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home / news releases / VYGVF - Voyager Digital (VYGVF) - Declaration of CEO Stephen Ehrlich

VYGVF - Voyager Digital (VYGVF) - Declaration of CEO Stephen Ehrlich

Voyager Digital Canada Ltd

First Day. We spent yesterday going through Voyager Digital's Chapter 11 petitions and first day motions. The filings provide an overview of recent events behind the Chapter 11 filing, the current state of the Company, and the Company's efforts to reorganize, both prior to the Chapter 11 filing and its plans for a standalone restructuring.The Cliff Note. According to the Declaration of Voyager CEO Stephen Ehrlich, Voyager faced a short-term "run on the bank" due to the downturn in the cryptocurrency industry generally and the default of the 3AC loan. Ultimately, Voyager filed for chapter 11 relief to protect customers and preserve the value of the business. Read More >>
Stock Information
Company Name: Voyager Digital Canada Ltd
Stock Symbol: VYGVF
Market: OTC
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