Senvest Management, LLC and Richard Mashaal have disclosed a significant passive stake in Voyager Technologies, Inc. They report beneficial ownership of 3,880,721 shares of Class A common stock, representing 7.4% of the company’s outstanding shares as of December 12, 2025. The shares are held through investment vehicles including Senvest Master Fund, LP, Senvest Technology Partners Master Fund, LP and Senvest Global (KY), LP.
Senvest Management, LLC is listed as investment manager to these funds, and Richard Mashaal as the managing member of Senvest Management, LLC. They report shared voting and dispositive power over the 3,880,721 shares, with no sole voting or dispositive power. The filing is made on a Schedule 13G/A, and the filers certify the securities were not acquired and are not held for the purpose of changing or influencing control of Voyager Technologies.
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Insights
Passive holder reports a 7.4% stake in Voyager Technologies.
Senvest Management, LLC and Richard Mashaal report beneficial ownership of 3,880,721 shares of Voyager Technologies Class A common stock, equal to 7.4% of the outstanding class as of December 12, 2025. The position is held via several investment vehicles for which Senvest acts as investment manager and Mashaal is the managing member.
The filing uses a Schedule 13G/A format with a certification that the securities were not acquired and are not held to change or influence control of Voyager. That language signals a passive investment intent under the applicable rules, as opposed to an activist or control-focused position typically reported on a Schedule 13D.
Control over the stake is reported as shared voting and shared dispositive power for the full 3,880,721 shares, with no sole power reported. One of the investment vehicles, Senvest Master Fund, LP, is noted as having the right to receive dividends and sale proceeds relating to more than 5% of the class. Future ownership updates, if any, would appear in subsequent beneficial ownership reports.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Voyager Technologies, Inc./DE
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
92892B103
(CUSIP Number)
12/12/2025
(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.
92892B103
1
Names of Reporting Persons
Senvest Management, 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
3,880,721.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,880,721.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,880,721.00
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)
7.4 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: The information reported herein is as of the close of business on December 12, 2025.
SCHEDULE 13G
CUSIP No.
92892B103
1
Names of Reporting Persons
Richard Mashaal
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,880,721.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,880,721.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,880,721.00
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)
7.4 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: The information reported herein is as of the close of business on December 12, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Voyager Technologies, Inc./DE
(b)
Address of issuer's principal executive offices:
1225 17th Street, Suite 1100, Denver, Colorado 80202
Item 2.
(a)
Name of person filing:
This statement is filed by Senvest Management, LLC and Richard Mashaal, with respect to the Class A Common Stock, par value $0.0001 per share (the "Common Stock"), of Voyager Technologies, Inc., a Delaware corporation (the "Company").
The reported securities are held in the account of Senvest Master Fund, LP, Senvest Technology Partners Master Fund, LP and Senvest Global (KY), LP (collectively, the "Investment Vehicles").
Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
Richard Mashaal
c/o Senvest Management, LLC
540 Madison Avenue, 32nd Floor
New York, New York 10022
(c)
Citizenship:
Senvest Management, LLC - Delaware
Richard Mashaal - Canada
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
92892B103
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).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 52,626,738 shares of Common Stock outstanding, which is the difference obtained by subtracting (x) 1,162,477 shares of Common Stock repurchased by the Company on November 12, 2025, as reported in the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission (the "SEC") on November 13, 2025, from (y) 53,789,215 shares of Common Stock outstanding as of October 31, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 4, 2025.
(b)
Percent of class:
7.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Investment Vehicles have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of the shares of Common Stock. Senvest Master Fund, LP has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, more than 5% of the shares of Common Stock.
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 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.
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 percentage of Voyager Technologies (VOYG) does Senvest currently report owning?
Senvest Management, LLC and Richard Mashaal report beneficial ownership of 7.4% of Voyager Technologies’ Class A common stock, based on 52,626,738 shares outstanding as referenced in the filing.
How many Voyager Technologies (VOYG) shares are beneficially owned by Senvest and Richard Mashaal?
They report beneficial ownership of 3,880,721 shares of Voyager Technologies’ Class A common stock, with shared voting and shared dispositive power over all of these shares.
Is Senvest’s stake in Voyager Technologies (VOYG) an activist or passive position?
The investors filed on Schedule 13G/A and certified that the securities were not acquired and are not held for the purpose of changing or influencing control of Voyager Technologies, indicating a passive position.
Who are the reporting persons in the Voyager Technologies (VOYG) Schedule 13G/A?
The reporting persons are Senvest Management, LLC and Richard Mashaal. Senvest Management, LLC is the investment manager to the investment vehicles holding the shares, and Richard Mashaal is its managing member.
Which entities actually hold the Voyager Technologies (VOYG) shares reported in this filing?
The reported securities are held in the accounts of Senvest Master Fund, LP, Senvest Technology Partners Master Fund, LP, and Senvest Global (KY), LP, collectively referred to as the investment vehicles.
Does any Senvest fund hold more than 5% of Voyager Technologies (VOYG) shares?
Yes. The filing states that Senvest Master Fund, LP has the right to receive and direct the receipt of dividends and sale proceeds from more than 5% of Voyager Technologies’ Class A common stock.
What voting and dispositive powers do Senvest and Richard Mashaal report over Voyager Technologies (VOYG) shares?
For each reporting person, the filing shows 0 shares with sole voting or dispositive power and 3,880,721 shares with shared voting and shared dispositive power.
