Wed, Aug 14, 8:41 PM (153 days ago)
On August 12, 2024, Voyager Acquisition Corp. completed its initial public offering (IPO), raising $253 million by selling 25.3 million units at $10 each, including an over-allotment option. Each unit consists of one Class A ordinary share and half a redeemable warrant, exercisable at $11.50 per share. The proceeds are held in a trust account, accessible only under specific conditions, such as completing a business combination within 24 months or shareholder-approved amendments. The IPO involved several material agreements, including underwriting and warrant agreements with Cantor Fitzgerald & Co. Additionally, Voyager executed private placements for 5.04 million warrants to its sponsor and 2.63 million to underwriters, generating an additional $7.66 million. The company is classified as an emerging growth entity and has opted out of extended transition periods for new accounting standards. The financial position is bolstered by the trust account funds, which will support future business combinations or shareholder redemption. This IPO positions Voyager Acquisition Corp. for strategic growth opportunities in the market.