Voyager’s Asset Sale to Binance US Gains 97% 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
Analysis based on this information:
The announcement that Voyager’s plan to sell assets to Binance US has gained support from 97% of the shareholders is a significant development in the ongoing bankruptcy case. According to reports, Voyager’s lawyer provided an update that the voting process to sell assets to Binance US has garnered a substantial stamp of approval from the company’s shareholders. The outcome is a great relief for Voyager, which had been struggling financially due to the current economic conditions.
The support for the asset sale is the culmination of a process that had been ongoing for quite some time. Binance US had offered to purchase the assets from Voyager, which was in dire need of funds to keep its operations running. The bankruptcy judge, Michael Wiles, had earlier given the go-ahead for the asset sale to proceed, allowing shareholders to vote on the proposal.
Despite the initial uncertainty around the future of the asset sale, the news that 97% of shareholders have supported the proposal has been met with enthusiasm from the market. The asset sale will infuse Voyager with much-needed capital, allowing it to stay afloat during these trying times. Binance US, one of the largest cryptocurrency exchanges globally, stands to gain from the acquisition of the assets.
The confirmation of the plan on 2nd March by Michael Wiles further underscores the importance of the development. The swift resolution of the asset sale plan will bolster Voyager’s liquidity and ensure that it can continue to provide its customers with quality services. Furthermore, it enables Binance US to expand its reach and offer a more robust suite of products to its customers.
In conclusion, the overwhelming support for Voyager’s asset sale to Binance US is a welcome development amidst the uncertainty surrounding the bankruptcy case. It indicates that the deal will go through, and Voyager and Binance US will capitalize on this opportunity to strengthen their operations. The news provides shareholders and customers with the confidence that Voyager will continue to remain a going concern in the foreseeable future.
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