# EDGAR Filing Document

**Accession Number:** 0001788060
**File Stem:** 0001628280-25-031289
**Filing Date:** 2025-6
**Character Count:** 35908
**Document Hash:** e43adbfbd4f4bae7dc7c4d061d675327
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-031289.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001628280-25-031289

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**EFFECTIVENESS DATE**: 20250613

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voyager Technologies, Inc./DE
- **CENTRAL INDEX KEY:** 0001788060
- **STANDARD INDUSTRIAL CLASSIFICATION:** GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 842754888
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288021
- **FILM NUMBER:** 251046344

**BUSINESS ADDRESS:**
- **STREET 1:** 1225 17TH STREET, SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (303) 618-2040

**MAIL ADDRESS:**
- **STREET 1:** 1225 17TH STREET, SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Voyager Space Holdings, Inc.
- **DATE OF NAME CHANGE:** 20190912

**As filed with the Securities and Exchange Commission on June 13, 2025**

**Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**Voyager Technologies, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **84-2754888** |
| **(State or Other Jurisdiction of** <br>**Incorporation or Organization)** | **(I.R.S. Employer** <br>**Identification No.)** |

---

**1225 17th Street, Suite 1100**

**Denver, Colorado 80202**

**(Address of Principal Executive Offices)**

**2020 Incentive Plan**

**2025 Incentive Award Plan**

**2025 Employee Stock Purchase Plan**

**(Full Title of the Plans)**

**Dylan Taylor**

**Chief Executive Officer**

**1225 17th Street, Suite 1100**

**Denver, Colorado 80202**

**(303) 500-6985**

**(Name, Address and Telephone Number, Including Area Code, of Agent for Service)**

***Copies to:***

**Michael Benjamin, Esq.**

**Lewis Kneib, Esq.**

**Latham & Watkins LLP**

**1271 Avenue of the Americas**

**New York, New York 10020**

**(212) 906-1200**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**Proposed sales to take place as soon after the effective date of the registration statement as awards granted under the above-named plans are granted, exercised and/or distributed.**

------

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The documents containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act"). These documents and the documents incorporated by reference into this registration statement pursuant to Item 3 of Part II of this registration statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

*In this registration statement, Voyager Technologies, Inc. is sometimes referred to as "Registrant," "we," "us" or "our."*

**Item 3. Incorporation of Documents by Reference.**

The Securities and Exchange Commission ("SEC") allows us to "incorporate by reference" the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the SEC will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the SEC:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>[The prospectus filed by the Registrant with the SEC pursuant to Rule 424(b) under the Securities Act, dated June 10, 2025 relating to the registration statement on Form S-1, as amended (Registration No. 333-287354); an](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030832/voyager-424b4finalprospect.htm)[d](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030832/voyager-424b4finalprospect.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>[Our Current Report on Form 8-K](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030975/voyager-closing8xkx61225.htm)[, filed](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030975/voyager-closing8xkx61225.htm)[on June 12, 2025](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030975/voyager-closing8xkx61225.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>[The description of the Registrant's Class A common stock set forth in the Registrant's registration statement on Form 8-A12B (File No. 001-](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030581/voyager-form8xa12b.htm)[42694](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030581/voyager-form8xa12b.htm)[,](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030581/voyager-form8xa12b.htm)[filed by the Registrant with the SEC under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on June 10, 2025, including any amendments or reports filed for the purpose of updating such description.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030581/voyager-form8xa12b.htm)</u>

In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing such documents, except as to specific sections of such statements as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement contained herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

Under no circumstances shall any information furnished under Item 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

**Item 4. Description of Securities.**

See the descriptions of the Registrant's Class A common stock and Class B common stock set forth in the Registrant's registration statement on Form S-1, as amended (Registration No. 333-287354).

------

**Item 5. Interests of Named Experts and Counsel.**

Not applicable.

