Exodus wallet for Regulation A stock offering approved by SEC

Exodus wallet for Regulation A stock offering approved by SEC

The United States Securities and Exchange Commission recently gave the Crypto wallet provider Exodus a green light.

A Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, Exodus, received notice that the United States Sec has marked them eligible for their offering of Class A common stock under Regulation A.

The shares hit the market last night in the U.S. and are available through the wallet itself. For many years, Exodus has existed as a desktop wallet for crypto users, compatible with an array of digital assets. The wallet also hosts a feature that allows users to swap between assets within the wallet. Now, according to the statement, users can 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. Regulation A offers a form of exemption under which entities can sell unregistered shares, based on information from Investor.gov.

The Thursday statement notes a price of $27.42 per unit of Class A common stock. Buyers can pick up as little as a single share, or as much as 2,733,229 shares. “All investors must be registered with the Exodus transfer agent Securitize,” the statement noted, pointing toward two avenues for registration: through Securitize or in the Exodus wallet itself.

 

Be the first to comment

Leave a Reply

Your email address will not be published.