Mergers & Acquisitions ·
Exodus Movement, Inc. completed the acquisition of Monavate Holdings Limited, Baanx.com Ltd, and Baanx US Corp on May…
EXODExodus Movement, Inc.
Exodus Movement, Inc. completed the acquisition of Monavate Holdings Limited, Baanx.com Ltd, and Baanx US Corp on May 1, 2026. The company acquired Monavate and Baanx.com from UK receivers for $76.2 million, satisfied via the netting and discharge of existing W3C Loans. Additionally, Exodus agreed to pay $30.0 million for Baanx US and other assets from W3C Corp and Garth Howat, payable in installments over four years ($5M at closing, $5M at year one, $10M at year three, and $10M at year four), with an option to pay portions in Class A common stock. This filing provides the required historical audited financial statements for Monavate and unaudited pro forma combined financial information. The company operates in the financial technology industry, providing digital asset wallets and payment processing services.