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

Digerati Technologies Reports 143% Revenue Growth to $3.777 Million for First Quarter FY2022

Research, News, and Market Data on Digerati Technologies

 

– Non-GAAP Operating EBITDA of $0.691 Million –
– Gross Profit of $2.287 Million –
– Strong Gross Margin Improvement to 60.6% –

SAN ANTONIO, TX (GlobeNewswire) – December 15, 2021 – 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, announced today financial results  for the three months ended October 31, 2021, the Company’s first quarter for its Fiscal Year 2022. 

Key Financial Highlights for the First Quarter Fiscal Year 2022 (Ended October 31, 2021) 

• Revenue increased by 143% to $3.777 million compared to $1.552 million for Q1 FY2021.
•  Gross profit increased 184% to $2.287 million compared to $0.804 million for Q1 FY2021.
•  Gross margin increased to 60.6% compared to 51.8% for Q1 FY2021.
• Non-GAAP Adjusted EBITDA income improved to $0.317 million, excluding all non-cash items and one-time transactional expenses, compared to Adjusted EBITDA income of $0.058 million for Q1FY2021.
• Non-GAAP operating EBITDA (OPCO EBITDA) improved to income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating EBITDA of $0.242 million for Q1 FY2021.

Arthur L. Smith, CEO of Digerati, commented, “I commend our team for continuing to execute successfully on  our plan and delivering on solid financial improvements in our first quarter of FY2022. This is reflected in strong  top-line revenue growth of 143%, an increase in gross margin, and improved Adjusted EBITDA results. With a  solid foundation in Florida and Texas, we believe Digerati is well positioned to continue executing on its business  plan and deliver on organic and acquisition growth in a very fragmented market.” 

Antonio Estrada, CFO of Digerati, stated, “Our financial disciplines remain strong since acquiring Nexogy and  ActivePBX in FY2021. Although most of the integration related to these acquisitions is complete, we continue  to streamline cost structures and integrate systems that we anticipate will result in improved financial results in  the future. We look forward to replicating this type of success with additional targeted and accretive acquisitions.” 

Three Months ended October 31, 2021 Compared to Three Months ended October 31, 2020 

Revenue for the three months ended October 31, 2021 was $3.777 million, an increase of $2.225 million or 143% compared to $1.552 million for the three months ended October 31, 2020. The increase in revenue between  periods is primarily attributed to the consolidation of the closed acquisitions of Nexogy and ActivePBX during  the period. 

Gross profit for the three months ended October 31, 2021 was $2.287 million, resulting in a gross margin of  60.6%, compared to $0.804 million and 51.8% for the three months ended October 31, 2020. The increase in gross margin is primarily due to the addition of high-margin revenue associated with Nexogy’s and ActivePBX’s  UCaaS product line.  

Selling, General and Administrative expenses (excluding legal and professional fees) for the three months ended  October 31, 2021 increased by $0.777 million, or 77%, to $1.788 million compared to $1.011 million for the three  months ended October 31, 2020. The increase in SG&A is attributed to the consolidation of the closed acquisitions  of Nexogy and ActivePBX. 

Operating loss for the three months ended October 31, 2021, was $0.580 million, an improvement of $0.046 million or 7%, compared to $0.626 million for the three months ended October 31, 2020. 

Adjusted EBITDA income for the three months ended October 31, 2021, was $0.317 million, an improvement of  $0.259 million, compared to an adjusted EBITDA income of $0.058 million for the three months ended October 31, 2020. In accordance with SEC Regulation G, the non-GAAP measurement of Adjusted EBITDA has been  reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net  Loss to Adjusted EBITDA” in the financial table included in this press release. 

Of note were the following non-cash expenses associated with the three months ended October 31, 2021. The  Company recognized stock-based compensation and warrant expense of $0.024 million and depreciation and  amortization expense of $0.492 million. Gain on derivative instruments was $4.433 million for the three months ended October 31, 2021. 

Non-GAAP operating EBITDA (OPCO EBITDA) for the three months ended October 31, 2021 improved to  income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating income of $0.242 million for the three months ended October 31, 2020. 

Net income for the three months ended October 31, 2021, was $2.419 million, an increase of $3.145 million, as  compared to a net loss of $0.726 million, for the three months ended October 31, 2020. The resulting Basic EPS  for the three months ended October 31, 2021 was $0.02, as compared to a Basic EPS loss of ($0.01) for the three  months ended October 31, 2020. 

At October 31, 2021, Digerati had $1.646 million of cash. 

Use of Non-GAAP Financial Measurements 

The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to  investors because it is commonly used in the cloud communications industry to evaluate companies on the basis  of operating performance and leverage. Adjusted EBITDA provides an adjusted view of EBITDA that takes into  account certain significant non-recurring transactions, if any, such as impairment losses and expenses associated  with pending acquisitions, which vary significantly between periods and are not recurring in nature, as well as  certain recurring non-cash charges such as changes in fair value of the Company’s derivative liabilities and stock based compensation. The Company also believes that Adjusted EBITDA provides investors with a measure of  the Company’s operational and financial progress that corresponds with the measurements used by management  as a basis for allocating resources and making other operating decisions. Although the Company uses Adjusted  EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes  certain significant operating expenses. Non-GAAP operating EBITDA (OPCO EBITDA) is useful to investors  because it reflects EBITDA for the core operation of the business excluding corporate expenses, non-cash  expenses and transactional expenses. EBITDA, Adjusted EBITDA, and Non-GAAP operating EBITDA are not  intended to represent cash flows for the periods presented, nor have they been presented as an alternative to  operating income or as an indicator of operating performance and should not be considered in isolation or as a  substitute for measures of performance prepared in accordance with accounting principles generally accepted in  the United States of America (“GAAP”). In accordance with SEC Regulation G, the non-GAAP measurements

in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net Loss to Adjusted EBITDA” in the financial table included in this press release. 

