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tZERO ATS Initiates Trading Of The Exodus Digital Security

tZERO, a leader in blockchain innovation and liquidity for digital assets, announced that the Exodus Movement, Inc. (Exodus) Class A common stock has commenced trading on the tZERO ATS. The shares represent approximately $75 million of equity in Exodus, a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform.

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Investors with an account at tZERO’s retail broker-dealer subsidiary, tZERO Markets, can now trade the Exodus security. Investors seeking to purchase or resell Exodus security who do not yet have an account at tZERO Markets.

tZERO Interim CEO and Chief Legal Officer Alan Konevsky stated, “We are excited to welcome Exodus’ digital security on the tZERO ATS. This marks an important step towards our mission of democratizing access and unlocking liquidity to private assets.”

Founded in 2015, Exodus has grown to serve over two million users through its non-custodial, multi-asset software wallet where users can securely manage and exchange cryptocurrencies. Exodus closed its Regulation A+ Public Offering on May 5, 2021. The company issued 2,733,229 shares and raised $75 million in gross proceeds.

Exodus Co-founder and CEO JP Richardson shared, “Through our partnership with tZERO, investors are now able to trade the Exodus digital security. announcement illustrates how private companies can access liquidity in a democratized fashion, and we are excited about the opportunity to replicate this fundraising model for other interested companies.”

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Important Risk Information

Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.

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References to Exodus’ non-custodial, multi-asset software wallet are solely high-level descriptions of Exodus’ business. Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrencies or other digital assets will be viable, liquid, or solvent. This communication is not intended to imply that any digital asset services are low-risk or risk-free. For more information about Exodus’ business, including risk disclosures related to its non-custodial, multi-asset software wallet business, please refer to Exodus’ Offering Circular that was filed with the SEC and its SEC filings.

No Offer, Solicitation, Investment Advice or Recommendations

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

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