Exodus Faces SEC Review: NYSE American Listing Delayed

Note that Exodus Movement, Inc. common stock will not begin trading on the NYSE American until the Securities and Exchange Commission (SEC) completes its review of the company's Registration Statement on Form 10, which will allow it to officially do business.

According to the initial forecast, NYSE American had scheduled the company's Class A common stock to start trading on May 9, 2024.

The listing delay is a surprise to Exodus, as the company has been transparent and responsive throughout the process.

Exodus CEO JP Richardson is hopeful that the SEC will apply the rule of law and resolve the issue promptly. Meanwhile, the company's Common Stock will continue trading on the OTCQX exchange under the ticker "EXOD."

Richardson reassured current stockholders that no action is needed on their part. He emphasized that despite this setback, Exodus remains committed to providing excellent service and value to its customers and shareholders.

One might ask, given the decision to delay the listing, why the delay occurred in the first place and how it will impact Exodus' future plans. Nevertheless, the company looks forward to being listed on a national securities exchange once the SEC completes its review.

Exodus, a leading provider of cryptocurrency wallets and digital asset management tools, has been expanding its footprint in the blockchain industry. According to the release, the listing delay is not aligned with its achievements or commitment to delivering top-notch services to its users. The delay was unexpected, but Exodus remains confident in its ability to navigate regulatory processes and emerge stronger. The company's dedication to transparency and compliance reflects its vision for success in the cryptocurrency market.