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) and Nexogy (Nexogy.com), the Company is meeting the global needs of  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  Cloud™. For more information, please visit www.digerati-inc.com or follow DTGI on LinkedIn, Twitter and  Facebook.  

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 such as anticipated improvement in financial  results and delivering on organic and acquisition growth in a very fragmented market, are reasonable, it can give  no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that  could cause results to differ include, but are not limited to, our inability to source suitable acquisition targets,  failure to execute growth strategies, lack of product development and related market 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. 

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 Technologies Reports 143% Revenue Growth to $3.777 Million for First Quarter FY2022

Research, News, and Market Data on Digerati Technologies

 

– Non-GAAP Operating EBITDA of $0.691 Million –
– Gross Profit of $2.287 Million –
– Strong Gross Margin Improvement to 60.6% –

SAN ANTONIO, TX (GlobeNewswire) – December 15, 2021 – 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, announced today financial results  for the three months ended October 31, 2021, the Company’s first quarter for its Fiscal Year 2022. 

Key Financial Highlights for the First Quarter Fiscal Year 2022 (Ended October 31, 2021) 

• Revenue increased by 143% to $3.777 million compared to $1.552 million for Q1 FY2021.
•  Gross profit increased 184% to $2.287 million compared to $0.804 million for Q1 FY2021.
•  Gross margin increased to 60.6% compared to 51.8% for Q1 FY2021.
• Non-GAAP Adjusted EBITDA income improved to $0.317 million, excluding all non-cash items and one-time transactional expenses, compared to Adjusted EBITDA income of $0.058 million for Q1FY2021.
• Non-GAAP operating EBITDA (OPCO EBITDA) improved to income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating EBITDA of $0.242 million for Q1 FY2021.

Arthur L. Smith, CEO of Digerati, commented, “I commend our team for continuing to execute successfully on  our plan and delivering on solid financial improvements in our first quarter of FY2022. This is reflected in strong  top-line revenue growth of 143%, an increase in gross margin, and improved Adjusted EBITDA results. With a  solid foundation in Florida and Texas, we believe Digerati is well positioned to continue executing on its business  plan and deliver on organic and acquisition growth in a very fragmented market.” 

Antonio Estrada, CFO of Digerati, stated, “Our financial disciplines remain strong since acquiring Nexogy and  ActivePBX in FY2021. Although most of the integration related to these acquisitions is complete, we continue  to streamline cost structures and integrate systems that we anticipate will result in improved financial results in  the future. We look forward to replicating this type of success with additional targeted and accretive acquisitions.” 

Three Months ended October 31, 2021 Compared to Three Months ended October 31, 2020 

Revenue for the three months ended October 31, 2021 was $3.777 million, an increase of $2.225 million or 143% compared to $1.552 million for the three months ended October 31, 2020. The increase in revenue between  periods is primarily attributed to the consolidation of the closed acquisitions of Nexogy and ActivePBX during  the period. 

Gross profit for the three months ended October 31, 2021 was $2.287 million, resulting in a gross margin of  60.6%, compared to $0.804 million and 51.8% for the three months ended October 31, 2020. The increase in gross margin is primarily due to the addition of high-margin revenue associated with Nexogy’s and ActivePBX’s  UCaaS product line.  

Selling, General and Administrative expenses (excluding legal and professional fees) for the three months ended  October 31, 2021 increased by $0.777 million, or 77%, to $1.788 million compared to $1.011 million for the three  months ended October 31, 2020. The increase in SG&A is attributed to the consolidation of the closed acquisitions  of Nexogy and ActivePBX. 

Operating loss for the three months ended October 31, 2021, was $0.580 million, an improvement of $0.046 million or 7%, compared to $0.626 million for the three months ended October 31, 2020. 

Adjusted EBITDA income for the three months ended October 31, 2021, was $0.317 million, an improvement of  $0.259 million, compared to an adjusted EBITDA income of $0.058 million for the three months ended October 31, 2020. In accordance with SEC Regulation G, the non-GAAP measurement of Adjusted EBITDA has been  reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net  Loss to Adjusted EBITDA” in the financial table included in this press release. 

Of note were the following non-cash expenses associated with the three months ended October 31, 2021. The  Company recognized stock-based compensation and warrant expense of $0.024 million and depreciation and  amortization expense of $0.492 million. Gain on derivative instruments was $4.433 million for the three months ended October 31, 2021. 

Non-GAAP operating EBITDA (OPCO EBITDA) for the three months ended October 31, 2021 improved to  income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating income of $0.242 million for the three months ended October 31, 2020. 

Net income for the three months ended October 31, 2021, was $2.419 million, an increase of $3.145 million, as  compared to a net loss of $0.726 million, for the three months ended October 31, 2020. The resulting Basic EPS  for the three months ended October 31, 2021 was $0.02, as compared to a Basic EPS loss of ($0.01) for the three  months ended October 31, 2020. 

At October 31, 2021, Digerati had $1.646 million of cash. 

