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Voyager Digital Provides Market Update

New York, June 27, 2022 / PRNewswire /- Voyager Digital Co., Ltd. (“Voyager” or “Company”) (TSX: VOYG) (OTCQX: VYGVF(FRA: UCD2) today issued a default notice to ThreeArrows Capital (“3AC”) because its operating subsidiary, Voyager Digital LLC, did not make the required payments for the previously disclosed 15,250 BTC loan. Announced that it was issued. $ 350 million USDC. Voyager will pursue recovery from 3AC and is discussing available legal remedies with our advisors.

The platform will continue to work and execute customer orders and withdrawals.Current June 24, 2022Voyager had about US $ 137 million Cash on hand and crypto assets you own.We also have access to previously announced US $ 200 million Alameda Ventures Ltd cash and USDC revolver and 15,000 BTC revolver.

The company has accessed US $ 75 million Of credit lines made available by Alameda May continue to use Alameda Equipment that facilitates customer orders and withdrawals, if needed. 3AC defaults do not cause defaults in contracts with Alameda..

“We are working diligently and swiftly to strengthen our balance sheet and pursue options so that we can continue to meet our clients’ liquidity demands.” Stephen ErichChief Executive Officer of Voyager.

As part of this process, we employ Moelis & Company as financial adviser.

About Voyager Digital Ltd.

Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF(FRA: UCD2) Voyager Digital, LLC, a US subsidiary, united states of america Established in 2018 to bring choice, transparency and cost effectiveness to the market. Voyager provides a secure way to trade over 100 different crypto assets using an easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions to both consumers and merchants around the world. For more information about the company, please visit:

Description of future prospects

Specific information in this press release includes future growth and performance of the business, business momentum, future adoption of digital assets, availability of credit contracts, 3AC defaults and our ability to leverage credit contracts, It may constitute forward-looking information (collectively, forward-looking statements), including our liquidity, our ability to meet customer orders and withdrawals, and our expected outcomes. “May”, “Do”, “Should”, “Expect”, “Expect”, “Plan”, “Estimate”, “Intention”, “Continue”, “Believe” (Or negative), or other similar variations. Forward-looking statements include known and unknown risks, uncertainties, and other factors, and Voyager’s actual results, performance, or outcomes are expressed or implied by forward-looking statements. Results, performance, or outcomes can vary significantly. In addition, we operate in a highly competitive and rapidly changing environment. New risks sometimes arise. It is not possible for our management to predict all risks, and the impact of all factors on our business, or any combination of factors or factors, may include actual results in the future. It is also not possible to evaluate ranges that can be significantly different. -A visual statement that we may make. In light of these risks, uncertainties, and assumptions, future events and trends described in this press release may not occur, and actual results are expected or implied in forward-looking statements. It can be substantially and unfavorably different from what you are doing. There is no guarantee that the funds available under the loan agreement will be available in a timely manner. Also, even if it is available, it is sufficient to protect the customer’s assets together with Voyager’s other assets, and there is no guarantee that Voyager will meet the conditions. Required to draw down under the credit facility. It is unclear how much Voyager can recover from 3AC in a non-payment, and whether the default of 3AC constitutes a default under its credit agreement or any legal remedy available to Voyager in connection with such non-payment or such non-payment. is. Future business, cash flow, liquidity and Voyager outlook as a result of 3AC non-payment. Forward-looking statements are at risk that the global economy, industry, or our business and investments may not function as expected, earnings or cost estimates may not be met, or may be significantly less or more than expected. Being exposed. Those who lend assets to us can repay such loans in full in a timely manner, the momentum of transactions does not continue, or the demand for trading solutions decreases, customer acquisition does not increase as planned, products and international. Risks of non-planned expansion, compliance with laws and regulations that are currently applied to or will be applied to the business, and management discussion and analysis and the Annual Information Form (AIF). Other risks contained in the published documents of. Factors that may cause the actual performance of the Company and its business to differ materially from those stated in such forward-looking statements include drawdowns under the line of credit or inaccessibility of other sources of funding. , Includes, but is not limited to, increases. Customer demands for withdrawal from the platform, bankruptcy or similar procedures for 3AC, decline in digital asset markets, or general economic conditions. Legal changes or regulatory approaches, failed or delayed adoption of digital assets, and institutional blockchain ecosystems. Cryptocurrency volatility changes, Bitcoin and Ethereum demand changes, crypto asset status or classification changes, cyber security breaches, trading business infrastructure development or mandate achievement and traction delays or failures .. Failure to expand assets under management, adverse development of issuers or parties to the transaction, or failure to obtain the required regulatory approvals. Readers should be aware that assets and trading volumes on the platform may fluctuate and may fluctuate from time to time, and such fluctuations are beyond our control. Forward-looking statements, past and present performance and trends do not guarantee future performance. Therefore, do not overly rely on forward-looking statements, current or past performance, or current or past trends. Information that identifies assumptions, risks, and uncertainties related to us is included in the filings with Canadian securities regulators. Forward-looking statements in this press release apply only as of the date of this release or as of the date specified in the relevant forward-looking statements, and we have made forward-looking statements to reflect events or circumstances. We are not obligated to update the description. To reflect the occurrence of an unexpected event after that date or unless required by law. We undertake no obligation to provide up-to-date operational information except as required by law. When we update one or more forward-looking statements, we do not necessarily make additional updates to them or other forward-looking statements, except as required by law. Readers should not rely excessively on past performance or current trends, as past performance does not indicate future performance or current trends in the business, and demand for digital assets may not continue. Please note. There is no guarantee that a transaction intended on a non-binding term sheet will be completed or, if completed, will be carried out under agreed terms. There is no guarantee that the funds available under the loan agreement are available, or even available, sufficient to protect the customer’s assets along with Voyager’s other assets. If a customer’s withdrawal demand exceeds our ability to utilize our available cash and credit lines, we may not be able to meet all customer demands.

TSX has not endorsed or rejected the information contained herein.

Source Voyager Digital Ltd.


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