My very first transaction was on Exodus and I love using the wallet. After a long time, I updated it and saw that it is holding a public offering. Here is the
official statement:
Exodus Movement, Inc., a Delaware corporation, is pleased to announce that it is considering a potential offering of up to $50 million of shares of its Class A common stock pursuant to Regulation A. Both accredited investors and non-accredited investors ("qualified investors") would be able to participate in the potential Regulation A offering.
Investors will have to pass KYC through Securitize to be able to invest in its share quoted $25 per unit (estimate). I posted this thread to know about some uncleared questions.
- The company's revenue is from exchange spreads so will they be able to pay a certain percentage of their income to shareholders?
- If yes to the above question, how will it be paid?
- What is the company's revenue at the moment?
- What is the total volume of issued shares and how much of them will be reserved for the company.
Has anyone gone through their KYC? Will you actually try this, on what basis?