Since FTX Group has filed for Chapter 11 protection, Voyager Digital Ltd. (“Voyager” or the “Company”) (OTC Pink: VYGVQ) (FRA: UCD2) has announced that it is assessing its strategic options with the assistance of the Voyager Official Committee of Unsecured Creditors (UCC), which represents the interests of the general unsecured creditors.

Voyager and FTX US’s no-shop clause in their Asset Purchase Agreement is now null and void.

Voyager has therefore reopened the company’s bidding process and is currently in contact with alternative bidders. All the while, Voyager and the UCC have been working diligently to find an alternate plan of reorganisation that will maximise the value delivered to consumers and other creditors.

Voyager did not give FTX US any assets as part of the planned deal. As part of the auction procedure, FTX US put up a $5 million “good faith” deposit that is currently being kept in trust.

Source: Prnewswire