they can intervene before it is too late.

When applied to a dataset of sepsis patients in a hospital intensive care unit, the researchers’ model indicated that about 12 percent of treatments given to patients who died were detrimental. The study also reveals that about 3 percent of patients who did not survive entered a medical dead end up to 48 hours before they died.

“We see that our model is almost eight hours ahead of a doctor’s recognition of a patient’s deterioration. This is powerful because in these really sensitive situations, every minute counts, and being aware of how the patient is evolving, and the risk of administering certain treatment at any given time, is really important,” says Taylor Killian, a graduate student in the Healthy ML group of the Computer Science and Artificial Intelligence Laboratory (CSAIL).

Joining Killian on the paper are his advisor, Assistant Professor Marzyeh Ghassemi, head of the Healthy ML group and senior author; lead author Mehdi Fatemi, a senior researcher at Microsoft Research; and Jayakumar Subramanian, a senior research scientist at Adobe India. The research is being presented at this week’s Conference on Neural Information Processing Systems. 

 

A Dearth of Data

This research project was spurred by a 2019 paper Fatemi wrote that explored the use of reinforcement learning in situations where it is too dangerous to explore arbitrary actions, which makes it difficult to generate enough data to effectively train algorithms. These situations, where more data cannot be proactively collected, are known as “offline” settings.

In reinforcement learning, the algorithm is trained through trial and error and learns to take actions that maximize its accumulation of reward. But in a health care setting, it is nearly impossible to generate enough data for these models to learn the optimal treatment, since it isn’t ethical to experiment with possible treatment strategies.

So, the researchers flipped reinforcement learning on its head. They used the limited data from a hospital ICU to train a reinforcement learning model to identify treatments to avoid, with the goal of keeping a patient from entering a medical dead end.

Learning what to avoid is a more statistically efficient approach that requires fewer data, Killian explains.

“When we think of dead ends in driving a car, we might think that is the end of the road, but you could probably classify every foot along that road toward the dead end as a dead end. As soon as you turn away from another route, you are in a dead end. So, that is the way we define a medical dead end: Once you’ve gone on a path where whatever decision you make, the patient will progress toward death,” Killian says.

“One core idea here is to decrease the probability of selecting each treatment in proportion to its chance of forcing the patient to enter a medical dead-end — a property that is called treatment security. This is a hard problem to solve as the data do not directly give us such an insight. Our theoretical results allowed us to recast this core idea as a reinforcement learning problem,” Fatemi says.

 

 

To develop their approach, called Dead-end Discovery (DeD), they created two copies of a neural network. The first neural network focuses only on negative outcomes — when a patient died — and the second network only focuses on positive outcomes — when a patient survived. Using two neural networks separately enabled the researchers to detect a risky treatment in one and then confirm it using the other.

They fed each neural network patient health statistics and a proposed treatment. The networks output an estimated value of that treatment and also evaluate the probability the patient will enter a medical dead end. The researchers compared those estimates to set thresholds to see if the situation raises any flags.

A yellow flag means that a patient is entering an area of concern while a red flag identifies a situation where it is very likely the patient will not recover.

 

Treatment Matters

The researchers tested their model using a dataset of patients presumed to be septic from the Beth Israel Deaconess Medical Center intensive care unit. This dataset contains about 19,300 admissions with observations drawn from a 72-hour period centered around when the patients first manifest symptoms of sepsis. Their results confirmed that some patients in the dataset encountered medical dead ends.

The researchers also found that 20 to 40 percent of patients who did not survive raised at least one yellow flag prior to their death, and many raised that flag at least 48 hours before they died. The results also showed that, when comparing the trends of patients who survived versus patients who died, once a patient raises their first flag, there is a very sharp deviation in the value of administered treatments. The window of time around the first flag is a critical point when making treatment decisions.

“This helped us confirm that treatment matters and the treatment deviates in terms of how patients survive and how patients do not. We found that upward of 11 percent of suboptimal treatments could have potentially been avoided because there were better alternatives available to doctors at those times. This is a pretty substantial number, when you consider the worldwide volume of patients who have been septic in the hospital at any given time,” Killian says.

Ghassemi is also quick to point out that the model is intended to assist doctors, not replace them.