Use of Non-GAAP Financial Measurements 

The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to  investors because it is commonly used in the cloud communications industry to evaluate companies on the basis  of operating performance and leverage. Adjusted EBITDA provides an adjusted view of EBITDA that takes into  account certain significant non-recurring transactions, if any, such as impairment losses and expenses associated  with pending acquisitions, which vary significantly between periods and are not recurring in nature, as well as  certain recurring non-cash charges such as changes in fair value of the Company’s derivative liabilities and stock based compensation. The Company also believes that Adjusted EBITDA provides investors with a measure of  the Company’s operational and financial progress that corresponds with the measurements used by management  as a basis for allocating resources and making other operating decisions. Although the Company uses Adjusted  EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes  certain significant operating expenses. Non-GAAP operating EBITDA (OPCO EBITDA) is useful to investors  because it reflects EBITDA for the core operation of the business excluding corporate expenses, non-cash  expenses and transactional expenses. EBITDA, Adjusted EBITDA, and Non-GAAP operating EBITDA are not  intended to represent cash flows for the periods presented, nor have they been presented as an alternative to  operating income or as an indicator of operating performance and should not be considered in isolation or as a  substitute for measures of performance prepared in accordance with accounting principles generally accepted in  the United States of America (“GAAP”). In accordance with SEC Regulation G, the non-GAAP measurements

in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net Loss to Adjusted EBITDA” in the financial table included in this press release. 

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) and Nexogy (Nexogy.com), the Company is meeting the global needs of  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  Cloud™. For more information, please visit www.digerati-inc.com or follow DTGI on LinkedIn, Twitter and  Facebook.  

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 such as anticipated improvement in financial  results and delivering on organic and acquisition growth in a very fragmented market, are reasonable, it can give  no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that  could cause results to differ include, but are not limited to, our inability to source suitable acquisition targets,  failure to execute growth strategies, lack of product development and related market 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. 

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 Becomes the Official CryptoCurrency Brokerage Partner of The National Women’s Soccer League

 

Research, News, and Market Data on Voyager Digital

 

Multi-year deal features Voyager-funded crypto accounts for all NWSL players

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, today announced a multi-year agreement with The National Women’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage partner, further extending the league’s global marketing reach, and providing players with direct financial support, crypto education and rewards.

“We are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” said Steve Ehrlich, CEO, and co-founder of Voyager. “We believe strongly in the future of these players and this league, and we can’t wait to get started.”

The partnership calls for a significant amount of Voyager’s investment in the league to be used to fund individual crypto accounts for each rostered player in the NWSL. Each player will be eligible to receive an equal portion of the Voyager-established NWSL players’ fund, deposited in an account accessible via the Voyager app. Voyager will also provide NWSL players with financial education on crypto, including key lessons and tools, to help develop long-term financial growth opportunities for players potentially well after their competitive playing careers have ended.

“I’m thrilled to welcome Voyager to the NWSL’s growing list of partners, each of whom offers our clubs and players crucial support as we continue to build a league where the world’s best players compete,” said Marla Messing, NWSL interim CEO. “Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets.”

As part of the agreement, Voyager will also inaugurate an  NWSL Voyager Player Ambassador roster, featuring one player from each team in the league. Their efforts will include attending educational appearances, creating content, and working with their teammates to manage their Voyager accounts better.

The NWSL will grow to 12 teams in 2022, with the upcoming Expansion Draft for Angel City FC and San Diego Wave FC scheduled to air on CBSSN at 7 p.m. ET on Thursday, Dec. 16, 2021. Two days later, on Dec. 18, the 2022 NWSL Draft presented by Ally will air on the CBS family of networks, beginning at 2 p.m. ET on CBSHQ. Both drafts will be streamed internationally on the NWSL’s Twitch channel.

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 65 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.

About NWSL

The National Women’s Soccer League is the premier women’s professional soccer league in the world featuring national team players from around the globe. The clubs are Angel City FC, Chicago Red Stars, Houston Dash, Kansas City Current, NJ/NY Gotham FC, North Carolina Courage, OL Reign, Orlando Pride, Portland Thorns FC, Racing Louisville FC, San Diego Wave FC, and Washington Spirit. The NWSL’s Official Sponsors include Ally, Budweiser, CBS, Deloitte, Mastercard, Nationwide, Nike, Twitch, Verizon, and Voyager.

Contacts:

Voyager

Patrick Wixted

Patrick.Wixted@Ketchum.com

240-876-8774

NWSL

Kirsten Brierley

kbrierley@nwslsoccer.com

631-617-7093

 

Voyager Digital Becomes the Official CryptoCurrency Brokerage Partner of The National Women’s Soccer League

 

Research, News, and Market Data on Voyager Digital

 

Multi-year deal features Voyager-funded crypto accounts for all NWSL players

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, today announced a multi-year agreement with The National Women’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage partner, further extending the league’s global marketing reach, and providing players with direct financial support, crypto education and rewards.

“We are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” said Steve Ehrlich, CEO, and co-founder of Voyager. “We believe strongly in the future of these players and this league, and we can’t wait to get started.”

The partnership calls for a significant amount of Voyager’s investment in the league to be used to fund individual crypto accounts for each rostered player in the NWSL. Each player will be eligible to receive an equal portion of the Voyager-established NWSL players’ fund, deposited in an account accessible via the Voyager app. Voyager will also provide NWSL players with financial education on crypto, including key lessons and tools, to help develop long-term financial growth opportunities for players potentially well after their competitive playing careers have ended.

