Exodus Movement, Inc., a manufacturer of crypto wallets, announced on May 6th that its common stock has been approved for listing on the New York Stock Exchange (NYSE), according to a press release.
The company revealed that its common stock has received approval for listing on the New York Stock Exchange (NYSE). Trading under the symbol EXOD, the Class A common stock, valued at $0.000001 per share, is scheduled to commence with the opening bell on May 9. Prior to this, the common stock will continue to be available for trading on OTCQX, a financial platform specializing in over-the-counter securities, until the market closes on May 8.
Exodus CEO JP Richardson regards the listing on the stock exchange as a “significant milestone” in the company’s trajectory. He further emphasizes that trading on the NYSE will enable Exodus to “generate enhanced long-term value for our stockholders by expanding our footprint within the investor community, consequently boosting liquidity.”
“We believe the uplisting will broaden the awareness of Exodus.” – JP Richardson
Established in 2015, Exodus has gained prominence for its software, which facilitates the storage of multi-chain assets while empowering users to retain control of their private keys independently, without reliance on a third party. In April 2021, the Delaware-based company successfully raised $60 million through a Regulation A sale within a span of five days, with nearly 92% of investment commitments originating from non-accredited investors.
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