Voyager Stock Tanks After Hours — Here's Why

Voyager Technologies, Inc. (NYSE: VOYG) experienced a 7.67% decline in after-hours trading, dropping to $34.65 per share, following the announcement of a $350 million convertible senior notes offering due in 2032. The offering, which could increase to $402.5 million if the initial purchasers exercise their option, is intended to fund organic growth and strategic acquisitions. This move represents about 18% of Voyager's market value of approximately $2.27 billion. The company reported $373.4 million in cash and cash equivalents at the end of the second quarter.