05:55 PM EDT, 06/18/2024 (MT Newswires) -- Voyager Acquisition (VACH) said Tuesday it is selling 26.1 million units at a price of $10 apiece in its initial public offering.
The blank-check company said each unit comprises one class A ordinary share and one-half of one redeemable warrant, with each warrant exercisable at $11.50 per share, according to a regulatory filing.
The underwriters have a 45-day overallotment option to acquire up to 3.9 million additional units.
Voyager Acquisition said its sponsor, Voyager Acquisition Sponsor Holdco, Cantor Fitzgerald, and Odeon Capital Group have committed to acquire about 7.2 million warrants at a price of $1 each in a private placement that will close simultaneously with the closing of the IPO.
The company plans to list its units on the Nasdaq Global Market under the symbol VACHU, while its class A shares and warrants are expected to be listed under the respective symbols VACH and VACHW, according to the filing.
Voyager Acquisition said it may pursue an initial business combination target in any industry or geographic region.