Voyager Digital Finds Final Outcomes Of Customer Balloting

Voyager Digital Finds Final Outcomes of Customer Balloting

Voyager Digital published a majority of the potentialities voted for the Chapter 11 restructuring thought.
97% of the potentialities, representing 98% of the full claims voted in prefer.
The firm told that extra foremost aspects would be equipped after Thursday’s court listening to.

Voyager Digital, the crypto brokerage firm, declared the closing outcomes of the shopper balloting on the firm’s Chapter 11 thought. The firm launched that a majority of voters polled in prefer of the firm’s restructuring thought, beneath which just a few of its assets would be got by the crypto firm Binance US.

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

Voyager customer balloting on the firm’s chapter 11 thought has concluded and finalized: of folks that participated, 97% of potentialities, representing 98% of the full claims, voted in prefer. (1/2)— Voyager (@investvoyager) February 28, 2023

Per Tuesday’s submitting, the potentialities are accredited to vote both supporting or opposing the firm’s thought. The assertion highlighted the diagram of the Stretto Retention Define, claiming:

The Stretto Retention Define authorizes Stretto to motivate the Debtors with, amongst other things, the provider of solicitation materials and tabulation of votes cast to fair rep or reject the thought, distributing required notices to events in passion, and receiving, declaring, docketing, and otherwise administering the proofs of claim filed within the Debtors’ chapter 11 cases.
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Particularly, 98% of claims represented story holders possessing over $500 million payment of assets, whereas the unsecured claims represented potentialities keeping $3 million payment of assets. Out of these $3 million payment of assets, $2.95 million represents the claims against TopCo and $40,000 against the keeping firm.

In a following tweet, Voyager Digital told that extra foremost aspects relating to the firm’s plans and the outcomes of the potentialities’ pollwould be communicated after the financial anxiety listening to on Thursday; the firm would watch court approval for restructuring the thought.