Exodus shares FAQ

EXIT tokens trade on Securitize Markets, tZERO, and other regulated markets under the ticker EXOD.

Read the Exodus Disclosures.

In this article:

When did Exodus go public?

Exodus closed its Reg A+ public offering on May 5, 2021. The company issued 2,733,229 shares of its Class A common stock and raised approximately $75 million in gross proceeds (the maximum amount qualified under the company’s offering circular). We have chosen to use the Algorand blockchain to issue tokens with the EXIT symbol (“EXIT tokens”). EXIT tokens are not shares of Class A common stock; rather, they are digital representations on the Algorand blockchain of the number of shares purchased and held by a stockholder. EXIT tokens will be sent by Securitize, the transfer agent for your shares, directly to your Exodus wallet.

Why might I be interested in being part of Exodus’s 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’s Class A common stock right now?

Yes! Secondary trading is available on Securitize Markets and tZERO.

What is the difference between a share and a token?

EXIT tokens are digital representations of Exodus shares. Thus they are two ways of referring to the same thing.

Will EXIT tokens behave more like stocks or crypto?

EXIT tokens are a digital representation of Exodus’s Class A common stock.

What 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 engage in 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?

Trading EXOD is available on Securitize Markets and tZERO.

I am located internationally. Can I buy?

Yes, Exodus shares will be available to buy in eligible jurisdictions outside of the USA via Securitize Markets and tZERO.

To learn more about trading on Securitize Markets, please visit: How do I buy and sell Exodus shares (EXOD) on Securitize Markets?

To learn more about trading on tZERO, please visit: How do I buy and sell Exodus shares (EXOD) on tZERO?

I am located in Arizona, Texas or Florida or outside of the United States. Can I buy?

Yes, Exodus shares will be available to buy in all 50 states via Securitize Markets and tZERO.

To learn more about trading on Securitize Markets, please visit: How do I buy and sell Exodus shares (EXOD) on Securitize Markets?

To learn more about trading on tZERO, please visit: How do I buy and sell Exodus shares (EXOD) on tZERO?

How do I change my address on my Investment Agreement?

Changes of address need to be processed by the transfer agent Securitize. There are two methods. You can email Investor Support [email protected]; however, the support widget through the app may be faster at https://id.securitize.io/#/login.

How does Exodus 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.

Exodus is a self-custody wallet, 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 Reg 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 Reg A+ offering circular that we have publicly filed with the SEC here, this presentation, by going to our website here, or our YouTube channel.

How do I trade my shares?

Exodus shares trade under the ticket EXOD on regulated markets. You can trade EXOD on Securitize Markets and tZERO.

To learn more about trading on Securitize Markets, please visit: How do I buy and sell Exodus shares (EXOD) on Securitize Markets?

To learn more about trading on tZERO, please visit: How do I buy and sell Exodus shares (EXOD) on tZERO?

To learn more, please visit: Enter the EXIT.

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

Here are the privacy policies for Exodus and Securitize.

What happens if I already have a tZERO account?

Exodus shares became available to trade on tZERO on September 14, 2021. If you have a tZERO account with the same email as your SecuritizeID, you will be ready to set up your tZERO account to trade.

If your tZERO account was made with a different email address than the one you provided to Securitize, you may need to create another tZERO account, using the same email you provided to Securitize.

Will I have to transfer my Exodus shares to Securitize Markets or tZERO?

If you want to trade your Exodus shares, you will need to send your Exodus shares to Securitize Markets or tZERO.

Have you chosen your blockchain? Which one?

We have chosen to use the Algorand blockchain. You can read more here.

Why did you use Algorand?

Exodus common stock tokens (EXIT) will be released on Algorand.

While Algorand is certainly not the only blockchain that we could have used, we found it to be the one that best aligned with our goals at this time.

If you have already invested in EXIT, you can claim these tokens directly inside your Exodus wallet.

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 20,011,830 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 Reg A+ offering circular that we have publicly filed with the SEC here, 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?

  • Our Class A common stock is available for trading on Securitize Markets and tZERO. This will 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 Securitize Markets or tZERO 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!

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.

How can I ask more questions?

Questions? Need more assistance? Send us emails - we promise quick human help!

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.

Exodus is not affiliated with any third-party platforms, external links, or any other third-party resources mentioned in this article. As such, Exodus cannot guarantee the performance of third-party products or services, or that the steps shown and the information provided will always be accurate.