{"id":223394,"date":"2021-04-10T00:01:31","date_gmt":"2021-04-09T21:01:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-approves-exodus-wallet-for-regulation-a-stock-offering\/"},"modified":"2021-04-10T00:01:31","modified_gmt":"2021-04-09T21:01:31","slug":"sec-approves-exodus-wallet-for-regulation-a-stock-offering","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-approves-exodus-wallet-for-regulation-a-stock-offering\/","title":{"rendered":"# SEC approves Exodus wallet for Regulation A stock offering"},"content":{"rendered":"

“# SEC app<\/a>roves Exodus wallet for Regulation A stock offering <\/strong>”
\n<\/p>\n

Crypto wallet provider Exodus recently received the green light from the United States Securities and Exchange Commission, or SEC, to sell shares of its operation.\u00a0<\/p>\n

According<\/a> to a public statement from Exodus on Thursday: \u201cExodus 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.\u201d <\/p>\n

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 swap between assets within the wallet. Now, according to the statement, users can buy Exodus shares through the app as well. <\/p>\n

Exodus filed with the SEC for a Regulation A offering in February 2021, as\u00a0detailed<\/a> in its related paperwork. Regulation A offers a form of exemption under which entities can sell unregistered shares, based<\/a> on information from Investor.gov. <\/p>\n

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.\u00a0\u201cAll investors must registered with the Exodus transfer agent Securitize,\u201d the statement noted, pointing toward two avenues for registration: through securitize, or in the Exodus wallet itself.<\/p>\n

Shares can only be purchased by U.S. residents. Arizona, Florida and Texas folks, however, cannot participate. The statement also added:<\/p>\n

“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.”<\/p><\/blockquote>\n

Crypto companies going mainstream has been hot news<\/a> as of late, with Coinbase\u2019s direct listing on the horizon, expected to hit on April 14. <\/p>\n