Voyager Digital Ltd. (CNSX:VYGR) acquired Coinify ApS for $85.3 million on August 2, 2021. Under the terms, Voyager will pay $16.3 million in cash and will issue 5.1 million newly issued shares of Voyager of which 1.5 million shares are subject to a lock-up agreement which provides that they may only be sold 30 days after the closing date, 3,281,250 shares are subject to a lock-up period ending on the earlier on 12 months from the closing date and the date Voyager Digital is listed on NASDAQ while 318,750 of the shares will be issued 12 months from the closing date. As part of the agreement, Voyager Digital will retain $5.5 million of cash on the Coinify balance sheet. Voyager will retain substantially all current Coinify employees, entering into employment agreements with key members of the management team. Fort Capital Partners acted as financial advisor to Voyager. Krisztian Toth, and Daniel Fuke of Fasken Martineau DuMoulin LLP, Marc Paul and Lawrence Lee of Baker & McKenzie LLP and Mads Ilum, Kristian Lykkeholm Klausen, Matias Nordmann, Gustav Weismann Lund, Sofie Krogshede Nielsen and Peter Brask Tind of Accura Advokataktieselskab acted as legal advisors to Voyager. Chris Reyniers of Keefe, Bruyette, & Woods, Inc. and Ben Tompkins and Johnny Luke of Stifel Financial Corp. (NYSE:SF) acted as financial advisor to Coinify. Bruun & Hjejle acted as legal advisors to Coinify.

Voyager Digital Ltd. (CNSX:VYGR) completed the acquisition of Coinify ApS on August 2, 2021.