“Human clinicians are who we want making decisions about care, and advice about what treatment to avoid isn’t going to change that,” she says. “We can recognize risks and add relevant guardrails based on the outcomes of 19,000 patient treatments — that’s equivalent to a single caregiver seeing more than 50 septic patient outcomes every day for an entire year.”

Moving forward, the researchers also want to estimate causal relationships between treatment decisions and the evolution of patient health. They plan to continue enhancing the model so it can create uncertainty estimates around treatment values that would help doctors make more informed decisions. Another way to provide further validation of the model would be to apply it to data from other hospitals, which they hope to do in the future.

 

Suggested Content:

Type-1 Diabetes – The Beginning of the End Close to a Cure

Cocrystal Pharma – Virtual Road Show (Video)

Axcella Therapeutics – C-Suite Interview (Video)

Avivagen – Virtual Roadshow (Video)

 

Stay up to date. Follow us:

Tuesday, December 21, 2021

TAAL Distributed Information Technologies (TAALF)
Completes Data Center Acquisition; Preliminary 4Q21 Results

Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

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.

Data Center. TAAL has completed the acquisition of the 60,000 sq/ft facility in Grand Falls, New Brunswick. The new facility will enable TAAL to mine Bitcoin on an industrial scale. Once filled to capacity, TAAL will be able to power up to 2 Eh/s of Bitcoin mining. Notably, the 50 MW of energy to be supplied to power the operations is over 40% from renewable energy.


Preliminary 4Q21 Results.  For the fourth quarter, TAAL expects consolidated revenue to be in the range of $13.75 million and $14.25 million. This is up from the $12.4 million generated in the third quarter and would represent the fifth consecutive quarterly revenue increase. We were estimating 4Q21 revenue to come in at $13.6 million …

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. 

Tuesday, December 21, 2021

TAAL Distributed Information Technologies (TAALF)
Completes Data Center Acquisition; Preliminary 4Q21 Results

Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

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.

Data Center. TAAL has completed the acquisition of the 60,000 sq/ft facility in Grand Falls, New Brunswick. The new facility will enable TAAL to mine Bitcoin on an industrial scale. Once filled to capacity, TAAL will be able to power up to 2 Eh/s of Bitcoin mining. Notably, the 50 MW of energy to be supplied to power the operations is over 40% from renewable energy.


Preliminary 4Q21 Results.  For the fourth quarter, TAAL expects consolidated revenue to be in the range of $13.75 million and $14.25 million. This is up from the $12.4 million generated in the third quarter and would represent the fifth consecutive quarterly revenue increase. We were estimating 4Q21 revenue to come in at $13.6 million …

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. 

 

Voyager Digital Announces Brian Brooks, Former Acting Comptroller of the U.S. Currency, Joins Board of Directors

 

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce Brian Brooks has been appointed to Voyager Digital Ltd’s Board of Directors effective immediately.
 
Philip Eytan, Chairman of Voyager Digital, said, “On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director.”  Mr. Eytan continued, “Brian’s extensive background as an executive at major crypto companies and as the leader of important government regulatory initiatives in the crypto space will help propel the growth of digital assets and Voyager’s business.”

Brian is currently CEO of Bitfury Group Ltd and was formerly the Acting Comptroller of the U.S. Currency at the Office of the Comptroller of the Currency and, before that, the Chief Legal Officer of Coinbase. Mr. Brooks has also held senior positions in the traditional finance sector, including as EVP, General Counsel and Corporate Secretary at Fannie Mae and as Vice Chairman of OneWest Bank, N.A.

Mr. Brooks is a globally recognized leader in financial services law, operations, and policy and has been instrumental in the growth of several high-profile Silicon Valley fintech startups. He most recently appeared with other crypto CEOs before the House Committee on Financial Services to discuss cryptocurrencies.  His work as Acting Comptroller leading the U.S. national banking system earned him recognition on various lists of thought leaders, including as Cointelegraph’s 13th most influential person in crypto globally; as one of Qredo’s top 20 crypto regulatory voices; and as the 10th most important influencer in the world as rated by Crunchbase.

About Voyager Digital Ltd.

Publicly traded 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 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. 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.
 
