Voyager Acquisition Corp Unit

Voyager Acquisition Corp Unit (VACH) reported net income of $9.0 million for fiscal year 2025, driven primarily by total other income of $10.8 million, which included interest income of $11,000, income from investments held in Trust Account of -$10.8 million, and an unrealized gain on those investments of $159,000. This positive result occurred despite an operating loss of -$1.8 million stemming from general and administrative expenses of $1.8 million. The company's balance sheet shows total assets of $270.1 million, predominantly composed of $269.9 million in investments and cash held in a Trust Account. Total liabilities were $13.3 million, resulting in a shareholders' deficit of -$13.1 million. Cash flow from operations was negative at -$486,000, while financing activities provided $255.6 million in cash, mainly from gross IPO proceeds of $253.0 million and private placement proceeds of $7.7 million. The filing indicates the company is a special purpose acquisition corporation (SPAC) with its capital held in trust pending a business combination.

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