On December 15, 2020, Voyager Digital Ltd. (CSE: VYGR) (“Voyager”) announced the completion of a private placement of special warrants, raising gross proceeds of $8,050,014 (the “Financing”). The Financing was led by Stifel GMP, as sole agent and bookrunner (the “Agent”).
Pursuant to the Financing, the Company issued special warrants (“Special Warrants”) at a price of $1.50 per Special Warrant. Each Special Warrant will be convertible into one unit of the Company (each, a “Unit”) without payment of any additional consideration upon certain conditions being met. Each Unit will consist of one (1) common share of the Company, (each, a “Common Share”) and one–half of one (0.5) Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each whole Warrant being exercisable to acquire one Common Share (each, a “Warrant Share”) at an exercise price of C$2.50 per Warrant Share for a term of two (2) years following the closing of the Offering.
Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets.
Miller Thomson advised Stifel in the Financing with a team comprising of Lawrence Wilder, Adam Kline, Abid Ahmed, Brandon Meyer, and Desmond Christy (Capital Markets & Securities), and Neil Gurmukh (Tax).