**Item 6. Indemnification of Directors and Officers.**

The Registrant is governed by the Delaware General Corporation Law (the "DGCL"). Section 145 of the DGCL provides that a corporation may indemnify any person, including an officer or director, who was or is, or is threatened to be made, a party to any threatened, pending or completed legal action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person was or is an officer, director, employee or agent of such corporation or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided such officer, director, employee or agent acted in good faith and in a manner such person reasonably believed to be in, or not opposed to, the corporation's best interest and, for criminal proceedings, had no reasonable cause to believe that such person's conduct was unlawful. A Delaware corporation may indemnify any person, including an officer or director, who was or is, or is threatened to be made, a party to any threatened, pending or contemplated action or suit by or in the right of such corporation, under the same conditions, except that such indemnification is limited to expenses (including attorneys' fees) actually and reasonably incurred by such person, and except that no indemnification is permitted without judicial approval if such person is adjudged to be liable to such corporation. Where an officer or director of a corporation is successful, on the merits or otherwise, in the defense of any action, suit or proceeding referred to above, or any claim, issue or matter therein, the corporation must indemnify that person against the expenses (including attorneys' fees) which such officer or director actually and reasonably incurred in connection therewith.

The Registrant's amended and restated certificate of incorporation, which will become effective upon the closing of the Registrant's initial public offering, will authorize the indemnification of its officers and directors, consistent with Section 145 of the DGCL.

Reference is made to Section 102(b)(7) of the DGCL, which enables a corporation in its original certificate of incorporation or an amendment thereto to eliminate or limit the personal liability of a director or officer for violations of the director's fiduciary duty, except (i) for any breach of the director's or officer's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the DGCL, which provides for liability of directors for unlawful payments of dividends of unlawful stock purchase or redemptions (iv) for any transaction from which a director or officer derived an improper personal benefit or, (v) an officer in any action by or in the right of the corporation.

In connection with the initial public offering, the Registrant intends to enter into indemnification agreements with each of its directors and officers. These indemnification agreements may require the Registrant, among other things, to indemnify its directors and officers for some expenses, including attorneys' fees, judgments, fines and settlement amounts incurred by a director or officer in any action or proceeding arising out of his or her service as one of the Registrant's directors or officers, or any of its subsidiaries or any other company or enterprise to which the person provides services at the Registrant's request.

The registrant maintains a general liability insurance policy that covers certain liabilities of its directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers. In any underwriting agreement the Registrant enters into in connection with the sale of Class A common stock being registered in connection with the initial public offering, the underwriters will agree to indemnify, under certain conditions, the Registrant, its directors, its officers and persons who control the Registrant within the meaning of the Securities Act against certain liabilities.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

