Exodus Shares FAQ

Read the Exodus Disclosures

In this Article:

What is happening?

Exodus closed its Regulation A Public Offering on May 5, 2021 at 11:00 AM Eastern Time. Investors who purchased Exodus Class A common stock can view their shares either in their Exodus Wallet and in their Securitize account. The company issued 2,733,229 shares and raised $75 million in gross proceeds (the maximum amount qualified under the company’s offering circular). The Company has prioritized making secondary trading available through an alternative trading system (ATS). We will update investors via press releases, social media, and splash pages in the Wallet and on the website when this secondary trading becomes available.

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.

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

No. We currently intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO. We'll keep you updated via press releases, social media, and splash pages in the Wallet and on the website when secondary trading becomes available.

When will the EXIT tokens I purchased be distributed?

We’re working with tZERO to get all of the EXIT shares ready for trading on the secondary market. We anticipate this process should be complete within 60 days and will send another email (and post on the website & app) when we have a firm date. Prior to opening secondary market trading, EXIT shares will remain priced at $27.42 and are visible in your Exodus wallet like any other digital asset in your portfolio.

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?

We're working with our partners Securitize and tZERO to get all of the EXIT shares ready for trading on the secondary market. We anticipate this process should be complete within 60 days and will send another email (and post on the website & app) when we have a firm date for the launch. Prior to opening secondary market trading, EXIT shares will remain priced at $27.42 and will be visible in your Exodus wallet like any other digital asset in your portfolio.


I am located internationally; can I buy?

We’re exploring partnerships with other entities, such as tZERO, that could potentially make Exodus shares available for those in jurisdictions outside of the USA.

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. 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 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 fees 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 approximately 1.25 million customers have 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. 

How do I trade my shares?

We're working with our partners Securitize and tZERO to get all of the EXIT shares ready for trading on the secondary market. We anticipate this process should be complete within 60 days and will send another email (and post on the website & app) when we have a firm date for the launch. Prior to opening secondary market trading, EXIT shares will remain priced at $27.42 and will be visible in your Exodus wallet like any other digital asset in your portfolio.

What is your privacy policy? What is Securitize’s privacy policy?

Here are the privacy policies for Exodus and Securitize.


Have you chosen your blockchain? Which one?

We have chosen to use the Algorand blockchain.


How many shares are outstanding?

As stated in the offering circular that was included as part of the offering statement qualified by the SEC on April 8, 2021, on December 31, 2020, Exodus had 20,012 Class B shares outstanding. Upon the closing of Exodus’s offering of shares of Class A common stock on 5th May 2021, Exodus issued 2,733,229 shares of Class A common stocks.


What is the current valuation of the company?

For information regarding the valuation of Exodus, please see the investor presentation on slide 32. In addition, 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, our 3/12/21 webcast replay, or by going to our website here or our YouTube channel.


Can I sell Exodus shares back to Exodus?

No.


Can I resell my shares to another shareholder?

  • We currently intend to make our Class A common stock available for trading on several alternative trading systems (ATS), including the tZERO. This will facilitate and be the easiest way to sell shares. We'll keep you updated via press releases, social media, and splash pages in the Wallet. 
  • That said, you may resell your shares to other individuals, subject to securities laws. Sales not made on the tZERO platform must be processed by Securitize, our transfer agent.

Why am I seeing "Exodus Shares Unavailable"?

If you are seeing this message, it is likely because you are not running the most up-to-date version of Exodus. Make sure you have updated your wallet to the latest version.

If you are still unable to access the Shares Application, it is likely due to essential maintenance which required that we take the App offline temporarily. Rest assured the Shares App will return soon, better, faster, and stronger!


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/ Choose "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.


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 and the Crimea region of Ukraine. 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 such filings. 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.