“I’m thrilled to welcome Voyager to the NWSL’s growing list of partners, each of whom offers our clubs and players crucial support as we continue to build a league where the world’s best players compete,” said Marla Messing, NWSL interim CEO. “Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets.”

As part of the agreement, Voyager will also inaugurate an  NWSL Voyager Player Ambassador roster, featuring one player from each team in the league. Their efforts will include attending educational appearances, creating content, and working with their teammates to manage their Voyager accounts better.

The NWSL will grow to 12 teams in 2022, with the upcoming Expansion Draft for Angel City FC and San Diego Wave FC scheduled to air on CBSSN at 7 p.m. ET on Thursday, Dec. 16, 2021. Two days later, on Dec. 18, the 2022 NWSL Draft presented by Ally will air on the CBS family of networks, beginning at 2 p.m. ET on CBSHQ. Both drafts will be streamed internationally on the NWSL’s Twitch channel.

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 65 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.

About NWSL

The National Women’s Soccer League is the premier women’s professional soccer league in the world featuring national team players from around the globe. The clubs are Angel City FC, Chicago Red Stars, Houston Dash, Kansas City Current, NJ/NY Gotham FC, North Carolina Courage, OL Reign, Orlando Pride, Portland Thorns FC, Racing Louisville FC, San Diego Wave FC, and Washington Spirit. The NWSL’s Official Sponsors include Ally, Budweiser, CBS, Deloitte, Mastercard, Nationwide, Nike, Twitch, Verizon, and Voyager.

Contacts:

Voyager

Patrick Wixted

Patrick.Wixted@Ketchum.com

240-876-8774

NWSL

Kirsten Brierley

kbrierley@nwslsoccer.com

631-617-7093

The Benefits of a Metaverse Corporate Headquarters

 

There is unlimited “real estate” space and other properties available in the metaverse.  Land, stores, dance clubs, yoga studios, art galleries, and other businesses are being purchased to provide business solutions. The solutions can be used to overcome challenges of distance, travel time, covid concerns, real estate costs, and resource availability in the non-metaverse.

The pandemic gave a reason for many companies to look for workable solutions to replace close interaction. Basic communication with co-workers and employees was available through phone, email, and Zoom meetings, but for companies looking to interact with both employees and customers on a different level, the metaverse is found to provide answers. Platforms such as Cryptovexels powered by Etherium and Decentraland, better known for game and play, are being adopted to buy meeting spaces and conference sites.

One company located in the metaverse is an NFT exchange called Neustreet. The corporate headquarters of Neustreet is a digital metaverse hosted by Cryptovoxels. The digital land purchased by Eric Witschen, the manager of Neustreet, is a place where the company’s five employees can gather. Witschen bought the digital land for 5.75 ether ($13,000 at time of purchase), then invested ten days using the Cryptovexels native building program to layout and design the space.  The company has been meeting since June at the HQ; in the future, the company hopes to host marketing events in the space as well.

The Neustreet corporate HQ and about a half dozen workers are located on a private island in a three-story digital structure with an open floor plan, art galleries for the NFTs, and a venue for exhibitions and events.

The new company has employees based around the world. The land serves a common location where they can meet avatar-to-avatar with the hopes of avoiding issues that can hurt companies where there is no contact with remote workforces.

Another company in the metaverse is ConsenSys Software Inc., the creators of the digital wallet MetaMask. As a result of the pandemic, they hired an architect to build the metaverse headquarters in the shape of their logo. The HQ now exists in Decentraland. The space is equipped with a central amphitheater and floating bar; it spans ten parcels in the platform.

ConsenSys used its corporate HQ as a venue to host its first party in September. The event celebrated the growth of the company’s digital wallet MetaMask. Going forward, ConsenSys expects to meet for virtual drinks, host talks, team and client meetings, and NFT exhibits.

Digital
Land Values

While using virtual land as a meet space is one obvious use, the chief marketing officer of Neustreet, Tony McGuire, said the company’s virtual headquarters could also be used to promote its company. The building, which is located on the only private island in Cryptovoxels, is open to the public, he said. The virtual space can serve as a venue where the company can host collaborative events with other brands or marketing events. “I think it’s just gonna be another line item in a marketing budget in the future,” McGuire said.

As for the digital land asset itself, the prices of digital land have skyrocketed since Witschen bought the company’s parcel in June; he has no plans to sell it.

“We’re actually having our office holiday party there next Friday,” he said.

Take-Away

The metaverse has grown beyond being just a playground. It’s impacting how companies interact with workers and customers – it’s breaking down barriers where distance is no longer a factor.

What does the future hold? Imagine the world and communication without the most basic phone system. In a few years, this may be what it will be like to imagine how we conducted ourselves without a metaverse.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Sports Betting is a Rapidly Growing Market

NFT Fractional Ownership and Metaverse Museums

Why the Metaverse Matters

Microsoft and Facebook are Now All In on the Metaverse

 

Source:

https://consensys.net/blog/events-and-conferences/consensys-first-foray-into-the-decentraland-metaverse/

https://www.cryptovoxels.com/parcels/3203

https://www.cryptovoxels.com/

https://neustreet.com/#neustreet-article

https://fortune.com/2021/12/09/digital-architecture-metaverse-real-estate-300-thousand/

https://fortune.com/2021/12/10/companies-opening-metaverse-headquarters-return-to-work/

 

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	Image Credit: Ivan Radic (flickr)

EV SPAC Activity Accelerated in 2021

 

Electric Vehicle companies are nothing new.  EV history traces back to the early 1900s, with Studebaker entering the market with electric vehicles before pivoting to gas powered vehicles around the time that Ford revolutionized the automotive production process.  In the modern age, General Motors announced the EV1 in the 80s, which did not succeed, but did help launch the battery technology that would lead to today’s widely accepted EVs.

