Space tech firm Voyager falls after announcing $300 mln convertible bonds offering

Voyager Technologies

05/11/2025 21:30

** Shares of Voyager Technologies VOYG.N down 3.7% post-market to $25.33 as it looks to raise capital five months after its public debut

    ** Denver, Colorado-based co announces private offering of $300 mln 5-yr convertible bonds (CBs)

** Co to use portion of net offering proceeds to support expansion through organic growth and strategic acquisitions

** It intends to use proceeds to pay cost of capped calls, derivative transactions employed to help mitigate potential dilution

** The mission-critical space and defense technology solutions provider's stock opened at $69.75 on Jun 11 after approx $383 mln IPO priced at $31

** VOYG stock on Weds fell 5.6% to close at $26.29

** Co has ~$1.6 bln market cap

    ** 4 of 5 analysts covering VOYG rate the stock "strong buy" or "buy", 1 rates "hold"; median PT is $46, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))