Voyager Technologies sells $402.5 million of 0% convertible notes due 2032
Voyager Technologies issued $402.5 million of 0% convertible senior notes due October 15, 2032, on September 28, 2026, including $52.5 million from the initial purchasers' full option exercise. The company reported net proceeds of approximately $391.6 million and plans to use about $52.5 million to fund capped call transactions, with the rest for general corporate purposes. Holders can convert into cash, Class A common stock, or a mix, which could dilute existing shareholders if the notes are converted into shares.
Key points
- Principal: $402.5 million, including $52.5 million from the full exercise of the initial purchasers' option
- Initial conversion price of approximately $40.82 per share, a premium of about 30% over the $31.40 close on September 23, 2026
- Capped calls have a cap price of $78.50 per share and cost approximately $52.5 million
- Net proceeds of approximately $391.6 million; the notes mature October 15, 2032
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.