In recent years, Elon Musk has brought some attention to his company Tesla (TSLA), leading to wide adoption of a platform many had dismissed in the past.  With increasing popularity, along with increasing regulation, many conventional gas-powered auto manufacturers have pledged full electric vehicle lineups in the coming years.  Alongside these established manufacturers, numerous EV startups have also entered the market, some as off-shoots of existing vehicle brands.

Below, we take a look at a few EV companies looking to go public through the SPAC process, some new companies; others off-shoots of brands consumers have known for years.

Fisker – Spartan Energy Acquistion Corporation

In late 2020, Fisker Inc. began trading on the NYSE under the ticker symbol FSR following their business merger with Spartan Energy Acquisition Corporation, a special purpose acquisition company sponsored by an affiliate of Apollo Global Management (NYSE: APO).

Fisker Inc. was launched in 2016, and preceded by Fisker Automotive, which existed between 2007 and 2014.  Fisker’s current lineup features the Fisker Ocean, a luxury SUV featuring a 250-350 mile range, with pricing between $38k and $69k, including incentives.

Spartan remains active in the EV space.  Recently Allego Holding B.V., an electric vehicle charging network, announced a business merger with Spartan Acquistiion Corp III (NYSE: SPAQ). Allego also announced a strategic partnership with Nissan to install, operate, and maintain DC fast-charging solutions.

Polestar – Gores Guggenheim

Polestar, a luxury EV brand spun-off from Volvo in 2016 and jointly owned by Volvo and the automaker’s parent company Geely, announced their intentions to go public by merging with Gores Guggenheim (NASDAQ: GGPI).

Polestar currently offers two vehicles (the Polestar 1 and Polestar 2), with three other concept cars nearing production.  They also have started offering fleet and business vehicle programs.  Polestar differs from other EV SPAC start-ups in that they have already sold their products to consumers. 

The intended value of the offering is $20B, which would immediately transform Polestar into one of the world’s largest electric vehicle manufacturers.  The combined company is targeting sales of around 300,000 units by 2025. This ambitious move is aided by $800M raised by Gores Guggenheim, as well as another $250M already raised by investors.

Lucid – Churchill Capital Corp IV

Lucid Group, Inc. (NASDAQ: LCID) went public in July of 2021, completing their merger with Churchill Capital Corp IV.  The company has made a lot of news in that short time, including a recent announcement that the company was being investigated by the SEC over “certain projections and statements” made during the SPAC merger.  On December 20, Lucid is expected to join the Nasdaq-100 Index, according to a company release dated December 13, 2021.

Lucid Motors was originally founded in 2007 as a battery company.  In 2016, they decided to develop a sedan to bring to market, with original plans to deliver the first units to customers in as early as 2018.  Now in 2021, the company’s first production vehicle, the Lucid Air, is available for reservation.  At nearly $80K, including incentives, with an estimated range of over 500 miles, the Air is slated to compete directly with the Tesla Model S.

LiveWire – AEA-Bridges Impact Corp.

Today, iconic motorcycle company Harley-Davidson announced that their electric motorcycle division, LiveWire, will go public via a merger with SPAC company AEA-Bridges Impact Corp., with the resulting company expected to list on the NYSE under ticker symbol LVW.

Harley-Davidson (NYSE: HOG) officially launched the LiveWire brand earlier this year, in May.  Their first offering, the LiveWire One, a $22k, 150-mile range, all-electric motorcycle, made its debut at the International Motorcycle Show just a few months later.

The aforementioned companies represent examples of EV companies going public through the SPAC merger process.  They join an already crowded field of EV start-ups trying to solidify their place in the next chapter of automotive history.  Will only the largest survive?  Or will there be room in the marketplace for more vehicle manufacturers?  Has a shift away from the importance of massive brick and mortal showrooms created space for the smaller players?

As with any investment decision, investing in a SPAC company pre- or post-merger can pose significant risk. Proper due diligence is required before making any investment decision.

 

Suggested Reading:

Analysis of a SPAC

Lifecycle of a SPAC

Why Value Investors Should Research Individual SPACs

Will SPACs Get Recharged on Polestar EV Merger?

 

Sources:

https://www.businesswire.com/news/home/20201029006346/en/Fisker-Inc.-Closes-Business-Combination-Will-Begin-Trading-on-the-NYSE-as-%E2%80%9CFSR%E2%80%9D-on-October-30-2020

https://www.fiskerinc.com/ocean

https://finance.yahoo.com/news/allego-enters-strategic-partnership-nissan-130000201.html

https://www.autoweek.com/news/green-cars/a37792147/polestar-spac-plans-are-a-big-deal/

https://www.polestar.com/us/

https://www.theverge.com/2021/7/26/22594177/lucid-motors-spac-nasdaq-saudi-arabia-ev-startup

https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-joins-nasdaq-100-index

https://www.lucidmotors.com/

https://www.cnbc.com/2021/12/13/harleys-electric-motorcycle-division-to-go-public-via-1point7-billion-spac-deal.html

https://www.livewire.com/news/article?articleId=0

 

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Friday, December 10, 2021

Comtech (CMTL)
Fiscal First Quarter Results In-line

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

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.

