Tue, Sep 24, 8:06 PM (88 days ago)
Voyager Acquisition Corp. reported its Q2 2024 financial results, highlighting a net loss of $50,808 for the quarter and a total loss of $102,848 for the six months ending June 30, 2024. The company, which has not yet completed any business combinations, generated no operating revenue, with expenses primarily related to general and administrative costs associated with its Initial Public Offering (IPO). As of June 30, 2024, Voyager had $25,000 in cash and a working capital deficit of $450,229. The company successfully completed its IPO on August 8, 2024, raising gross proceeds of $253 million from the sale of 25.3 million units, alongside a private placement generating an additional $7.7 million. These funds were placed in a trust account for future business combinations. The management noted uncertainties related to market conditions and potential impacts from geopolitical events, which could affect future operations and the ability to complete a business combination. The financial statements reflect a substantial increase in cash and liabilities due to these activities, with a focus on utilizing the raised capital for strategic acquisitions in the coming periods.