Digital Assets: tZERO ATS to List Exodus Movement

tZERO ATS (alternative trading system) reports that it will list Exodus Movement, Inc. Class A common stock for secondary trading.

Exodus issued securities under Reg A+, a securities exemption that allows the issuer to immediately trade shares on an exchange or ATS. Exodus closed its funding round in May raising $75 million in gross proceeds. The offering

Founded in 2015, Exodus is a non-custodial cryptocurrency software platform that aims to make cryptocurrency and digital assets easy for everyone. The Exodus service enables users to manage and exchange crypto across 10,000+ asset pairs. Today, Exodus reports over 2 million users.

closed its Regulation A+ Public Offering on May 5, 2021. The company issued 2,733,229 shares and raised $75 million in gross proceeds. The offering resulted in demand from both institutional and retail investors, bringing over 6,800 new shareholders to its capital structure.

JP Richardson, Exodus co-founder and CEO  stated in a release:

“We are looking forward to trading the Exodus common shares on the tZERO ATS. Our investors will benefit from having access to liquidity through our partnership with tZERO, who we view as the leader in offering continuous trading for private assets.”

tZERO ATS is part of tZERO and is a broker-dealer created to trade digital securities.

As was previously reported, Exodus hit the maximum amount allowable under Reg A+ raising $75 million from over 6800 individual investors in the issuance of 2.733 million “EXIT” shares. Exodus reported that it had raised approximately $60 million in the first five days of the securities offering.

Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote



Send this to a friend