1Q22 Results. Revenue of $116.8 million, down from $135.2 million last year, but modestly above management guidance. Adjusted EBITDA of $5.5 million, versus $14.3 million in 1Q21. GAAP EPS loss of $0.43 versus loss of $3.39 and Non-GAAP loss of $0.15 versus net income of $0.15 per share. We had forecast revenue of $115 million, adjusted EBITDA of $3 million, and a GAAP net loss of $0.23 per share.


Bookings/Backlog.  Bookings for the quarter were $86.4 million, or a quarterly book-to-bill of 0.74x. Management continues to expect full year fiscal 2022 b-t-b to exceed 1.0x. Backlog at quarter’s end totaled $628.5 million, up $23 million y-o-y. Revenue visibility is over $1.2 billion …

This 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 Extends Crypto-Based Partnership with NASCAR Driver Landon Cassill in Collaboration with Kaulig Racing

 

Research, News, and Market Data on Voyager Digital

 

Cassill to Drive the No. 10 Voyager Chevrolet in the NASCAR Xfinity Series

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, today announced a two-year extension of its partnership with Landon Cassill in collaboration with Kaulig Racing, which is adding Cassill to its 2022 NASCAR Xfinity Series (NXS) lineup. Cassill will be fully paid with a portfolio of cryptocurrencies that includes Bitcoin (BTC), the Voyager Token (VGX), USD Coin (USDC), StormX (STMX) and Avalanche (AVAX).

“We built a historic partnership with Landon, as the first NASCAR driver to be fully paid in crypto, and continuing this journey with him will be an incredible ride for Voyager,” said Steve Ehrlich, CEO and co-founder of Voyager. “We’re excited about this collaboration with Kaulig Racing and can’t wait to see what is next in Landon’s promising career.”

Cassill will pilot the No. 10 Chevrolet and compete for the 2022 NXS championship alongside reigning champion Daniel Hemric, and Kaulig Racing’s winningest driver, AJ Allmendinger.

“We are really excited to bring Landon Cassill onboard for the 2022 season,” said Chris Rice, president of Kaulig Racing. “Landon has competed in NASCAR’s top series for many years and has brought with him a pivotal partner in Voyager Digital. We are looking forward to this partnership with Voyager and think Landon will be a great asset to our Kaulig Racing family.”

Since 2007, Cassill has 510 starts across all three of NASCAR’s national series, with 176 of those being made in the NXS. Cassill also earned the title of Rookie of the Year in the NXS in 2008 and secured a pole award and five top-10 finishes.

“Continuing my partnership with Voyager Digital and driving for Kaulig Racing is an incredible opportunity for me,” said Cassill. “I have a world-class partner in Voyager and the best support team in the business with Kaulig Racing. I am excited to not only have a shot at winning races, but to bring awareness to crypto and help educate people in a space that I’ve been personally invested in for a number of years.”

In addition to its primary partnership, Voyager is teaming up with the crypto cashback platform StormX (STMX) to raise awareness and drive cryptocurrency adoption and payment solutions provider, Usio, Inc. (NASDAQ: USIO). StormX and Usio will each be featured on the No. 10 Chevrolet during select races this 2022 NXS season. Additionally, beginning at the NXS season opener, the car will sport a redesigned scheme featuring the phrase “Crypto for All”.

For the full list of this season’s NXS races, visit: https://www.nascar.com/nascar-xfinity-series/2022/schedule/

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 65 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.

About Kaulig Racing™

Kaulig Racing™ is a full-time multi-car NASCAR Cup Series (NCS) and NASCAR Xfinity Series (NXS) team, owned by award winning entrepreneur, Matt Kaulig. Established in 2016, Kaulig Racing™ has made the NXS Playoffs consecutively each season since the playoff system started, and made the Championship 4 round in both the 2020 and 2021 seasons. The young team has acquired two NCS charters for the 2022 season, and fields three, full-time NXS entries; the No. 10 Chevrolet driven by Landon Cassill, the No. 11 Chevrolet driven by Daniel Hemric, and the No. 16 Chevrolet driven by AJ Allmendinger. With multiple wins, Kaulig Racing has come to be one of the top competitors on track each weekend. The team made multiple starts in the NASCAR Cup Series (NCS) in 2021 and won its seventh-ever NCS start with AJ Allmendinger’s victory at “The Brickyard” for the Verizon 200 at Indianapolis Motor Speedway. To learn more about the team, visit kauligracing.com.    

About STORMX

StormX is a revolutionary app and Chrome extension that aims to make earning crypto as easy as possible. By offering Crypto Cashback, StormX allows its members to receive crypto rewards when they shop online. Boasting over 4,000,000 downloads across Android and iOS, StormX has paid out over $4m in crypto in 2021 alone. With StormX, both crypto-natives and those who are new to crypto have the opportunity to earn on everyday purchases they were going to make anyway.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to its clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas and Franklin, Tennessee, just outside of Nashville.

