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Exodus shares will also be purchased from the company’s wallet.
Exodus, a cryptocurrency wallet company, recently gained approval from the US Securities and Exchange Commission to sell shares in its business.
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 went on sale in the United States last night and can be purchased via the pocket. Exodus has operated for several years as a desktop wallet for cryptocurrency consumers, compliant with a wide range of digital properties. The wallet also has a tab that allows users to move assets around inside the wallet. According to the announcement, users can now purchase Exodus shares from 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 price of Class A common stock is listed as $27.42 per unit in the Thursday release. Buyers may purchase as little as one share or as many as 2,733,229 shares. “All investors must be registered with the Exodus transfer agent Securitize,” the statement said, referring to two options for registration: via Securitize or directly in the Exodus wallet.
Shares can only be owned by citizens of the United States. People from Arizona, Florida, and Texas, on the other hand, would be unable to partake. The statement went on to say:
“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.”
The mainstreaming of cryptocurrency firms has become a hot topic recently, with Coinbase’s direct listing on the horizon, which is scheduled to take place on April 14.