Exodus Wallet gets the SEC approval for Regulation A stock offering
After getting approval from SEC, you can buy Exodus shares through its wallet.
Exodus which is a crypto wallet provider is happy to announce that SEC has authorized it to sell its shares of operation, so users can start purchasing them any time now.
“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.” announced Exodus on Thursday.
Exodus is not new in the world of crypto. They have been around for long as desktop crypto wallets and they cover many crypto assets. Within the wallet, you can also swap assets and now you can also buy the company’s shares.
What is regulation A offering and why is it significant?
Regulation A offers a perk and that according to Investor.gov. is selling “unregistered” shares for which Exodus had applied earlier in February.
$27.42 was the price stated for each unit of the Class A common stock on Thursday and the statement says “All investors must be registered with the Exodus transfer agent Securitize,” and suggests two ways to register; Securitize or in the Exodus wallet itself.
"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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