Exodus Shares FAQ

Read the Exodus Disclosures.
Learn more from our SEC Filing
Watch our Shares App Tutorial.


In this Article:

What is happening?

Exodus received our qualification notice from the Securities and Exchange Commission for our Regulation A+ Public Offering offering. We will begin offering shares of Class A common stock in the Exodus Wallet at 9:00 PM Eastern Time on April 8th, 2021. Watch our Shares App Tutorial.

At this time, both accredited investors and non-accredited investors who are residents of the United States and its territories (except for the Blue Sky states of Arizona, Florida and Texas) will be able to participate. 

In addition:

  • If you are located outside the United States, we intend to directly list our Class A common stock on the MERJ Exchange in the Republic of Seychelles. Trading in our Class A common stock on the MERJ Exchange would be limited to non-U.S. persons located outside of the U.S.
  • We intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO ATS and the Securitize ATS no later than nine months after the qualification of the Offering. We'll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.

The Class A common stock under Regulation A will be offered in the following manner:

  • Subscriptions for the shares of Class A common stock will be made through mobile or desktop versions of the Exodus Wallet Shares app that are available for download at exodus.com, the Apple iOS app store, and the Google Play store.
  • Subscriptions for the shares will be paid for with Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC).
  • Securitize, Inc., a Delaware corporation and registered transfer agent, is our transfer agent for the Shares, serving U.S. and international stockholders.
  • Within nine months after the qualification of the offering, we anticipate that the shares will be represented by digital Common Stock Tokens on a blockchain and the Common Stock Tokens will be held in the Exodus Wallet. The ownership and transfer of the shares will still be recorded on the books of Securitize (our transfer agent), and Securitize’s records will still be the definitive legal record of ownership, but the Common Stock Tokens will be recorded on a blockchain.

Why might I be interested in being part of Exodus’ growth?

Exodus enables consumers to manage many forms of cryptocurrency in a non-custodial interface. With cryptocurrency reaching all-time highs, we are taking action to accelerate our growth. Exodus is already performing well. Going forward, we plan to invest even more in the expansion of our platform, including on product, security, and customer service teams, while accelerating growth by significantly increasing our marketing efforts to attract additional users to our platform. We are excited about our future.


Why are you raising capital?

We plan to accelerate growth and further invest in the expansion of our platform, including in software development and marketing. Rather than a traditional capital raise, such as a fully registered IPO or a private Series A preferred stock offering, we are raising capital through an SEC-qualified offering pursuant to Regulation A in a way that will utilize our wallet technology and allow people to purchase our Class A common stock by using certain digital assets.


Can I buy shares of Exodus’ Class A common stock right now?

Yes. Click here for a video with instructions to set up and fund your Wallet. Then

  1. Go to your Exodus Wallet. 
  2. Ensure your wallet is updated - instructions are here
  3. Open the Shares app inside your wallet. 
  4. Submit amount.
    - Minimum investment: 1 share
    - Maximum investment: 2,733,229 shares (Note: depends on share availability)

When will the EXIT tokens I purchased be distributed?

We intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO ATS and the Securitize ATS no later than nine months after the qualification of the Offering. We'll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.


How soon after the offering closes can I buy more EXIT tokens?

We intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO ATS and the Securitize ATS no later than nine months after the qualification of the Offering. We'll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.


In the Shares App, on the investor qualification page, what is the difference between "Accredited Investor" and "Regular individual"?

An "Accredited Investor" means an investor who meets certain minimum net worth or sophistication requirements that are defined in the SEC's Rule 501(a). In a potential Regulation A offering, if you are an accredited investor, you could potentially purchase the shares without the amount of your potential purchase being subject to net worth, revenue or income restrictions.
The term "Regular Individual" in the Shares App refers to a "non-accredited" investor. A non-accredited is not subject to any minimum net worth or sophistication requirements. However, in a potential Regulation A offering, if you are non-accredited investor, your potential purchase of shares would be restricted to no more than 10% of the greater of your (i) annual income or net worth (if a natural person), with annual income and net worth determined as provided in SEC Rule 501, or (ii) revenue or net assets for the most recently completed fiscal year end (if a non-natural person, such as a corporation or limited liability company).

Are you doing a traditional IPO?

No. We are conducting an offering of up to $75 million of shares of our Class A common stock pursuant to Regulation A. Both accredited investors and non-accredited investors are able to participate in the Regulation A offering.

The Class A common stock under Regulation A will be offered in the following manner:

  • Subscriptions for the shares of Class A common stock will be made through mobile or desktop versions of the Exodus Wallet Shares app that are available for download at exodus.com, the Apple iOS app store, and the Google Play store.
  • Subscriptions for the shares will be paid for with Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC).
  • Securitize, Inc., a Delaware corporation and registered transfer agent, is our transfer agent for the Shares, serving U.S. and international stockholders.
  • Within nine months after the qualification of the offering, we anticipate that the shares will be represented by digital Common Stock Tokens on a blockchain and the Common Stock Tokens will be held in the Exodus Wallet. The ownership and transfer of the shares will still be recorded on the books of Securitize (our transfer agent), and Securitize’s records will still be the definitive legal record of ownership, but the Common Stock Tokens will be recorded on a blockchain.

