Voyager Acquisition Corp. received an updated large-holder report showing that investment firms managed by LMR collectively beneficially own 1,042,000 Class A Ordinary Shares. As of December 31, 2025, this stake represents about 4.1% of the company’s outstanding Class A shares.
The shares are held through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, each directly owning 521,000 Class A shares. Each fund also holds warrants to purchase 544,500 additional Class A shares at an exercise price of $11.50, exercisable after Voyager completes its initial business combination.
LMR reports shared voting and dispositive power over all 1,042,000 shares, with no sole voting or dispositive power. The percentage ownership is based on 25,300,000 Class A shares outstanding as of November 14, 2025, as reported in Voyager’s Form 10-Q.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Voyager Acquisition Corp.
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G93A7H104
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR Partners LLP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR PARTNERS Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR Partners AG
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR PARTNERS (DIFC) Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
LMR Partners (Ireland) Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
IRELAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
Ben Levine
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
CUSIP No.
G93A7H104
1
Names of Reporting Persons
Stefan Renold
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,042,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,042,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,042,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Voyager Acquisition Corp.
(b)
Address of issuer's principal executive offices:
131 Concord Street, Brooklyn, New York, 11201
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the shares of Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), previously held by certain funds; and
(ii) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities previously held by certain funds.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.
(c)
Citizenship:
LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. LMR Partners (Ireland) Limited is a limited company incorporated in Ireland. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP No.:
G93A7H104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Investment Adviser
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
As of December 31, 2025:
The Class A Ordinary Shares beneficially owned by the Reporting Persons are directly held by LMR Multi-Strategy Master Fund Limited ("LMR Master Fund") and LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"). Each of LMR Master Fund and LMR CCSA Master Fund directly holds 521,000 Class A Ordinary Shares, with a total of 1,042,000 Class A Ordinary Shares in the aggregate (the "LMR Shares").
In addition to the LMR Shares, each of LMR Master Fund and LMR CCSA Master Fund also directly hold warrants to purchase 544,500 Class A Ordinary Shares ("Warrants"). The Warrants have an exercise price of $11.50 per Class A Ordinary Share and are exercisable 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation.
(b)
Percent of class:
As of December 31, 2025:
The Class A Ordinary Shares held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 2.1% and the LMR Shares in the aggregate represent approximately 4.1% of the outstanding Class A Ordinary Shares, based on 25,300,000 Class A Ordinary Shares of the Issuer outstanding as of November 14, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of December 31, 2025, each of the Reporting Persons had sole power to vote or direct the vote of 0 Class A Ordinary Shares.
(ii) Shared power to vote or to direct the vote:
As of December 31, 2025, each of the Reporting Persons had shared power to vote or direct the vote of 1,042,000 Class A Ordinary Shares.
(iii) Sole power to dispose or to direct the disposition of:
As of December 31, 2025, each of the Reporting Persons had sole power to dispose or to direct the disposition of 0 Class A Ordinary Shares.
(iv) Shared power to dispose or to direct the disposition of:
As of December 31, 2025, each of the Reporting Persons had shared power to dispose or to direct the disposition of 1,042,000 Class A Ordinary Shares.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does LMR report in Voyager Acquisition Corp. (VACH)?
LMR-managed entities report beneficial ownership of 1,042,000 Voyager Class A Ordinary Shares, representing about 4.1% of the class. This percentage is calculated using 25,300,000 Class A shares outstanding as of November 14, 2025, from Voyager’s Form 10-Q.
Which LMR funds hold Voyager Acquisition Corp. (VACH) shares?
Voyager shares are directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd. Each fund owns 521,000 Class A Ordinary Shares, giving a combined total of 1,042,000 shares beneficially owned by the LMR reporting group.
What percentage of Voyager (VACH) does LMR’s position represent?
LMR’s 1,042,000 Class A Ordinary Shares represent approximately 4.1% of Voyager’s outstanding Class A shares. The figure is based on 25,300,000 Class A Ordinary Shares outstanding as of November 14, 2025, as disclosed in Voyager’s Form 10-Q.
Does LMR hold Voyager (VACH) warrants in addition to shares?
Yes. Each of LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd directly holds warrants to purchase 544,500 Voyager Class A Ordinary Shares. The warrants are exercisable at $11.50 per share starting 30 days after Voyager’s initial business combination.
What voting and dispositive power does LMR report over Voyager (VACH) shares?
The reporting persons disclose zero sole voting or dispositive power over Voyager shares. Instead, each reporting person has shared voting and shared dispositive power over 1,042,000 Class A Ordinary Shares as of December 31, 2025, reflecting coordinated control over the position.
Why is Voyager Acquisition Corp. (VACH) ownership reported on Schedule 13G/A?
The filing is a Schedule 13G/A, used for passive ownership reporting. LMR certifies the Voyager securities were acquired and are held in the ordinary course of business, not to change or influence control of the issuer, consistent with Schedule 13G requirements.
