Voyager Digital to Acquire Crypto Payment Company Coinify in $84M Deal

Under the deal, Coinify investors will be issued 5.1 million Voyager shares and $15 million in cash.

By Jamie Crawley

Aug 2, 2021 at 1:44 p.m. UTC

Updated Sep 14, 2021 at 1:34 p.m. UTC

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Cryptocurrency broker Voyager Digital said it agreed to buy crypto payment company Coinify in a deal valued about $84 million in stock and cash.

The acquisition will provide Canadian Securities Exchange (CSE)-listed Voyager with a route into the crypto payment industry thanks to the Coinify platform's presence in Europe, Asia and the Americas, the company said Monday.
Under the deal, Coinify investors will be issued 5.1 million Voyager shares, worth about US$69 million, and US$15 million in cash. The shares closed Friday at C$16.9 (US$13.57).
Voyager will retain the $5.5 million of cash on Coinify's balance sheet.
Of the 5.1 million shares, just over 3.28 million will be subject to a lock-up period lasting either 12 months from the closing date or until Voyager is listed on Nasdaq, whichever is earlier, the company said.
No further information was offered by Voyager on a Nasdaq listing. Reference to it was made in this announcement purely as it relates to the share lockup, a Voyager spokesperson told CoinDesk.

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