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Published on May 8, 2024 • 2 minutes reading time
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OMAHA, Neb., May 8, 2024 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (OTCQX: EXOD) (the “Company” or “Exodus”) today announced that it has been informed by NYSE American that the exchange has postponed the Company’s listing pending the Securities and Exchange Commission’s review of the Company’s listing Exodus has completed its Registration Statement, effective April 28, 2024. NYSE American previously informed Exodus that its Class A common shares, $0.000001 par value (the “Common Shares”) have been approved for listing and are expected to begin trading on May 9. 2024.
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The Company may reconsider listing on a national securities exchange at a later date once the SEC staff has completed its review of the registration statement. Until such time, the Company’s common stock will continue to trade on OTC Markets’ OTCQX exchange under the symbol “EXOD.” The company’s current shareholders do not need to take any action.
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CEO JP Richardson shared: “While we are surprised and confused by this last-minute decision, we remain confident that the SEC will fulfill its commitment to treat us as the law requires.” Exodus has been there throughout the process fully transparent and responsive and we expect a quick resolution to this matter. In the meantime, we will continue to provide the best possible service and value to our customers and shareholders.”
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Exodus Investor Relations
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About Exodus
Exodus is on a mission to help the world exit the traditional financial system. Founded in 2015, Exodus is a multi-asset software wallet that prioritizes design to make cryptocurrencies and digital assets easy for everyone. Available on desktop, mobile, and browser, Exodus allows users to secure, manage, and exchange cryptocurrencies like Bitcoin, Ethereum, and more across more than 10,000 industry-leading asset pairs through a beautiful, easy-to-use wallet. The self-management feature is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their assets. For more information, visit exodus.com.
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Disclosure Information
Exodus uses the following as a means of disclosing material non-public information and complying with the disclosure requirements of Regulation FD: websites exodus.com/investors and exodus.com/blog; press releases; public videos, calls and webcasts; and social media: Twitter (@exodus_io and JP Richardson’s feed @jprichardson), Facebook, LinkedIn and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expects,” “would,” “intends,” “believes” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, management’s statements regarding confidence in our products, services, business performance and plans, and certain business metrics. These statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and could cause actual results or performance to differ materially and adversely. These forward-looking statements speak only as of the date they are made. We disclaim any obligation to update these forward-looking statements.
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