Voyager Digital Reveals Remaining Outcomes of Buyer Voting

• Voyager Digital revealed a majority of the purchasers voted for the Chapter 11 restructuring plan.
• 97% of the purchasers, representing 98% of the full claims voted in favor.
• The corporate instructed that additional particulars could be supplied after Thursday’s courtroom listening to.

Voyager Digital, the crypto brokerage firm, declared the ultimate outcomes of the shopper voting on the corporate’s Chapter 11 plan. The corporate introduced {that a} majority of voters polled in favor of the corporate’s restructuring plan, underneath which a few of its property could be acquired by the crypto agency Binance US.

On March 1, Voyager Digital shared a Twitter thread, revealing that “97% of consumers, representing 98% of the full claims, voted in favor”:

Based on Tuesday’s submitting, the purchasers are permitted to vote both supporting or opposing the corporate’s plan. The assertion highlighted the intention of the Stretto Retention Order, claiming:

The Stretto Retention Order authorizes Stretto to help the Debtors with, amongst different issues, the service of solicitation supplies and tabulation of votes forged to simply accept or reject the plan, distributing required notices to events in curiosity, and receiving, sustaining, docketing, and in any other case administering the proofs of declare filed within the Debtors’ chapter 11 instances.

Notably, 98% of claims represented account holders possessing over $500 million value of property, whereas the unsecured claims represented prospects holding $3 million value of property. Out of those $3 million value of property, $2.95 million represents the claims in opposition to TopCo and $40,000 in opposition to the holding firm.

In a following tweet, Voyager Digital instructed that additional particulars concerning the corporate’s plans and the consequences of the purchasers’ ballot could be communicated after the chapter listening to on Thursday; the corporate would search courtroom approval for restructuring the plan.