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Bullboard - Stock Discussion Forum Voyager Digital Ltd VYGVQ

GREY:VYGVQ - Post Discussion

Voyager Digital Ltd > A nice reward to holders of "Special Warrants"
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Post by HHHAPPY on Apr 16, 2021 5:28pm

A nice reward to holders of "Special Warrants"

I just had a similar [not as large a capital gain] and had h is calculated as =the charge. Not what we  paid.oped to shelter some by cond for the warrantverting in a TSFA. Not so fast! The tax rule is the current  stock price not what we paid! Ce La Guerre.
("Voyager" or the "Company") is pleased to announce the automatic conversion of 6,017,743 special warrants (the "Special Warrants") in the capital of the Company.

In accordance with the terms of the special warrant indenture dated December 15, 2020 between the Company and the special warrant agent (the "Indenture"), each Special Warrant was automatically  converted into 1.1 units of the Company (each, a "Unit"). Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $2.50 until December 15, 2022 being a period of twenty-four months following the date of issuance of the Special Warrants. Of the Units issued on conversion of the Special Warrants, 547,067 Units were issued pursuant to a penalty provision in the Indenture.

About Voyager Digital Ltd.
Voyager Digital Ltd. is a publicly traded holding company whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with a turnkey solution to trade crypto assets. The Voyager Platform provides its customers with competitive price execution through its smart order router and as well as a custody solution on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace.

Comment by HHHAPPY on Apr 16, 2021 5:40pm
sorry for the hashed up  post I didn't prove read wanted to do the tranaction in a TSFA but  rule is PRESENT  price has to be counted. and  room in the TSFA is drASTICALLY CONTROLLED
Comment by nightowl21 on Apr 17, 2021 10:21am
So as I read this holders of these warrants have until dec 2022 to actually convert warrants into shares! Would think many acquirers of these new shares at $2.50...vs market price of 26.00$ will take their profit! ...which will put some selling pressure on stock price....correct??
Comment by Kelly99 on Apr 18, 2021 7:18pm
In theory, there should be no selling pressure on conversion of warrants. In practice, some people, need to borow the purchase price of the conversion, and then sell a small amount of converted shares (in this case, approx 10% ) to fund the acquisition. So, again in theory, we could see about 10% additional shares (of the total amount converted) traded at that time.