------

**Item 8. Exhibits.**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| <br>**Exhibit Number** | <br>**Description of Exhibit** | **Form** | **File No.** | **Exhibit** | **Filings Date** | **Filed Herewith** |
| 4.1 | <u>[Amended and Restated Certificate of Incorporation of Voyager Technologies, Inc.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030975/exhibit31-8xk.htm)</u> | 8-K | 001-42694 | 3.1 | June 12, 2025 |  |
| 4.2 | <u>[Amended and Restated Bylaws of Voyager Technologies, Inc.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025030975/exhibit32-8xk.htm)</u> | 8-K | 001-42694 | 3.2 | June 12, 2025 |  |
| 4.3 | <u>[Specimen Stock Certificate evidencing the shares of Class A common stock.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit41-sx1a1.htm)</u> | S-1/A | 333-287354 | 4.1 | June 2, 2025 |  |
| 5.1 | <u>[Opinion of Latham & Watkins LLP.](exhibit51-sx8.htm)</u> |  |  |  |  | X |
| 23.1 | <u>[Consent of Latham & Watkins LLP (included in Exhibit 5.1).](exhibit51-sx8.htm)</u> |  |  |  |  | X |
| 23.2 | <u>[Consent of PricewaterhouseCoopers LLP.](exhibit232-sx8.htm)</u> |  |  |  |  | X |
| 24.1 | <u>[Powers of Attorney (included in the signature pages to this registration statement).](#iec01e4c4ce1d49b6940934b7ac8cb262_207)</u> |  |  |  |  | X |
| 99.1 | <u>[2020 Incentive Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit103-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.3 | June 2, 2025 |  |
| 99.2 | <u>[Form of Stock Option Agreement under the 2020 Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit104-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.4 | June 2, 2025 |  |
| 99.3 | <u>[2025 Incentive Award Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit105-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.5 | June 2, 2025 |  |
| 99.4 | <u>[Form of Restricted Stock Unit Grant Notice and Agreement under the 2025 Incentive Award Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit106-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.6 | June 2, 2025 |  |
| 99.5 | <u>[Form of Stock Option Grant Notice and Agreement under the 2025 Incentive Award Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit107-sx1a1a.htm)</u> | S-1/A | 333-287354 | 10.7 | June 2, 2025 |  |
| 99.6 | <u>[Form of Restricted Stock Agreement under the 2025 Incentive Award Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit108-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.8 | June 2, 2025 |  |
| 99.7 | <u>[2025 Employee Stock Purchase Plan.](https://www.sec.gov/Archives/edgar/data/1788060/000162828025028732/exhibit109-sx1a1.htm)</u> | S-1/A | 333-287354 | 10.9 | June 2, 2025 |  |
| 107 | <u>[Filing Fee Table.](exhibit107-sx8.htm)</u> |  |  |  |  | X |

---

**Item 9. Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)to include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

------

*provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this registration statement is on Form S-8 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement, relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on June 13, 2025.

---

| | |
|:---|:---|
| **VOYAGER TECHNOLOGIES, INC.** | **VOYAGER TECHNOLOGIES, INC.** |
| By: | /s/ Dylan Taylor |
| Name: | Dylan Taylor |
| Title: | Chief Executive Officer |

---

**SIGNATURES AND POWER OF ATTORNEY**

We, the undersigned officers and directors of Voyager Technologies, Inc., hereby severally constitute and appoint Felipe De Sousa and Margaret Vernal, and each of them singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement (or any other registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities held on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Dylan Taylor | Chief Executive Officer and Chairman | June 13, 2025 |
| Dylan Taylor | (Principal Executive Officer) |  |
| /s/ Felipe De Sousa | Chief Financial Officer | June 13, 2025 |
| Felipe De Sousa | (Principal Financial Officer) |  |
| /s/ Lance Weber | Chief Accounting Officer | June 13, 2025 |
| Lance Weber | (Principal Accounting Officer) |  |
| /s/ Matthew Kuta | President and Director | June 13, 2025 |
| Matthew Kuta |  |  |
| /s/ Alan Stern | Director | June 13, 2025 |
| Alan Stern |  |  |
| /s/ Cheryl Shavers | Director | June 13, 2025 |
| Cheryl Shavers |  |  |
| /s/ Gabe Finke | Director | June 13, 2025 |
| Gabe Finke |  |  |
| /s/ Marian Joh | Director | June 13, 2025 |
| Marian Joh |  |  |
| /s/ William Shelton | Director | June 13, 2025 |
| William Shelton |  |  |

---

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Table**

**Form S-8**

(Form Type)

**Voyager Technologies, Inc.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Security<br>Type | Security <br>Class <br>Title | Fee<br>Calculation<br>Rule | Amount<br>Registered(1) | Proposed<br>Maximum<br>Offering<br>Price Per<br>Unit | Maximum<br>Aggregate<br>Offering Price | Fee <br>Rate | Amount of<br>Registration<br>Fee |
| Equity | Class A common stock issuable upon the exercise of outstanding stock options under the Registrant's 2020 Incentive Plan (the "2020 Plan") | 457(h) | 3920816 (2) | $13.87(3) | $54381717.92 | 0.00015310 | $8325.84 |
| Equity | Class B common stock issuable upon the exercise of outstanding stock options outstanding under the 2020 Plan | 457(h) | 549693 (4) | $15.17(5) | $8338842.81 | 0.00015310 | $1276.68 |
| Equity | Class A common stock or Class B common stock reserved for future issuance under the Registrant's 2025 Incentive Award Plan (the "2025 Plan") | 457(h) | 5419327(6) | $62.51(7) | $338762130.77 | 0.00015310 | $51864.49 |
| Equity | Class A common stock reserved for issuance under the Registrant's 2025 Employee Stock Purchase Plan (the "2025 ESPP") | 457(h) | 1100883(8) | $62.51(7) | $68816196.33 | 0.00015310 | $10535.76 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | $470298887.83 |  | $72002.77 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  | N/A |
| Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  | $72002.77 |

