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August 9, 2022
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Exodus may issue shares – confirms the SEC –

The maker of the popular cryptocurrency wallet Exodus recently received approval from the US Securities and Exchange Commission (SEC) to sell its shares.

The Exodus issues its shares

According to public statement The Exodus, which was published on Thursday, “Exodus Movement, Inc., a Delaware-based corporation that has developed a leading non-trust cryptocurrency software platform, has received notification that the Securities and Exchange Commission has approved its offer. [emisji] ordinary class A shares. “

The shares hit the US market last night and are available through the portfolio itself.

Recall that Exodus has been on the market for many years as a desktop wallet and mobile application for cryptocurrency users and is compatible with many digital assets. The wallet also supports a feature that allows users to exchange resources within the application itself. Now, according to the statement, users can buy stocks through the same software as well

Exodus filed an application with the SEC to issue shares under Regulation A in February 2021. This provision offers a form of exemption whereby entities can sell unregistered shares based on information provided on Investor.gov.

exodus Share price

A price of $ 27.42 per share was quoted in Thursday’s announcement. Buyers can buy just one share or even 2,733,229 shares. As highlighted in the statement, “All investors must register with the Exodus Securitize Transfer Agent.” The document indicates two ways of registration: via securitization or with the Exodus wallet alone.

US Residents may only purchase Shares. However, US residents from Arizona, Florida and Texas are not allowed to participate in the trial. The statement also added that the company “Is currently examining a partnership with alternative trading venues (ATS) that could potentially increase the availability of shares.” The Company reportedly intends to make its Class A common stock available to a wider range of investors. This is supposed to take place “Within nine months” from now.

It is worth adding that the shares of Coinbase, one of the largest cryptocurrency exchanges, will also soon appear on the market.

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