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 Extends Crypto-Based Partnership with NASCAR Driver Landon Cassill in Collaboration with Kaulig Racing

 

Research, News, and Market Data on Voyager Digital

 

Cassill to Drive the No. 10 Voyager Chevrolet in the NASCAR Xfinity Series

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, today announced a two-year extension of its partnership with Landon Cassill in collaboration with Kaulig Racing, which is adding Cassill to its 2022 NASCAR Xfinity Series (NXS) lineup. Cassill will be fully paid with a portfolio of cryptocurrencies that includes Bitcoin (BTC), the Voyager Token (VGX), USD Coin (USDC), StormX (STMX) and Avalanche (AVAX).

“We built a historic partnership with Landon, as the first NASCAR driver to be fully paid in crypto, and continuing this journey with him will be an incredible ride for Voyager,” said Steve Ehrlich, CEO and co-founder of Voyager. “We’re excited about this collaboration with Kaulig Racing and can’t wait to see what is next in Landon’s promising career.”

Cassill will pilot the No. 10 Chevrolet and compete for the 2022 NXS championship alongside reigning champion Daniel Hemric, and Kaulig Racing’s winningest driver, AJ Allmendinger.

“We are really excited to bring Landon Cassill onboard for the 2022 season,” said Chris Rice, president of Kaulig Racing. “Landon has competed in NASCAR’s top series for many years and has brought with him a pivotal partner in Voyager Digital. We are looking forward to this partnership with Voyager and think Landon will be a great asset to our Kaulig Racing family.”

Since 2007, Cassill has 510 starts across all three of NASCAR’s national series, with 176 of those being made in the NXS. Cassill also earned the title of Rookie of the Year in the NXS in 2008 and secured a pole award and five top-10 finishes.

“Continuing my partnership with Voyager Digital and driving for Kaulig Racing is an incredible opportunity for me,” said Cassill. “I have a world-class partner in Voyager and the best support team in the business with Kaulig Racing. I am excited to not only have a shot at winning races, but to bring awareness to crypto and help educate people in a space that I’ve been personally invested in for a number of years.”

In addition to its primary partnership, Voyager is teaming up with the crypto cashback platform StormX (STMX) to raise awareness and drive cryptocurrency adoption and payment solutions provider, Usio, Inc. (NASDAQ: USIO). StormX and Usio will each be featured on the No. 10 Chevrolet during select races this 2022 NXS season. Additionally, beginning at the NXS season opener, the car will sport a redesigned scheme featuring the phrase “Crypto for All”.

For the full list of this season’s NXS races, visit: https://www.nascar.com/nascar-xfinity-series/2022/schedule/

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 65 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.

About Kaulig Racing™

Kaulig Racing™ is a full-time multi-car NASCAR Cup Series (NCS) and NASCAR Xfinity Series (NXS) team, owned by award winning entrepreneur, Matt Kaulig. Established in 2016, Kaulig Racing™ has made the NXS Playoffs consecutively each season since the playoff system started, and made the Championship 4 round in both the 2020 and 2021 seasons. The young team has acquired two NCS charters for the 2022 season, and fields three, full-time NXS entries; the No. 10 Chevrolet driven by Landon Cassill, the No. 11 Chevrolet driven by Daniel Hemric, and the No. 16 Chevrolet driven by AJ Allmendinger. With multiple wins, Kaulig Racing has come to be one of the top competitors on track each weekend. The team made multiple starts in the NASCAR Cup Series (NCS) in 2021 and won its seventh-ever NCS start with AJ Allmendinger’s victory at “The Brickyard” for the Verizon 200 at Indianapolis Motor Speedway. To learn more about the team, visit kauligracing.com.    

About STORMX

StormX is a revolutionary app and Chrome extension that aims to make earning crypto as easy as possible. By offering Crypto Cashback, StormX allows its members to receive crypto rewards when they shop online. Boasting over 4,000,000 downloads across Android and iOS, StormX has paid out over $4m in crypto in 2021 alone. With StormX, both crypto-natives and those who are new to crypto have the opportunity to earn on everyday purchases they were going to make anyway.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to its clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas and Franklin, Tennessee, just outside of Nashville.

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 Partners with CoinLedger to Streamline and Simplify Crypto Tax Reporting

Research, News, and Market Data on Voyager Digital

 

Leading Crypto and Tax Platforms Integrate to Give Users Ability to Track Cost Basis and Report Taxes

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, today announced it is partnering with CoinLedger (a rebranding of CryptoTrader.Tax) to facilitate capital gains, losses, and income tax reporting for users.

“We are excited to join forces with the CoinLedger team and be at the forefront of the evolving crypto landscape by bringing a more simplified cryptocurrency tax reporting experience to all Voyager customers. This is one of several initiatives we are rolling out as we continue to stay focused on adding value to the Voyager user ecosystem,” said Steve Ehrlich, CEO and co-founder of Voyager.

The interoperable nature of cryptocurrencies and digital assets, with transfers into and out of platforms such as Voyager, can create tax challenges for users, especially when it comes to tracking cost basis—which is necessary for capital gains tax reporting. CoinLedger, a leading tax-reporting platform for cryptocurrency, DeFi, and NFT users, addresses this by integrating directly with leading exchanges, wallets, and blockchains to allow any cryptocurrency user to track their digital-asset transaction history across the crypto-economy.

Voyager customers will be able to use the CoinLedger platform as early as the upcoming 2021 tax year to import their cryptocurrency transactions and get capital gains, losses, and income reports. These reports can be imported into tax filing software such as TurboTax or sent off to tax professionals to facilitate easier tax filing.

