Cryptocurrency wallet company Exodus Movement will not list on the New York Stock Exchange's sibling market, the NYSE American, on Thursday as planned, the company announced late Wednesday.
According to an Exodus press release, New York Stock Exchange American informed Exodus on Wednesday that staff at the U.S. Securities and Exchange Commission is still reviewing Exodus' registration statement, but the company said the registration statement It was announced that it would come into effect at the end of the month.
Exodus was scheduled to go public from over-the-counter (OTC) trading, the company announced earlier this week, and its Class A common stock continued to trade on the OTCQX through the end of Wednesday. The company's common stock will continue to trade on the OTCQX.
“The Company may reconsider listing on a national securities exchange in the future upon completion of the SEC staff's review of the registration statement,” Wednesday's press release said.
Exodus CEO JP Richardson said the listing allowed Exodus to “expand our global shareholder base and increase the liquidity of our stock, creating long-term value for our investors.” There is. tweeted Early this week.
Richardson said in a statement Wednesday that the company was “surprised and confused by this last-minute decision.”
“We continue to expect the SEC to follow through on its promise to treat us as the law intends. Exodus has been fully transparent and responsive throughout this process, and we continue to look forward to the SEC’s commitment to treat us as the law intends. We look forward to a speedy resolution of the matter,” he said. “In the meantime, we will continue to provide the best possible service and value to our customers and shareholders.”