Why are you considering this route versus a more traditional registered IPO?

Due to our positive performance to date, rather than conduct a private Series A preferred stock offering or fully registered IPO, we chose a financing option that, consistent with our mission, empowers our customers to participate in our capital raise through their Exodus wallets, and to purchase the common stock with certain digital assets. As such, we are raising capital through an SEC-qualified offering pursuant to Regulation A. We believe this has the potential to revolutionize fundraising.


Who is Securitize?

Securitize, a Delaware corporation, is our transfer agent registered with the SEC. More information about Securitize can be found here.


Why do I need to KYC to participate?

We are required to have a transfer agent and they are required to have KYC. 


How do I delete my KYC?

The fastest way to make a request to delete your KYC is via the Securitize widget. To use, please:
  • Head to the http://id.securitize.io/ website
  • Open the widget on the bottom right-hand corner
  • Fill in your details
  • Choose Exodus as Company/ Issuer Name
  • Choose Account Deletion under Type of Issue 

Where will the shares trade?

At this time, we do not intend to list our common stock on a stock exchange. However, we intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO ATS and the Securitize ATS no later than nine months after the qualification of the Offering. We'll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.


I am located internationally; can I buy?

We’re exploring partnerships with other entities, such as MERJ Exchange, that could potentially make Exodus shares available for those in jurisdictions outside of the USA. We’ll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.


I am located in Arizona, Texas or Florida Internationally, how can I invest?

We're exploring partnerships with alternative trading systems (ATS) such as tZero, that could potentially make Exodus shares available in your jurisdiction, which are currently blocked due to Blue Sky laws. We'll keep you updated. Please know that your Securitize IDs will be essential to the future availability of Exodus shares.


How do you make money?

We derive our revenues from API integration fees (both transaction- and non-transaction-based) that we charge to third parties who develop applications that our customers can access from the Exodus Wallet through an API.


How can I learn more about the company and your business model?

Exodus is the maker of the Exodus Wallet, which provides an easy-to-use interface that enables our customers to manage their crypto assets on their desktop computers and mobile phones or transfer their assets to physical storage devices such as Trezor for added security.
The Exodus Wallet is non-custodial, meaning that our customers’ private keys are encrypted locally on their own devices and Exodus can never access or take control of our customers’ funds. We derive our revenues from API integration fees (both transaction- and non-transaction-based) that we charge to third parties who develop applications that our customers can access from the Exodus Wallet through an API.
Our desktop platform was first released in December 2015 to address an underserved market opportunity by allowing customers to access advanced wallet technology on the desktop. Since the creation of the Exodus Wallet, we estimate that we have had approximately 1.25 million customers with funded wallets across our desktop and mobile platforms.

You can learn more about our company and its products by reviewing our Regulation A offering circular that we have publicly filed with the SEC here, this presentation, or by going to our website here or our YouTube channel.


Where can I find your financial statements?

You can learn more about our company and its products by reviewing our Regulation A offering circular that we have publicly filed with the SEC here, this presentation, or by going to our website here to listen to the replay of our March 12, 2021 webcast or our YouTube channel.


Bitcoin is going gangbusters. What happens to you when Bitcoin drops?

The Exodus Wallet enables our customers to manage  multiple crypto assets on their desktop computers and mobile phones or transfer their assets to physical storage devices such as Trezor for added security and is not tied to one singular cryptocurrency.


How can I ask more questions?

Wallet questions should be directed to [email protected] com. 

Verification and transfer agent questions should be directed to Securitize using the support widget at https://id.securitize.io/ chose Exodus and your topic. 

Investor questions should be directed to LHA Investor Relations at [email protected] or Moriah Shilton and Kirsten Chapman at 415-433-3777.


Where can I find more information about Securitize?

Securitize is a Delaware corporation that is registered as a transfer agent with the SEC. More information about Securitize can be found HERE.


Will you use the Exodus model of going public for other companies?

We are offering shares of our Class A common stock through Exodus wallets and in exchange for certain digital assets. It is possible that we could license our technology (consistent with applicable regulatory considerations) so that other companies can offer their securities in a similar manner.


How does Exodus comply with OFAC sanctions requirements?

Exodus does not permit its services to be used by people or entities located in sanctioned countries or who are on the OFAC lists or other applicable restricted party lists. Exodus is committed to complying fully with all applicable laws and regulations related to export controls and trade sanctions. Exodus has appointed a Sanctions Compliance Officer, who oversees the sanctions compliance program. Exodus has implemented geo- IP blocking technology to block downloads of the Exodus Wallet, from the exodus.com website by IP addresses associated with sanctioned countries, including Iran, Cuba and North Korea. Exodus screens its employees, independent contractors, and other third party business partners against the OFAC Lists and other applicable restricted party lists. Support service representatives are prohibited from engaging in any communications with individuals or entities determined to be potentially identified on a sanctions list maintained by OFAC.

Forward-looking statements

This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our future financial performance, our business plan, our market opportunities and beliefs and objectives for future operations. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements

Qualification of Offering Statement

The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of shares of Exodus’s Class A common stock should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at  https://www.sec.gov/Archives/edgar/data/0001821534/000114036121012255/nt10013846x18_253g2.htm. Exodus is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.