Enter the EXIT

Read the Exodus Disclosures

In this Article:

What is an Exit Token?

Exodus closed its groundbreaking Reg A+ public offering on May 5, 2021. We issued 2,733,229 shares of Class A common stock and raised $75 million in gross proceeds (the maximum amount qualified in our offering circular). The significant demand from both retail and institutional investors alike afforded us the chance to welcome over 6,800 new Exodus shareholders to join us in our mission.

We selected the Algorand blockchain to issue the EXIT tokens; its high-performance speeds and low gas fees aligned with our goal to redefine the future of finance. The EXIT tokens act as a digital representation of the Exodus shares.

Exodus is ecstatic to partner with the Algorand team, since its tech provides a rich Layer-1 with many exciting use-cases to power next-generation decentralized applications for our customers," said JP Richardson, Exodus Co-Founder and CEO. "Even better, the team built a modern marvel in Layer-1 scalability."

Exodus is on a mission to empower half the world to exit the traditional finance system by 2030. We plan to use the proceeds of our Reg. A+ public offering to continue expanding our platform. We have a special focus on our core competency, software development. We can’t wait to roll out some of our new features, we hope our users will appreciate the work that has gone into the beautiful aesthetics and streamlined user interfaces. Another core competency is our trusted Exodus Customer Support team. We strive to respond at lightning speed with meaningful information that helps our users troubleshoot any technical challenges they may encounter. We are committed to maintaining our Exodus customer support as we exponentially scale our user base.

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

Making a secondary market available for trading Exodus shares is one of our top priorities and we aim to deliver this option to our valued shareholders in August 2021. We are working with Securitize and tZERO to pioneer the future of finance and we will keep our shareholders informed every step of the way.

If you are interested in buying EXIT shares once secondary trading opens, you can register inside Exodus using the Shares app any time.

Can I trade Exodus shares from anywhere in the world?

At the moment, trading Exodus shares is permitted only for tax residents of the following jurisdictions and territories:

United States, New Zealand, Hong Kong, Thailand, China, Austria, Denmark, Germany, Israel, Japan, Netherlands, Norway, South Korea, Spain, Australia, Ireland, Singapore, Italy, Belgium, South Africa, United Kingdom, Luxembourg, Sweden, Peru, Philippines, Brazil, Switzerland, British Virgin Islands, France, Argentina, Finland, Isle of Man, St Lucia, Uruguay, UAE and Bulgaria.

We will keep this list up-to-date, so please check back here if you are interested and your jurisdiction is not mentioned.

I want to hold onto my shares. Do I need to register with tZERO if I do not plan to buy or sell?

You are under no obligation to register with tZERO and are welcome to hold your shares for as long as you like. tZERO is an alternative trading system (ATS) that will facilitate the first secondary market of the Exodus shares. You can register with them if you wish to buy more shares or sell those you already have. If you just wish to hold them, then you do not need to register.

How can I ask more questions?

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.