Voyager Technologies Stock Drops 14%

Voyager Technologies (VOYG) shares fell 16.33% to $31.40 on plans to raise $350M via convertible notes due 2032, with an option for an additional $52.5M. Proceeds will fund general corporate purposes. The company also delivered critical components for ESA's In-Flight Demonstrator. Hedge fund holdings declined 16% to $188M in Q2, with Riva Senvest as the largest holder.

InnovAge (INNV) shares fell 9.4% in pre-market trading after pricing a 10M share secondary offering at $9.25/share. Jaguar Health (JAGX) dropped 28% after a 1,190% gain the prior day. Voyager (VOYG) declined 6% following a $350M convertible note offering. Other stocks like RML, SBSW, and AU also fell.

Worthington Enterprises (NYSE:WOR) shares rose 15.9% in pre-market trading after reporting Q1 earnings of $0.82 per share, beating estimates of $0.75, and sales of $343.89M, exceeding expectations of $331.27M.

Voyager Technologies (NYSE:VOYG) shares fell 7.67% in after-hours trading on Tuesday. The company plans to raise $350M via convertible debt, with an option for an additional $52.5M. Proceeds will fund growth and acquisitions, and Voyager will use capped calls to limit dilution. The offering equals about 18% of its market value of $2.27B.

Voyager Technologies (VOYG) stock fell 7.0% in after-hours trading to $34.89 after announcing a $350 million convertible senior notes offering due 2032. Investors reacted negatively due to potential dilution. Morgan Stanley lowered its price target to $37, citing profitability challenges. The broader market was flat, offering no support. VOYG closed at $37.53, well below its 52-week high of $52.40.

Voyager Technologies Inc (NYSE:VOYG) shares fell 6.7% after announcing a $350M convertible senior notes offering due 2032. Proceeds will fund capped call transactions and general corporate purposes, including expansion. The notes are senior, unsecured, and may be converted into cash, stock, or a mix. Voyager may redeem the notes starting 2030 under certain conditions.