VOYAGER DIGITAL CEO WITHDRAWS AUTOMATIC SECURITIES DISPOSITION PLAN
Voyager Digital Ltd. (TSX: VOYG, OTCQB: VYGVF) announced the withdrawal of CEO Stephen Ehrlich's automatic securities disposition plan initially revealed on December 31, 2021. No shares were sold under this plan, which will terminate after 30 days. Ehrlich emphasized that despite the stock's significant floor above the current price, the withdrawal serves the best interests of investors. He expressed optimism about Voyager's valuation and upcoming advancements, including NFT offerings and international expansion.
- CEO withdrew the automatic securities disposition plan, indicating a commitment to shareholder interests.
- Ehrlich believes Voyager is undervalued, suggesting potential for future stock price appreciation.
- Plans for product growth, including NFT offerings and international expansion, could enhance revenue.
- No shares sold under the automatic securities disposition plan, indicating lack of investor confidence.
- CEO's withdrawal may signal underlying issues with the current stock performance.
TSX: VOYG
OTCQB: VYGVF
FRA: UCD2
NEW YORK, Jan. 20, 2022 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQB: VYGVF) (FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced that Stephen Ehrlich, CEO and Director, has withdrawn the automatic securities disposition plan ("ASDP") that was previously announced on December 31, 2021. No shares have been sold under the plan. The ASDP will, in accordance with its terms, terminate 30 days from the date of this press release.
Commenting on the withdrawal, Mr. Ehrlich noted, "Despite having a floor significantly above the current stock price, I felt it was in the best interest of the investors to withdraw the plan." Ehrlich continued, "Based on our key financial metrics, including revenues for the quarter ended December 31, 2021 as disclosed in our press release issued January 5, 2022, I believe Voyager is undervalued and am excited about our product growth and expanded capabilities planned for 2022, including our NFT offering, debit card rollout, international expansion and more.
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.'s (TSX: VOYG) (OTCQB: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 70 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to
To learn more about the company, please visit https://www.investvoyager.com.
The TSX has not approved or disapproved of the information contained herein.
Press Contacts
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com
Voyager Public Relations Team
pr@investvoyager.com
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SOURCE Voyager Digital (Canada) Ltd.
FAQ
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