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Exodus Movement is preparing to list its shares on the NYSE American exchange under the ticker EXOD, following approval from the United States Securities and Exchange Commission (SEC).
The company has faced several setbacks in its bid to uplist to a major stock market. Initially, it was rejected by the SEC in May 2024, but after reapplying with additional information and documentation, it has finally secured approval.
Exodus Movement is an innovative storage and wallet provider that offers mobile and desktop applications for users to securely store, send, and swap various cryptocurrencies across different blockchain networks. Since its inception in 2015, the company has experienced significant growth, offering enterprise solutions such as a wallet-as-a-service and a swap engine.
The listing on the NYSE American is seen as a major milestone for Exodus Movement, providing access to a broader range of investors and potentially increasing liquidity for its shares. Currently trading at $36.68, EXOD’s stock price may experience fluctuations following this announcement.
Exodus Movement has 6.57 million outstanding shares currently listed on the OTCQX exchange, which it will now transition to the NYSE American upon listing. The company’s commitment to securing a listing on a major US exchange demonstrates its dedication to becoming a reputable and transparent player in the cryptocurrency market.
As Exodus Movement begins this new chapter, investors should be cautious of potential price movements and consider carefully before making any investment decisions.
Disclaimer: This article is not intended to provide investment advice. The data presented here may have been partially or fully funded by affiliate links.
Source: coinjournal.net
