Exodus Movement, the software developer behind the Exodus Wallet for Bitcoin, has received approval to list its common stock on the New York Stock Exchange (NYSE).
The company’s stock will be traded under the ticker symbol EXOD on the NYSE. According to Exodus CEO and co-founder JP Richardson, the EXOD stock has been qualified by the U.S. Securities and Exchange Commission (SEC) and will also be available for trading on NYSE American (formerly AMEX).
“What’s really cool about this is that our common stock is tokenized on the Algorand (ALGO) blockchain, and so we’re the only company in the United States that has our common stock tokenized on the blockchain,” Richardson said. “That’s true today, and that will be true on Thursday as well.”
SEC qualification allows Exodus to offer and sell shares of its Class A common stock to investors under Regulation A of the Securities Act. The company now raises capital from the public in a regulated manner.
Exodus became a publicly traded company in 2021 by listing its stock with broker-dealer tZero. The sale of common stock began on April 8, 2021, Exodus had raised $60 million within 5 days .
EXOD stock is currently traded on the OTCQX exchange and will still be available on the exchange until May 8. It will start trading on the NYSE American on May 9.
Big news!
Exodus stock $EXOD starts trading on the NYSE American this Thursday, May 9th.
This significant milestone paves the way to creating long-term value for our investors by expanding our global shareholder base and boosting stock liquidity.
LFG!
— JP (Exodus) (@jprichardson) May 6, 2024