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  "documentTitle": "Voyager Digital | Investor Presentation Deck | 12 slides",
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  "authorName": "Voyager Digital",
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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "KaJ's press releases are a complete fabrication. KaJ has not participated in Voyager's marketing and sale process. KaJ did not sign a confidentiality agreement and was not given access to any confidential information. KaJ did not submit (and to date still has not submitted) an LOI to Voyager. KaJ did not engage in any conversations with Voyager's management team or any of Voyager's advisors regarding deal structure or the closing process and, therefore, the statement regarding \"disagreements\" about deal structure and the closing process are completely fabricated.",
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      "text": "The only communication with KaJ to date are emails from a KaJ principal asking Voyager to publicly acknowledge receipt of an LOI (which, as noted above, would have been false). Voyager responded by inviting KaJ to sign a confidentiality agreement and participate in the process just like every other potential bidder. KaJ ignored Voyager's invitation.",
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      "text": "On July 21, 2022, KaJ announced, via press release, that it rescinded the LOI due to \"disagreements regarding the deal structure and the closing process.\" The press release was published in Bloomberg, Reorg Research, and several other publications.3",
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      "text": "It is unclear what KaJ hopes to gain by the public release of false and misleading statements. But to ensure that these false statements have no impact on the fair and transparent process that Voyager and its advisors are currently engaged in, Voyager believes it is critical to correct the record. Voyager remains steadfast in its restructuring process and continues to work to drive toward a value-maximizing transaction that is beneficial to Voyager's customers and stakeholders.",
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      "text": "On July 11, 2022, KaJ Labs (\"KaJ\") announced, via press release, that it issued a letter of intent (the \"LOI\") to acquire the assets of Voyager Digital Holdings, Inc. (\"Voyager\"). The press release was published in several major news publications, including Bloomberg, Forbes, and Reorg Research.2",
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      "text": "See, e.g., https://www.bloomberg.com/press-releases/2022-07-11/lithosphere-litho-developer-kaj-labs- announces-letter-of-intent-to-acquire-voyager-digital-assets-for-250-million.",
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