Exodus Files Lawsuit to Enforce $175 Million Acquisition of W3C

Exodus has initiated legal proceedings against W3C and its CEO, Garth Howat, in Delaware Chancery Court, seeking to compel the completion of a $175 million acquisition deal agreed upon in November of the previous year. According to NS3.AI, the lawsuit claims that Exodus had already extended $80 million in loans at the time of signing, which included a personal loan of $10 million to Howat. The legal action alleges that W3C and Howat have taken measures to avoid finalizing the acquisition.