Exodus Movement, Inc. (EXOD) Form 8-K — May 5, 2026
On May 1, 2026, Exodus Movement completed the acquisition of the outstanding shares of Monavate Holdings Limited and Baanx.com Ltd from Receivers for $76,273,333.30, discharging the outstanding principal and interest on the W3C Loans. This move followed the Company's enforcement of security interests after the targets failed to repay loans, converting debt positions into ownership of key fintech operating entities. Simultaneously, the Company entered into a Stock and Asset Purchase Agreement to acquire Baanx US Corp and certain other assets for an aggregate purchase price of $30.0 million, payable in installments over four years.
Key figures
- Debt Amount
- 10,000,000
- Deal Value Usd
- 76,273,333.30
- Payment Year1
- 5,000,000
- Payment Year3
- 10,000,000
- Payment Year4
- 10,000,000
- Payment At Closing
- 5,000,000
- Baanx Us Purchase Price
- 30,000,000
- Virtual Currency On Hand
- 316,174.95
Price after filing
Close on the filing date to close N calendar days later (from $8.50). Historical, not a forecast.
AI analysis
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