Voyager Technologies completed its Initial Public Offering (IPO) on June 12, 2025, raising \(409.4 million net, leading to a cash balance surge to \)413.3 million and substantially strengthening the balance sheet. The company aggressively retired all legacy debt, including Term Loans and Convertible Notes, achieving a debt-free status aside from an undrawn \(200 million revolving Credit Facility. This restructuring flipped Total Equity from a deficit to a surplus of \)618.5 million, primarily funded by a massive increase in Additional Paid-in Capital. All Redeemable Noncontrolling Interests were a
...