SEC approves Exodus wallet for Regulation A stock offering SEC approves Exodus wallet for Regulation A stock offering April 9, 2021 Exodus shares are now available for purchase through its wallet.
2539 Total views
15 Total shares
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.
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 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.
Exodus filed with the SEC for a Regulation A offering in February 2021, 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 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.
“All investors must registered with the Exodus transfer agent Securitize,” the statement noted, pointing toward two avenues for registration: through securitize, or in the Exodus wallet itself.
Shares can only be purchased by U.S.residents.
Arizona, Florida and Texas folks, however, cannot participate.The statement also added:
“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.”
Crypto companies going mainstream has been hot news as of late, with Coinbase’s direct listing on the horizon, expected to hit on April 14.Share this: Study: Hard Forks Constitute Threat to Cryptocurrency Stability A new study suggests that the stability of digital currencies is threatened by software updates, known as “hard forks,”according to a September 12 press release.
The study states that clear guidelines on software updates could help stabilize cryptocurrencies.The paper was prepared by a group of researchers, led by the Oak Ridge Institute for Science and… New SFOX Report: Don’t Call Ethereum an ‘Altcoin’ Anymore Institutional cryptocurrency exchange San Francisco Open Exchange (SFOX) suggested that Ether (ETH) may not be an altcoin anymore, in its latest market report published on July 24.ETH is more correlated to BTC than other altsIn its post, SFOX suggested that “it may no longer be accurate to classify Ethereum as an ‘altcoin.’” The reason why… No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop The self-styled “savings game” is hoovering user deposits, leading to meaty lottery payouts 1126 Total views 10 Total shares No-loss lotteries appear to have found a snug product-market fit.Just a few days after the airdrop of their governance token, POOL, the self-styled “savings game” PoolTogether has cracked $50 million in total value locked with ease,… Jenny Ta on Transitioning From Wall Street to Crypto In an exclusive interview with Cointelegraph, Jenny Ta, the former CEO of multiple investment firms and founder and chief executive of crypto-powered social marketplace, CoinLinked, discussed her journey transitioning from Wall Street to the decentralized economy.The serial entrepreneur and self-made millionaire emphasized the challenges of seeking sound legal advice for an emerging sector that is… Thai Crypto Exchange Satang Plans to Raise $10 Million in Security Token Offering Thai cryptocurrency exchange Satang Corp.plans to raise nearly $10 million in a security token offering (STO), despite the recent market meltdown, Asia-focused business publication Nikkei Asian Review reported Dec.4.Satang’s plans are reportedly supported by the Government of Thailand in a bid to make the country a blockchain center and develop a regulatory framework… Belgian investors lost $12M to crypto and forex scams last year Losses due to crypto scams are on the rise in Belgium.
1069 Total views 20 Total shares Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads.In an Oct.5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in… SEC’s CryptoMom Wants US to Learn From Chinese Digital Innovation The United States could learn from China’s innovations in digital currency, says Securities and Exchange commissioner Hester Peirce.Fielding questions via webcam at this week’s Crypto Finance Conference in Switzerland, the public sector leader known as CryptoMom, called for the U.S.
to: “Learn from what other countries are doing and take the best of what they’re doing… Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail.Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19.As reported, Circle launched its US dollar-backed, ERC-20 stablecoin USD Coin… Security Numbering Association to Consider Standards for Digital Assets A global association of national numbering agencies has set up a new task force to assess the adoption of name standards for digital assets.All types of tokens to be consideredThe Association of National Numbering Agencies (ANNA) will examine the identification of digital assets such as tokens and cryptocurrencies, the organization announced on Oct.23.ANNA oversees… Leave a Reply You must be logged in to post a comment.Search.
