Voyager (CSE:VYGR), a crypto brokerage firm that provides retail and institutional investors with trading solutions, announced Monday that it intends to raise roughly $1.8 million (CAD $2.43 Million) through a private placement.
According to the recent announcement, Voyager plans to issue an additional 3,037,500 shares at a price of CAD $0.80 per share — CAD $0.20 higher than the current share price — for continued product development, working capital and general corporate purposes.
“This investment, the expertise and continued support from our private placement participants will be invaluable as we continue to execute upon our expanded product offering,” said Voyager CEO Stephen Ehrlich. “We expect to continue our investment in services and products that more effectively serve those holding and investing crypto-assets, and further establish Voyager as a pioneer of the industry.”
The capital comes with the addition of a new investor, Thrust Capital, which is led by active blockchain investor Enzo Villani.
Villani added in the announcement, “Steve and his team are experienced executives with solid track-records in financial technology and trading. We look forward to our partnership with Voyager.”
Last week, Voyager was listed on the Canadian Securities Exchange (CSE), having previously been listed on the Toronto Venture Exchange in February. Voyager opted for the reverse takeover route to go public, acquiring all of the shares of Voyager Digital Holdings, Inc.
Investors interested in trying the fee-free Voyager app can do so through this link (use code: SLUDGE25).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.