Voyager Technologies, Inc. (VOYG) — Reincorporation detail

Announcement

2026-04-17

First SEC disclosure

Meeting / Vote

2026-05-29

SCHEDULED

Effective

—

Legal effective date

Market Cap

$2.4B

At announcement

Why this firm matters

Vote scheduled for 2026-05-29; results pending.

Controller & ownership

DE FACTO CONTROLLERIndividual Defacto Controller

Dylan Taylor (Chairman and CEO; holds all Class B Common Stock with 15 votes/share — 61.8% of total voting power) holds approximately 61.8% of voting power. Effective controller under Delaware/common-law definition though not strict listing-rule (>50%) controlled.

Source: Voyager Technologies, Inc., DEF 14A (Apr. 17, 2026); accession 0001628280-26-025842

Vote outcome — reincorporation proposal

Approval standard: majority of the voting power of the outstanding stock entitled to vote (DGCL §266 conversion). Meeting type: annual.

Vote totals not yet pulled. Awaiting EDGAR Item 5.07.

Event-study abnormal returns — announcement window

Returns around the announcement date.

Event date: 2026-04-17 · Estimation window: trailing 240 days; 212 valid after NaN drop

Specification	Day-0 AR	Inference
Market model (SPY benchmark) HEADLINEi	-7.01%	Patell-z p-value = 0.168

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

Vote window CARs not yet computed (vote on 2026-05-29).

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: raw p = 0.168, Romano-Wolf adjusted p = 1.000, BH-FDR adjusted p = 0.966. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Texas Statutory Adoptions

Status: N/A pending reincorporation.

The Texas opt-in statutory regimes (TBOC §21.552 / SB 29 derivative threshold; TBOC §21.373 / SB 1057 shareholder-proposal threshold) are available only to firms that are nationally listed Texas corporations. Voyager Technologies, Inc. is not yet Texas-incorporated; the move is pending shareholder vote with a proposed effective date of TBD. These adoptions can be elected only on or after the firm's TX effective date.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

Source filings pending EDGAR backfill. No primary-source filings are presently linked in the canonical record for this firm. Until backfill completes, see SEC EDGAR company browse (CIK 0001788060) → for the live filings list.

Classification & audit trail

Bucket

Panel eligibility

PANEL_E_DE_baseline

Audit status

EDGAR_LOOKUP_NEEDED

Source confidence

—

Transaction status

APPROVED_PENDING_EFFECTIVE

Audit notes

Effective date present but no Accession URL in v6 rev78; retrieve from EDGAR. [2026-04-29] phase5x: bucket 'A' -> 'D' (post-SB29 future-vote firm; future meeting date in dataset; should be pending until vote completes); Decision #2 per Shane 2026-04-29
[2026-04-29] v3.83: ENABLED — flag 0→1. Virtual annual meeting May 29, 2026; Class A 53.4M (1-vote) + Class B 5.8M (15-vote); CEO Dylan Taylor controls Class B = 61.8% voting power (effectively dispositive).
[2026-05-26 v6-rev84] Controller field CORRECTED per external reviewer adjudication. Previously listed BlackRock (passive 5.02% institutional holder) which was wrong. Actual controller per VOYG DEF 14A Apr 17 2026: Dylan Taylor, Chairman/CEO, holds all Class B Common Stock with 15 votes/share = 61.8% of total voting power. NYSE-controlled-company exemption applies. Reviewer 3 (Grok) triple-verified against EDGAR primary source.