Voyager, FTX inform Court of termination of asset purchase agreement
Voyager and FTX US have informed the Court about the termination of their asset purchase agreement. This happens about a month after FTX and a number of its subsidiaries filed for Chapter 11 bankruptcy in Delaware.
In a document filed with the New York Southern Bankruptcy Court, Voyager and FTX US say they have engaged in arm’s length discussions regarding the Asset Purchase Agreement in light of the FTX Bankruptcy.
The parties agree that the Asset Purchase Agreement is terminated.
Voyager and FTX agree that Voyager will be entitled to continue to hold the $5 million good-faith deposit provided by WRI to Voyager pursuant to the terms of the Bidding Procedures subject in all respects to the rights, claims and defenses of WRI and the Debtors.
Each Party reserves any and all rights, claims and defenses against the other Party, including without limitation, arising out of termination of the Asset Purchase Agreement and the Deposit.
December 10, 2022 @ 4:31 pm
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December 10, 2022 @ 6:53 pm
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