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Announces Trading Of Common Shares And Variable Voting Shares Under Single Trading Symbol To Commence As Of Market Open On TSX On December 23, 2021

 

Research, News, and Market Data on Voyager Digital

 

NEW YORK, Dec. 20, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce that its amended share structure, overwhelmingly approved at the annual general and special meeting of shareholders held on December 14, 2021, will be reflected in trading effective as of the opening of the Market on the Toronto Stock Exchange on Thursday December 23, 2021. The amendment in share structure was implemented to ensure Voyager’s status as a Foreign Private Issuer and reduce compliance costs. The common shares (“Common Shares”) and its newly implemented variable voting shares (the “Variable Voting Shares”) will begin trading at the market opening on the Toronto Stock Exchange under the single and current ticker “VOYG”. These shares will bear the CUSIP/ISIN number 92919V405/CA92919V405 and will be designated for purposes of trading under the single designation of “Common and Variable Voting Shares” of Voyager.

At its annual general and special meeting of shareholders held on December 14, 2021, the shareholders of Voyager approved the amendment of its articles (the “Amended Articles”), as further described in its management information circular dated November 15, 2021 (the “Circular”), in order to, among other things:

• Create and set the terms of a new class of shares of Voyager, being the Variable Voting Shares, including applying coattail terms to such shares; and
• Amend the terms of the existing Common Shares, including without limitation, by amending the requirements on who may hold Common Shares, which is limited to non-US persons, and applying coattail terms to such shares.

Details of the changes in share structure can be found in the Circular, available under Voyager’s profile at www.sedar.com.

In connection with the Amended Articles, Voyager has applied for, and has received certain exemptive relief (the “Decision”) from the Canadian securities administrators to enable its Common Shares and Variable Voting Shares to be treated collectively as if they were a single class for certain purposes, including for take-over bid and early warning reporting purposes and to permit the Company to refer to the variable voting shares as variable voting shares.

A copy of the Circular, the Amended Articles and the Decision are available on SEDAR at www.sedar.com  under Voyager’s profile. 

About Voyager Digital Ltd.
Publicly traded 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 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. 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.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/

 

Voyager Digital Announces Trading Of Common Shares And Variable Voting Shares Under Single Trading Symbol To Commence As Of Market Open On TSX On December 23, 2021

 

Research, News, and Market Data on Voyager Digital

 

NEW YORK, Dec. 20, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce that its amended share structure, overwhelmingly approved at the annual general and special meeting of shareholders held on December 14, 2021, will be reflected in trading effective as of the opening of the Market on the Toronto Stock Exchange on Thursday December 23, 2021. The amendment in share structure was implemented to ensure Voyager’s status as a Foreign Private Issuer and reduce compliance costs. The common shares (“Common Shares”) and its newly implemented variable voting shares (the “Variable Voting Shares”) will begin trading at the market opening on the Toronto Stock Exchange under the single and current ticker “VOYG”. These shares will bear the CUSIP/ISIN number 92919V405/CA92919V405 and will be designated for purposes of trading under the single designation of “Common and Variable Voting Shares” of Voyager.

At its annual general and special meeting of shareholders held on December 14, 2021, the shareholders of Voyager approved the amendment of its articles (the “Amended Articles”), as further described in its management information circular dated November 15, 2021 (the “Circular”), in order to, among other things:

• Create and set the terms of a new class of shares of Voyager, being the Variable Voting Shares, including applying coattail terms to such shares; and
• Amend the terms of the existing Common Shares, including without limitation, by amending the requirements on who may hold Common Shares, which is limited to non-US persons, and applying coattail terms to such shares.

Details of the changes in share structure can be found in the Circular, available under Voyager’s profile at www.sedar.com.

In connection with the Amended Articles, Voyager has applied for, and has received certain exemptive relief (the “Decision”) from the Canadian securities administrators to enable its Common Shares and Variable Voting Shares to be treated collectively as if they were a single class for certain purposes, including for take-over bid and early warning reporting purposes and to permit the Company to refer to the variable voting shares as variable voting shares.

A copy of the Circular, the Amended Articles and the Decision are available on SEDAR at www.sedar.com  under Voyager’s profile. 

About Voyager Digital Ltd.
Publicly traded 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 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. 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.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/