Latest news with #DylanTaylor
Business Wire
3 days ago
- Business
- Business Wire
Voyager Closes $200 Million Credit Facility
DENVER--(BUSINESS WIRE)--Voyager Technologies Inc. (Voyager), a global leader in defense technology and space solutions, closed a $200 million syndicated credit facility led by J.P. Morgan. Net proceeds allow Voyager to continue to scale its defense, national security and space solutions businesses in support of customer demand. 'Our credit facility, led by J.P. Morgan and other well-known financial institutions, further bolsters our liquidity and demonstrates Voyager's strong financial position in the defense and space technology sectors,' said Dylan Taylor, chairman and chief executive officer, Voyager Technologies. Effectiveness of the commitments and availability of funds under the syndicated credit facility are subject to the terms of the credit agreement. About Voyager: Voyager Technologies, Inc. (Voyager) is a defense and space technology company committed to advancing and delivering transformative, mission-critical solutions. By tackling the most complex challenges, Voyager aims to unlock new frontiers for human progress, fortify national security, and protect critical assets from ground to space. For more information visit: Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release, including statements relating to the expected benefits from the syndicated credit facility, Voyager's access to funds thereunder and Voyager's mission statement and growth strategy, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Voyager intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Voyager's use of forward-looking terminology such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' 'estimate,' 'believe,' 'continue,' 'seek,' 'objective,' 'goal,' 'strategy,' 'plan,' 'focus,' 'priority,' 'should,' 'could,' 'potential,' 'possible,' 'look forward,' 'optimistic,' or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including, but not limited to those discussed in the section entitled 'Risk Factors' in Voyager's Registration Statement on Form S-1/A filed with the SEC on June 2, 2025, as any such factors may be updated from time to time in Voyager's other filings with the SEC. Such risks and uncertainties could cause actual results to differ materially from those projected or such statements are not intended to be a guarantee of Voyager's performance in future periods. Except as required by law, Voyager does not undertake any obligation to update or revise any forward-looking statements contained in this press release.
Yahoo
3 days ago
- Business
- Yahoo
Voyager Closes $200 Million Credit Facility
DENVER, June 04, 2025--(BUSINESS WIRE)--Voyager Technologies Inc. (Voyager), a global leader in defense technology and space solutions, closed a $200 million syndicated credit facility led by J.P. Morgan. Net proceeds allow Voyager to continue to scale its defense, national security and space solutions businesses in support of customer demand. "Our credit facility, led by J.P. Morgan and other well-known financial institutions, further bolsters our liquidity and demonstrates Voyager's strong financial position in the defense and space technology sectors," said Dylan Taylor, chairman and chief executive officer, Voyager Technologies. Effectiveness of the commitments and availability of funds under the syndicated credit facility are subject to the terms of the credit agreement. About Voyager: Voyager Technologies, Inc. (Voyager) is a defense and space technology company committed to advancing and delivering transformative, mission-critical solutions. By tackling the most complex challenges, Voyager aims to unlock new frontiers for human progress, fortify national security, and protect critical assets from ground to space. For more information visit: Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release, including statements relating to the expected benefits from the syndicated credit facility, Voyager's access to funds thereunder and Voyager's mission statement and growth strategy, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Voyager intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Voyager's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," "seek," "objective," "goal," "strategy," "plan," "focus," "priority," "should," "could," "potential," "possible," "look forward," "optimistic," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including, but not limited to those discussed in the section entitled "Risk Factors" in Voyager's Registration Statement on Form S-1/A filed with the SEC on June 2, 2025, as any such factors may be updated from time to time in Voyager's other filings with the SEC. Such risks and uncertainties could cause actual results to differ materially from those projected or such statements are not intended to be a guarantee of Voyager's performance in future periods. Except as required by law, Voyager does not undertake any obligation to update or revise any forward-looking statements contained in this press release. View source version on Contacts Investor Relations Contactinvestors@ Media ContactNickell Communications for Voyager:voyager@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
3 days ago
- Business
- Business Journals
Zin Technologies parent Voyager aims to raise $316M in IPO
