Voyager Technologies sinks on planned convertible debt deal

Voyager Technologies

23/09/2026 17:42

** Shares of defense and space tech firm Voyager Technologies VOYG.N sink 16.6% to $31.30, a seven-week low, on Weds as co looks to raise capital
** VOYG stock on track for record daily pct decline since Jun 2025 IPO
** Denver, Colorado-based firm late Tues announced it's offering privately $350 mln convertible bonds due Oct 15, 2032
** It intends to use net proceeds for general corp purposes, and some to fund capped call transactions to mitigate potential dilution
** With move on the session, shares down ~20% YTD
** Co had roughly $2.3 bln market cap through Tues close
** Of 11 analysts covering VOYG, 9 rate the stock "strong buy" or "buy", 2 rate "sell"; median PT $48, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))