Voyager Digital announced in a blog post published today that it has extended the timeline for its offering and configuration processes.
Normally, the final bids would be made today. The company extended this date until September 6th.
Voyager Digital Extends Offer Date
Voyager has extended the deadline for bids to be made until September 6. The following statements were included in the statement:
Offers to Voyager may be in the form of suggestions for firm restructuring and assistance with restructuring. Once all offers have been submitted, the company will examine which offer provides the most benefits for customers and creditors. Offers can vary significantly depending on the level of assistance in restructuring in terms of the amount they offer.
Although bidders are normally kept confidential, FTX and partner company Alameda publicly announced their bid after Voyager’s bankruptcy. This gave rise to various comments that FTX did not respect the bidding process.
FTX CEO Sam Bankman-Fried said he sees this as an effort to provide early liquidity:
Voyager announced in July that it had filed for Chapter 11 bankruptcy.