Voyager Technologies, Inc./DE

Voyager Technologies, Inc. has completed its offering of $402.5 million in aggregate principal amount of 0% Convertible Senior Notes due 2032. The offering, which included the full exercise of the initial purchasers' option for an additional $52.5 million, generated net proceeds of approximately $391.6 million. These proceeds are earmarked for general corporate purposes and to fund capped call transactions designed to mitigate potential dilution. The notes are senior, unsecured obligations with a maturity date of October 15, 2032, and an initial conversion price of approximately $40.82 per share.

Voyager Technologies reported Q2 2026 net sales of $52.7 million, a 15.5% increase year-over-year, but net loss attributable to the company widened to $(46.5) million, up from $(31.4) million in Q2 2025. Basic net loss per share improved to $(0.79) from $(1.23) due to a higher share count. The company's accumulated deficit grew to $476.4 million, and cash and cash equivalents decreased to $373.4 million. Voyager also reincorporated from Delaware to Texas on June 18, 2026.

Voyager Technologies reported record financial results for the second quarter of 2026, with revenue reaching $52.7 million and bookings hitting $113.0 million. The company also achieved a record backlog of $335.5 million and increased its full-year 2026 revenue guidance to $275 million - $305 million. These results were bolstered by the completion of the Astrobotic acquisition and strong execution across its portfolio, despite reporting a net loss of $(46.5) million.

Voyager Technologies, Inc. entered into a Fourth Amendment to its Credit Agreement on July 6, 2026. This amendment increases the aggregate commitments by $50.0 million, bringing the total to $250.0 million. The company also retains an uncommitted accordion feature, allowing for a potential further increase of up to $150.0 million, which could expand the total facility size to $400.0 million. The amendment also includes changes to covenants and other provisions.

Voyager Technologies, Inc. completed its conversion from a Delaware corporation to a Texas corporation, effective June 18, 2026. This redomestication changes the company's governing law and corporate documents to those of Texas, following stockholder approval. The company will continue to operate under its current name, business, and management, with no interruption in stock trading. All outstanding shares automatically converted to shares of the Texas corporation on a one-for-one basis.

Voyager Technologies, Inc. announced an Agreement and Plan of Merger to acquire 100% of Astrobotic Technology, Inc. The acquisition consideration will include shares of Voyager's Class A common stock, comprising both closing shares and contingent earnout shares. Up to 2,031,694 Closing Shares are estimated to be issued, with the final number subject to adjustments. The closing is anticipated in the second half of 2026, pending customary conditions and regulatory approvals. The shares will be issued in reliance on the Section 4(a)(2) exemption and will be restricted securities.

Voyager Technologies, Inc. reported a net loss of $45.9 million for the three months ended March 31, 2026, an increase from $27.9 million in the prior year. The company's cash and cash equivalents decreased to $429.4 million from $491.3 million at year-end 2025, with significant cash used in operating and investing activities. The company also commenced a new facility lease in Long Beach, California, to expand its capabilities.

Voyager Technologies reported its first-quarter 2026 financial results, announcing a record backlog of $275.3 million, a 54% increase year-over-year. The company also raised its full-year 2026 revenue guidance to a range of $230 million to $255 million, reflecting strong growth momentum. Despite a net loss of $(44.0) million, the company highlighted strong bookings, a robust balance sheet with $429.4 million in cash, and significant progress in its Defense and Space Technologies and Starlab Space Stations segments.