Exodus Movement: First Company to Raise $75 Million Under Reg A+, Schedules Earnings Call for November

Exodus Movement (tZERO: EXOD, Securitize Markets: EXOD), the first company to reach the funding cap under Reg A+ – raising $75 million, has scheduled its earnings call for November 9 at 330PM ET. Exodus, a firm that trades a digital security, raised capital from over 6800 investors in the issuance of 2.733 million “EXIT” shares. Exodus initially raised approximately $60 million in the first five days of offering the securities.

Exodus is a non-custodial digital wallet provider that allows users to trade digital assets.

According to Securitize, Exodus currently trades at around $3.89 a share, far below its initial offering price.

In August, Exodus reported second-quarter revenue of $13.0 million, a decrease of 53% year-over-year from Q2 2021.

At that time, JP Richardson, CEO and co-founder of Exodus, stated:

“Despite recent market turbulence, we recorded $28.4 million in revenue in the first half of this year and maintained well over 800,000 monthly active users. In other words, our success continues as we operate and build in a difficult market.”

The earnings call will be available by Zoom.

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