EXOD - Mergers and acquisitions

OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced that it has acquired the outstanding shares of Baanx US Corp. and certain other assets from W3C Corp. The purchase price for the transaction was $5 million payable upon the transfer of specified assets, with an additional $25 million in deferred consideration payable over four years. JP Richardson, CEO and Co-Founder of Exodus, commented, "In the last 24 hours, the pieces of the Baanx and Monavate acquisition have all come together. Closing the Baanx US deal is the final step. With Baanx US closed, we officially enter the next chapte

OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced that it has acquired the outstanding shares of Monavate Holdings Limited, and Baanx.com Ltd., which were subsidiaries of W3C Corp ("W3C"), from the Receivers that were appointed in the United Kingdom to take control of these entities after W3C defaulted on a loan that was secured by these shares. The purchase price of these shares is $76.273.333.30, which is the exact amount of principal and interest outstanding on the W3C loan, as of April 30, 2026. Monavate Holdings Limited, together with its subsidiary Monavate Ltd and Baanx.com L