SEC Green-lights Exodus Wallet! The SEC green-lights Exodus wallet, allowing the company to sell shares of its operation!
According to a public statement from Exodus on Thursday: “Exodus Movement, Inc., a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, received notice that the Securities and Exchange Commission has qualified its offering of Class A common stock under Regulation A.”
The shares hit the market last night in the United States and is available through the wallet itself. Exodus, for years, has been available as a desktop wallet for Crypto users. The wallet also hosts a feature that allows users to swap between assets. According to the statement, users can now buy Exodus shares through the app as well.
Exodus filed with the SEC for a Regulation A offering in February, as detailed in its related paperwork.
The stock initially started at $27.42 per unit of Class A common stock. Buyers can buy as little as a single share, or as many as 2,733,229 shares. Investors must be registered with Securitize before buying shares. They can register via Securitize or in the Exodus wallet itself. US residents are the only purchasers, with residents in 3 states locked out – Arizona, Florida, and Texas.
“Exodus is currently exploring partnerships with alternative trading systems (ATS) that could potentially expand the availability of Exodus shares. Exodus intends to make the Class A common stock available for trading on several ATS, including the tZERO ATS within nine months of this offering.”
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