---

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement ("Registration Statement") shall also cover any additional shares of Class A common stock or Class B common stock that become issuable under the above-named plans, by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without receipt of consideration that results in an increase to the number of outstanding shares of Class A common stock or Class B common stock, as applicable.

(2) Represents 3,920,816 shares of Class A common stock issuable upon the exercise of options outstanding under the 2020 Plan, with a weighted-average exercise price of $13.87.

------

(3) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act. The proposed maximum offering price per share and the proposed maximum aggregate offering price are based on $13.87 per share, which is the weighted-average exercise price of the outstanding stock options granted under the 2020 Plan being registered.

(4) Represents 549,693 shares of Class B common stock issuable upon exercise of stock options outstanding under the 2020 Plan, at a weighted average exercise price of $15.17 per share

(5) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act. The proposed maximum offering price per share and the proposed maximum aggregate offering price are based on $15.17 per share, which is the weighted-average exercise price of the outstanding stock options granted under the 2020 Plan being registered.

(6) Represents 5,419,327 shares of Class A common stock or Class B common stock (as determined by the plan administrator) reserved for issuance under the 2025 Plan, which number consists of (a) 4,403,533 shares initially available for issuance under the 2025 Plan, and (b) an additional 1,015,794 shares previously reserved but unissued under the 2020 Plan as of the effective date of the 2025 Plan that are now available for issuance under the 2025 Plan. The number of shares of Class A common stock or Class B common stock (as determined by the plan administrator) reserved for issuance under the 2025 Plan will automatically increase on January 1 of each calendar year from January 1, 2026 through (and including) January 1, 2035, by that number of shares equal to the lesser of (i) 5% of the shares of Class A common stock and Class B common stock outstanding on an as-converted basis on the last day of the immediately preceding fiscal year and (ii) such lesser amount as determined by the board of directors of the Registrant. In addition, to the extent that outstanding awards under the 2020 Plan expire, lapse or are terminated, exchanged for or settled in cash, surrendered, repurchased, cancelled without having been fully exercised or forfeited, or are delivered to the Registrant to satisfy the applicable exercise or purchase price of an award and/or any applicable tax withholding obligation with respect to the award, or are purchased on the open market by the Registrant with the cash proceeds from the exercise of options, such shares of Class A common stock or Class B common stock subject to such awards will be available for future issuance under the 2025 Plan. The shares authorized for issuance under the 2025 Plan will be in the form of Class A common stock or Class B common stock (as determined by the plan administrator). As a result, we have registered the maximum number of shares of Class A common stock that could be issued.

(7) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(h) under the Securities Act. The proposed maximum offering price per share and the proposed maximum aggregate offering price are based on the average of the high and low prices of the Registrant's shares of Class A common stock as reported on the New York Stock Exchange on June 11, 2025.

(8) Represents 1,100,883 shares of Class A common stock reserved for issuance under the 2025 ESPP. The number of shares of Class A common stock reserved for issuance under the Registrant's 2025 ESPP will automatically increase on January 1 of each calendar year from January 1, 2026 through (and including) January 1, 2035, by that number of shares of Class A common stock equal to the lesser of (i) 1% of the outstanding shares of Class A common stock and Class B common stock outstanding on an as-converted basis on the last day of the immediately preceding fiscal year and (ii) such lesser amount as determined by the board of directors of the Registrant.

