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Voyager Acquisition Corp.(VACH) - 2024 Q4 - Annual Report
VACHVoyager Acquisition Corp.(VACH)2025-03-31 21:13

IPO and Fundraising - The company completed its Initial Public Offering (IPO) on August 8, 2024, raising gross proceeds of 253millionfromthesaleof25,300,000Unitsat253 million from the sale of 25,300,000 Units at 10.00 per Unit[154]. - The private placement associated with the IPO generated an additional 7.665millionfromthesaleof7,665,000units,witheachunitpricedat7.665 million from the sale of 7,665,000 units, with each unit priced at 1.00[154]. - The company has placed 254,265,000fromtheIPOandprivateplacementproceedsintoaTrustAccount,whichisinvestedinU.S.governmenttreasurybills[155].−Adeferredunderwritingcommissionof254,265,000 from the IPO and private placement proceeds into a Trust Account, which is invested in U.S. government treasury bills[155]. - A deferred underwriting commission of 12,045,000 is due upon the completion of the initial Business Combination[173]. Financial Performance - As of December 31, 2024, the company reported a net income of 4,141,371,primarilyfrom4,141,371, primarily from 4,675,702 in income from investments held in the Trust Account[157]. - The company has a cash balance of 668,285heldoutsidetheTrustAccountasofDecember31,2024,whichwillbeusedforoperationalexpensesandidentifyingtargetbusinesses[165].−Thecompanyanticipatesprimaryliquidityrequirementsofapproximately668,285 held outside the Trust Account as of December 31, 2024, which will be used for operational expenses and identifying target businesses[165]. - The company anticipates primary liquidity requirements of approximately 1.425 million for general working capital and other expenses related to business combinations[168]. - The company does not anticipate needing to raise additional funds after the current offering to meet operational expenditures[170]. Operational Status - The company has not engaged in any operations or generated revenues to date, with future income expected only after completing an initial business combination[156]. - The company has not conducted any operations to date, resulting in no quarterly operating data included in the financial statements[171]. - The company may need additional financing to complete the initial business combination or due to significant public share redemptions[170]. Expenses and Financial Obligations - The company expects to incur increased expenses as a public company, including legal, financial reporting, and due diligence costs, following the IPO[156]. - The company has no long-term debt or capital lease obligations, with a monthly payment of $10,000 for office space and administrative support starting from August 8, 2024[172]. - The company may use funds not placed in trust for commitment fees or consultant fees related to target business searches[169]. Risks and Uncertainties - The company may face adverse impacts on its operations from economic uncertainties, including inflation and geopolitical instability[158]. - Management's estimates and assumptions could lead to material differences in reported financial results[174]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[175]. - There are no critical accounting estimates disclosed as of December 31, 2024[174]. - As of December 31, 2024, the company did not have any off-balance sheet arrangements or commitments[171].