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Xlife Sciences discloses 16.3% Veraxa (VRXA) stake after business combination

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Xlife Sciences AG reports beneficial ownership of 23,029,967 Veraxa Biotech Holding AG ordinary shares, representing 16.3% of the class. These shares were acquired in a multi-step business combination among Voyager Acquisition Corp., Veraxa entities and PubCo, which was later renamed Veraxa Biotech AG.

Xlife holds sole voting and dispositive power over these shares and characterizes the position as an investment. Its stake is subject to a Voting, Support and Lock-Up Agreement that restricts transfers of certain shares for a period after closing. Company shareholders may also receive up to 5,000,000 additional earnout shares if Veraxa’s volume‑weighted average price meets specified price hurdles of $11.00, $12.50 and $14.00 by year-end 2026, 2027 and 2028, respectively.

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Insights

Xlife discloses a 16.3% Veraxa stake with earnout-linked upside.

Xlife Sciences AG now holds 23,029,967 Veraxa ordinary shares, or 16.3% of the company, with sole voting and dispositive power. The position stems from a completed business combination between Voyager Acquisition Corp. and Veraxa entities, after which the surviving PubCo adopted the Veraxa Biotech AG name.

The filing highlights a Voting, Support and Lock-Up Agreement that limits transfers of certain shares for a period after closing, which can temporarily reduce free float. It also describes contingent earnout consideration of up to 5,000,000 additional shares for company shareholders, tied to share price performance.

The earnout triggers require the stock’s volume-weighted average price to reach $11.00, $12.50 and $14.00 for 20 out of 30 trading days before December 31, 2026, 2027 and 2028. Future disclosures may clarify how much of the earnout is ultimately issued, which would affect overall ownership distribution.

Shares beneficially owned 23,029,967 shares Ordinary shares beneficially owned by Xlife Sciences AG
Ownership percentage 16.3% of class Percent of Veraxa ordinary shares represented by Xlife’s holdings
Earnout share pool 5,000,000 shares Aggregate potential Earnout Shares for company shareholders
First VWAP hurdle $11.00 VWAP target for 20 of 30 trading days before December 31, 2026
Second VWAP hurdle $12.50 VWAP target for 20 of 30 trading days before December 31, 2027
Third VWAP hurdle $14.00 VWAP target for 20 of 30 trading days before December 31, 2028
Business Combination closing date June 8, 2026 Closing date of the business combination creating current structure
Business Combination Agreement financial
"Business Combination Agreement provides for, among other things, the Initial Merger"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
Voting, Support and Lock-Up Agreement financial
"party to that certain Voting, Support and Lock-Up Agreement among SPAC, the Company"
Earnout Shares financial
"the right to receive an aggregate of up to 5,000,000 additional PubCo Ordinary Shares (the "Earnout Shares")"
Earnout shares are company stock promised to sellers as part of an acquisition that only becomes payable if the acquired business hits agreed future performance targets, like revenue or profit goals. They matter to investors because they can increase the number of shares outstanding (dilution), tie seller incentives to future success, and create uncertainty about the actual cost of the deal and future ownership unless the performance conditions are clearly understood.
volume-weighted average price ("VWAP") financial
"the volume-weighted average price ("VWAP") of the PubCo Ordinary Shares equals or exceeds $11.00"
Volume-weighted average price (VWAP) is the average price a stock has traded at over a day, where each price is weighted by how many shares changed hands at that price — like calculating the average cost per item but giving larger purchases more influence. Investors and traders use VWAP as a benchmark to judge whether trades were executed at favorable prices and to guide large orders so they don’t move the market too much.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
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H9130A111

(CUSIP Number)
Carl von Halem
TALACKER 35,
ZURICH, V8, 8001
0000000000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/10/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(7) The shares reported in this Schedule 13D as beneficially owned by Xlife Sciences AG (the "Reporting Person") were acquired upon the closing of a business combination between Voyager Acquisition Corp. ("Voyager") and Veraxa Biotech AG ("Veraxa"; such transaction with Voyager, the "Business Combination") on June 8, 2026 (the "Closing Date"), pursuant to a Business Combination Agreement by and among Voyager, Veraxa, Veraxa Biotech AG ("PubCo"), Veraxa Cayman Merger Sub ("Merger Sub"), and Oliver Baumann, solely in his capacity as shareholder representative, Voyager merged with and into Merger Sub, with Merger Sub being the surviving company and a wholly owned subsidiary of PubCo. Following, Veraxa merged with and into PubCo, with PubCo being the surviving company. Following the consummation of the Business Combination, PubCo changed its name to "Veraxa Biotech AG" (the "Issuer").


SCHEDULE 13D


Xlife Sciences AG
Signature:/s/ Xlife Sciences AG
Name/Title:Carl von Halem, Chief Financial Officer
Date:06/15/2026

FAQ

How many Veraxa Biotech (VRXA) shares does Xlife Sciences own?

Xlife Sciences AG beneficially owns 23,029,967 Veraxa Biotech ordinary shares. This stake gives Xlife sole voting and dispositive power over the shares and represents 16.3% of Veraxa’s outstanding ordinary share class.

What percentage of Veraxa Biotech (VRXA) does Xlife Sciences control?

Xlife Sciences controls 16.3% of Veraxa Biotech’s ordinary shares. The filing shows beneficial ownership of 23,029,967 shares, with sole voting and sole dispositive power over the entire reported position.

How did Xlife Sciences acquire its Veraxa Biotech (VRXA) stake?

Xlife Sciences acquired its Veraxa stake through a business combination. Voyager Acquisition Corp. and Veraxa entities completed a multi-step merger, after which the surviving PubCo was renamed Veraxa Biotech AG, issuing the shares to Xlife.

Are there lock-up restrictions on Xlife Sciences’ Veraxa (VRXA) shares?

Yes. Xlife is party to a Voting, Support and Lock-Up Agreement. It agreed, among other terms, not to transfer certain PubCo ordinary shares for a specified period following the acquisition closing, subject to defined exceptions.

What earnout shares are tied to the Veraxa Biotech (VRXA) merger?

Company shareholders may receive up to 5,000,000 earnout shares. These are issuable if Veraxa’s volume-weighted average price reaches $11.00, $12.50 and $14.00 for specified trading-day periods before December 31, 2026, 2027 and 2028.

Does Xlife Sciences plan further transactions in Veraxa Biotech (VRXA) shares?

Xlife states it acquired the shares for investment purposes and may buy more or sell some in the future. Any actions will depend on market conditions, Veraxa’s performance, share price and other investment considerations.