Voyager Technologies drops on $350 mln convertible debt sale

** Shares of defense and space tech firm Voyager Technologies VOYG.N down 0.7% at $31.18 premarket after clinching capital raise

** Denver, Colorado-based firm late Weds announced pricing private offering of $350 mln 0% convertible bonds due Oct 15, 2032

** Conversion price of $40.82 is 30% premium to stock's last sale of $31.40 on Weds

** VOYG stock sank >16% on Weds after co late Tues launched the offering for general corp purposes

** It intends to use ~$45.7 mln of net proceeds to fund capped call transactions; cap price of $78.50 represents 150% premium to stock's last close

** Through Weds, stock up 20% YTD

** 9 of 11 analysts covering VOYG rate the stock "strong buy" or "buy", 2 rate "sell"; median PT $48, per LSEG