Story Highlights Voyager Technologies aims to raise $274-316 million in IPO. Voyager owns 67% of Starlab, replacing ISS in 2029. Voyager-owned Zin Technologies is Northeast Ohio's tie to Starlab. A Denver-based space company vying to replace the International Space Station hopes to generate between $274.2 million and $316.4 million in its initial public offering, the company revealed in new IPO documents Monday. Voyager Technologies, which filed its preliminary prospectus with the U.S. Securities and Exchange Commission on May 16, said it expects to offer its shares with a midpoint price of $27.50 per share, or between $26 to $29 each. The company plans to sell 11 million shares of its stock, it said. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events When it goes public, Voyager's stock will be sold on the New York Stock Exchange under the ticker symbol VOYG. The company is the majority owner of Starlab, a commercial space station currently meant to launch in 2029 to replace the International Space Station, which is expected to reach the end of its operational lifespan in 2028. Zin Technologies in Middleburg Heights has long been Northeast Ohio's tie to Starlab. Voyager acquired Zin Technologies in 2023 because of its "storied history" of working with NASA for more than 50 years on projects including the International Space Station but has since laid off about 150 Zin workers. In its most recent filings, Voyager said it would use the proceeds to invest in itself: growth initiatives, general corporate purposes, debt payments, administrative expenses, research and development programs, and pursuing mergers and acquisitions. Voyager's founder and CEO Dylan Taylor predicted in 2021 that the company would go public. The U.S. Government is by far Voyager's biggest customer. Depending on the quarter, anywhere from 68.7% to 88.2% of the company's funding comes from government contracts. Since its founding in 2019, it's been awarded roughly $800 million in contracts and Space Act Agreements. 25.6% of its revenue came exclusively from NASA by the end of 2024. Last year, Voyager Technologies made $144.2 million in revenue alongside a net loss of $65.6 million. It owns 67% of Starlab, a joint venture with Airbus, which owns 30.5%. Palantir, which designed the station's operating system, Mitsubishi and MDA Space own the rest of the joint venture. Starlab is set to be launched by SpaceX's Starship. Unlike the ISS, which was assembled piece by piece in orbit with multiple launches, Starlab will be fully built on Earth and launched in a single rocket. This cuts down on the cost, as launches are hideously expensive, but a single launch presents its own risks, according to the prospectus. Voyager projected Starlab to cost $2.8 billion to $3.3 billion to develop. NASA already contributed a Space Act Agreement worth $217.5 million to the project, though $70.3 million of those funds have yet to be delivered, according to the prospectus. In 2024, the company's revenue was split roughly in half between its space and defense wings. Its biggest customers and partners are NASA, the U.S. Air Force, Palantir, Lockheed Martin, Airbus and the U.S. Air Force. As of March, the company employed 514 people across 10 locations, with a significant chunk of the workforce in San Diego and Washington, D.C. Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting Cleveland.
Yahoo
11-05-2025
- Yahoo
Bicyclist killed following collision with garbage truck
ATHERTON, Calif. - A bicyclist was killed after colliding with a garbage truck Wednesday morning in Atherton, city officials said. The crash occurred around 7:40 a.m. when the garbage truck was driving southbound on Middlefield Road and turning right onto Prior Lane when it collided with the bicyclist, who was riding southbound in the designated bike lane. The bicyclist, identified as Menlo-Atherton High School football coach Dylan Taylor, according to the Mercury News, was taken to a nearby hospital where he died, police said. Atherton Police Chief Steven McCulley acknowledged the accident, calling it a tragic incident. What they're saying "On behalf of the entire Police Department team and the Town of Atherton, I extend our heartfelt condolences to the family, friends, and loved ones of the victim. No words can ease the pain of such a devastating loss, but please know that our thoughts are with you during this incredibly difficult time," McCulley said. He said the department is investigating the circumstances leading up to the accident. Drugs and alcohol are not suspected to be factors in the crash. McCulley also said officers will be increasing enforcement action along the corridor where the collision occurred "to bring more attention to bicycle, pedestrian, and vehicle safety" and that the department will provide more education for the community about bike, pedestrian, and vehicle safety. "I want to assure our community that we take this tragedy seriously. We must all work together — Town departments, private partners, and residents — to help ensure that such a preventable loss does not happen again," McCulley said. It's unclear if the garbage truck driver worked on behalf of the City of Atherton. KTVU reached out to Menlo-Atherton High School and Sequoia Union School District, but did not hear back in time before publication.
