“The 3AC exposure raises survivability questions for VOYG,” Chris Allen, an analyst with boutique investment bank Compass Point said in a note to clients Wednesday. “With 3AC contemplating asset sales or a rescue by another firm , it is unclear if the fund will be able to repay its outstanding loans and even if it somehow has the capacity to do so, we would expect it to take an extended amount of time.” Allen has a neutral rating on Voyager’s shares along with a price target of $6 (C$8).
Source: https://www.coindesk.com/business/2022/06/22/voyager-digital-requests-loan-repayment-from-3ac-considers-issuing-default-notice/?utm_medium=referral&utm_source=rss&utm_campaign=headlines