“Voyager is forward-thinking when it comes to user experience,” said David Kemmerer, CEO and co-founder of CoinLedger. “Early on, the Voyager team realized that relying solely on blanket Form 1099 information reporting may not be sufficient to help customers report and file their crypto taxes. We’re excited to bring CoinLedger’s tax reporting solutions to the Voyager ecosystem and further enhance the user experience of the platform by making tracking and filing taxes easier for its customers.”

About Voyager Digital Ltd.

Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded 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 65 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.

About CoinLedger

CoinLedger (a rebranding of CryptoTrader.Tax) enables seamless portfolio tracking and tax reporting for participants of the digital asset economy. Founded in 2017, CoinLedger was built to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as simple as possible. By directly integrating with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity. Whether you’re trading cryptocurrencies, buying and selling NFTs, or staking on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes more straightforward than ever. For more information, visit https://cryptotrader.tax/world-meet-coinledger.

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

CoinLedger

Amy Camp
CoinLedger Communications
202-270-1783  
Amy@CoinLedger.io

 

Voyager Digital Partners with CoinLedger to Streamline and Simplify Crypto Tax Reporting

Research, News, and Market Data on Voyager Digital

 

Leading Crypto and Tax Platforms Integrate to Give Users Ability to Track Cost Basis and Report Taxes

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, today announced it is partnering with CoinLedger (a rebranding of CryptoTrader.Tax) to facilitate capital gains, losses, and income tax reporting for users.

“We are excited to join forces with the CoinLedger team and be at the forefront of the evolving crypto landscape by bringing a more simplified cryptocurrency tax reporting experience to all Voyager customers. This is one of several initiatives we are rolling out as we continue to stay focused on adding value to the Voyager user ecosystem,” said Steve Ehrlich, CEO and co-founder of Voyager.

The interoperable nature of cryptocurrencies and digital assets, with transfers into and out of platforms such as Voyager, can create tax challenges for users, especially when it comes to tracking cost basis—which is necessary for capital gains tax reporting. CoinLedger, a leading tax-reporting platform for cryptocurrency, DeFi, and NFT users, addresses this by integrating directly with leading exchanges, wallets, and blockchains to allow any cryptocurrency user to track their digital-asset transaction history across the crypto-economy.

Voyager customers will be able to use the CoinLedger platform as early as the upcoming 2021 tax year to import their cryptocurrency transactions and get capital gains, losses, and income reports. These reports can be imported into tax filing software such as TurboTax or sent off to tax professionals to facilitate easier tax filing.

“Voyager is forward-thinking when it comes to user experience,” said David Kemmerer, CEO and co-founder of CoinLedger. “Early on, the Voyager team realized that relying solely on blanket Form 1099 information reporting may not be sufficient to help customers report and file their crypto taxes. We’re excited to bring CoinLedger’s tax reporting solutions to the Voyager ecosystem and further enhance the user experience of the platform by making tracking and filing taxes easier for its customers.”

About Voyager Digital Ltd.

Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded 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 65 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.

About CoinLedger

CoinLedger (a rebranding of CryptoTrader.Tax) enables seamless portfolio tracking and tax reporting for participants of the digital asset economy. Founded in 2017, CoinLedger was built to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as simple as possible. By directly integrating with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity. Whether you’re trading cryptocurrencies, buying and selling NFTs, or staking on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes more straightforward than ever. For more information, visit https://cryptotrader.tax/world-meet-coinledger.

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

CoinLedger

Amy Camp
CoinLedger Communications
202-270-1783  
Amy@CoinLedger.io

 

Voyager Digital Reminds Shareholders of Upcoming Annual General Meeting and Provides Instructions on How to Vote in Advance of the Meeting

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) will host its 2021 Annual General and Special Meeting of the Shareholders (the “Meeting”) on Tuesday, December 14, 2021, at 10:00 a.m. (Eastern Standard Time).
 
The Board of Directors of Voyager unanimously recommends Shareholders vote FOR all the proposed resolutions
 
MEETING MATTERS

• To elect the five directors for the coming year.
• To appoint Marcum LLP as Auditor of the Company for the coming year.
• To ratify, affirm and approve the Long Term Incentive Plan until the next general meeting of the Company.
• To adopt a special resolution to approve the proposed amendment of the articles of the Company, to (i) create and set the terms of a new class of shares of the Company, being the variable voting shares; (ii) amend the terms of the common shares of the Company, and (iii) certain housekeeping and administrative changes.
• To approve the shareholder rights plan.

MEETING MATERIALS
Shareholders are encouraged to read the Management Proxy Circular, which can be found on www.sedar.com, or on Voyager’s website at https://www.investvoyager.com/investorrelations/overview.
 
 
YOUR VOTE IS IMPORTANT REGARDLESS OF THE NUMBER OF SHARES YOU OWN
 
 
HOW TO VOTE
Due to the essence of time, shareholders are encouraged to vote online or by telephone. The voting deadline is 10:00 a.m. Eastern time on Friday, December 10th for receiving proxies by mail, online, telephone, and in person. Only Registered Shareholders and duly appointed proxyholders will be able to vote at the meeting.

 

  
SHAREHOLDER QUESTIONS
Shareholders who have any questions regarding the matters of the meeting, or require assistance with voting their shares, should contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at +1 877-452-7184 (North America – toll free) or +1 416-304-0211 (outside North America), or by email at assistance@laurelhill.com.  
 
About Voyager Digital Ltd.

Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded 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 60 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