BUZZ-Voyager Technologies shares fall after issuing $350 millions in convertible bonds

September 24 - ** Defense and aerospace technology company Voyager Technologies (VOYG.N) saw its pre-market share price drop 0.7% to $31.18 after completing a financing round

** The company, based in Denver, Colorado, announced late Wednesday (link) that it has set the private placement price for its $350 million zero-coupon convertible bonds due on October 15, 2032

** The conversion price of $40.82 represents a 30% premium over Wednesday's closing price of $31.40

** On Wednesday, VOYG shares fell 16% after the company announced the launch of the bond offering late Tuesday (link), with the proceeds to be used for general corporate purposes

** The company plans to use approximately $45.7 million of net proceeds to fund capped call transactions; the capped price of $78.50 represents a 150% premium over the most recent closing price

** As of Wednesday, the stock has gained 20% so far this year

** According to LSEG data, among the 11 analysts covering VOYG, 9 rate it as "strong buy" or "buy," and 2 rate it as "sell"; the median price target is $48

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