Voyager’s Asset Sale to Binance Receives Overwhelming Support from Shareholders
According to reports, Voyager\’s lawyer said that up to now, 97% of the votes have supported Voyager\’s plan to sell assets to Binance. US, and the voting proces…
According to reports, Voyager’s lawyer said that up to now, 97% of the votes have supported Voyager’s plan to sell assets to Binance. US, and the voting process has only a few hours left. Michael Wiles, the bankruptcy judge in charge of the case, said that the plan would be confirmed on March 2.
Voyager lawyer said that 97% of creditors had voted to sell Voyager to Binance.US
Interpretation of the news:
The news reports suggest that the majority of Voyager’s shareholders have voted in favor of the company’s plan to sell its assets to Binance US. According to Voyager’s lawyer, the voting process is almost complete, and 97% of the votes have supported the company’s asset sale decision. During the voting process, the shareholders had the option to accept or reject the plan, and it appears that the majority of them have approved it.
If the deal goes through, Voyager will be selling its assets worth almost $9 million to Binance US. This is a crucial move as it would allow the company to repay its creditors and emerge from bankruptcy. The sale of assets also aligns with Voyager’s efforts to restructure its business and focus on its core strengths, including its brokerage services.
The asset sale process is currently under the supervision of Judge Michael Wiles, the bankruptcy judge handling the case. He has set March 2 as the date on which he will confirm the plan. If the Judge approves the plan, then this would be a significant turning point for Voyager, allowing the company to resolve its bankruptcy issues and get a fresh start.
The overwhelming support from the shareholders for the asset sale to Binance US indicates that Voyager has taken a smart decision in the face of bankruptcy challenges. This demonstrates shareholders’ confidence in the company’s ability to turn its fortunes around and move towards a sustainable recovery.
In conclusion, Voyager’s asset sale decision to Binance US has received strong support from its shareholders, and it looks like a positive step forward for the company. The bankruptcy judge’s confirmation of the plan on March 2 will determine the next steps in the restructuring process. If successful, the move would allow Voyager to repay its creditors and regain financial stability, paving the way for a bright future ahead.
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