Enter the EXIT

Everything you need to know about Exodus shares (EXOD), including how you can buy and trade. EXIT tokens trade under the ticker EXOD.

Updated over a week ago

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 approximately $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. Securitize, our transfer agent, sent EXIT tokens to each of our bonafide stockholders’ Exodus wallets in August 2021.

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 with a special focus on our core competency, software development. We can’t wait to roll out some of our new features and 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.

What are digital Exodus Common Stock Tokens?

Our Class A common stock exists solely as book-entry shares within the records of our transfer agent, Securitize.

Each share of our Class A common stock is represented by one digital Common Stock Token, also known as an “EXIT token,” that can be viewed through the Exodus Platform.

EXIT tokens are only digital representations of our Class A common stock; they contain no voting, governance, economic or other rights, and cannot be traded independently of the Class A common stock.

EXIT tokens are not shares of Exodus Class A common stock; rather, they are digital representations of the number of shares purchased and held by a given stockholder.

The ownership and transfer of shares of our Class A common stock is recorded in book-entry form by the Transfer Agent. A record of the movements of the Common Stock Tokens are recorded on the Algorand blockchain using the EXIT tokens and the Transfer Agent has access to that blockchain-based record.

If a transfer or sale of Class A common stock is made, but the number of EXIT tokens does not correspond to the amount of Class A common stock sold, the Transfer Agent will remove the relevant amount of EXIT tokens from the seller's digital wallet and burn them, so that they no longer exist.

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

Yes, Exodus shares started trading on OTC markets on Jan 30, 2024. To learn more, visit the article: OTC Markets FAQs.

For information on the brokerages that support trading Exodus shares, visit the article: Which brokerages support Exodus (EXOD) transfer?

What ticker does the EXIT token trade under?

EXOD is the ticker the EXIT token trades under.

What does it mean if I get a message that "EXIT can only be sent to an address that belongs to a Securitize investor"?

You will receive this message if you try to send Exodus shares to an address that is not whitelisted in the Securitize database. To send Exodus shares, the destination address must belong to a Securitize user that has associated (whitelisted) their address in Securitize.

Part of the requirements when selling shares through a Reg A+ offering is to use a registered transfer agent that keeps track of the Company’s shareholder records and ensures we can send our required disclosures to the right people at the right place. The only way to effectively keep these records is to require all trading to take place on Securitize’s database.

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.

Did this answer your question?