## Exhibit 5.1

**Exhibit 5.1**

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| | | |
|:---|:---|:---|
|  | 1271 Avenue of the Americas<br>New York, New York 10020-1401<br>Tel: +1.212.906.1200 Fax: +1.212.751.4864<br>www.lw.com | 1271 Avenue of the Americas<br>New York, New York 10020-1401<br>Tel: +1.212.906.1200 Fax: +1.212.751.4864<br>www.lw.com |
| ![logoa.jpg](logoa.jpg) | FIRM / AFFILIATE OFFICES | FIRM / AFFILIATE OFFICES |
| ![logoa.jpg](logoa.jpg) | Austin | Milan |
| ![logoa.jpg](logoa.jpg) | Beijing | Munich |
| ![logoa.jpg](logoa.jpg) | Boston | New York |
|  | Brussels | Orange County |
|  | Century City | Paris |
|  | Chicago | Riyadh |
|  | Dubai | San Diego |
|  | Düsseldorf | San Francisco |
|  | Frankfurt | Seoul |
|  | Hamburg | Silicon Valley |
|  | Hong Kong | Singapore |
|  | Houston | Tel Aviv |
|  | London | Tokyo |
|  | Los Angeles | Washington, D.C. |
|  | Madrid |  |

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June 13, 2025

Voyager Technologies, Inc.

1225 17th Street, Suite 1100

Denver, Colorado 80202

Re: <u>Registration Statement on Form S-8</u>

To the addressee set forth above:

We have acted as special counsel to Voyager Technologies, Inc., a Delaware corporation (the "***Company***"), in connection with the preparation and filing by the Company on the date hereof with the Securities and Exchange Commission (the "***Commission***") of a registration statement on Form S-8 (the "***Registration Statement***") under the Securities Act of 1933, as amended (the "***Act***"), relating to the issuance of (i) up to 3,920,816 shares (the "***Class A Option Shares***") of the Company's Class A common stock, $0.0001 par value per share (the "***Class A Common Stock***"), which may be issued upon the exercise of outstanding stock options under the Company's 2020 Incentive Plan (the "***2020 Plan***"), (ii) up to 549,693 shares (the "***Class B Option Shares***") of the Company's Class B common stock, $0.0001 par value per share (the "***Class B Common Stock***"), which may be issued upon the exercise of outstanding stock options under the 2020 Plan, (iii) up to 5,419,327 shares (the "***2025 Plan Shares***") of the Company's Class A Common Stock or Class B Common Stock, which may be issued pursuant to the Company's 2025 Incentive Award Plan (the "***2025 Plan***") and (iv) up to 1,100,883 shares of Class A Common Stock (together with the Class A Option Shares, the Class B Option Shares and the 2025 Plan Shares, the "***Shares***") which may be issued pursuant to the Company's 2025 Employee Stock Purchase Plan (the "***ESPP***," and together with, the 2020 Plan and the 2025 Plan, the "***Plans***"). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.

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**June 13, 2025**<br>**Page 2**<br>

![logoa.jpg](logoa.jpg)

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers, and have been issued by the Company for legal consideration of not less than par value in the circumstances contemplated by the Plans, assuming in each case that the individual issuances, grants or awards under the Plans are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the applicable Plan (and the agreements duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and non-assessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the General Corporation Law of the State of Delaware.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Sincerely,

/s/ Latham & Watkins LLP

## Exhibit 23.2

**Exhibit 23.2**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Voyager Technologies, Inc. of our report dated March 20, 2025, except for the effects of the stock split discussed in Note 2 to the consolidated financial statements, as to which the date is June 2, 2025, relating to the financial statements, which appears in Voyager Technologies, Inc.'s Amendment No. 2 to the Registration Statement on Form S-1 (No. 333-287354).

/s/ PricewaterhouseCoopers LLP

Denver, Colorado

June 13, 2025

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