NYSE Puts Off Crypto Wallet Maker Exodus’ Listing
The initial listing of Exodus Movement’s Class A common stock on the NYSE American has been delayed until the US Securities and Exchange Commission completes its review of the company’s registration statement, as announced by the company on Wednesday.
The stock, identified by ticker symbol EXOD, was originally planned to debut on the small cap equity trading platform on Thursday. CEO JP Richardson had previously stated that listing on NYSE American would aid in the company’s expansion and increase liquidity.
In response to the postponement, Richardson expressed surprise and confusion but remains optimistic that the SEC will adhere to the law and promptly resolve the matter. He emphasized Exodus Movement’s full cooperation and transparency during the review process.
The company stated that it may reconsider listing on a national securities exchange once the SEC completes its review. In the meantime, the stock will continue to be traded on OTC Markets’ OTCQX.
