Exodus finally receives approval from the SEC to sell the shares of operations that are available through the wallet itself. Founded in 2015, the Crypto wallet provider is trusted by investors for using the platform as a desktop wallet which simplifies the compatibility with an array of digital assets. Exodus Files Regulation A With the SEC According to a public statement from the crypto wallet company 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 wallet entertains features like swapping between the assets within the wallet. From the latest statement, it is clear that users can buy the company shares through the online application as well. Exodus filed Regulation A in February this year, as detailed in its related paperwork. Regulation A extends a form of exemption that declares that the entities can sell unregistered shares, based on information from Investor.gov. In the Thursday statement, the price shown is $27.42 per unit of Class A common stock. Buyers can pick in the range of the smallest amount possible for a single share to as much as 2,733,229 shares. The only condition included is that “All investors must be registered with the Exodus transfer agent Securitize.” Shares are Only Available to the U.S. Residents According to the statement, Arizona, Florida, and Texas folks cannot participate in the purchase as the shares are only available to U.S. residents. The statement further adds that: “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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