Exodus Movement (EXOD) announced that it has acquired the outstanding shares of Monavate Holdings Limited, and Baanx.com Ltd., which were subsidiaries of W3C Corp, from the Receivers that were appointed in the United Kingdom to take control of these entities after W3C defaulted on a loan that was secured by these shares. The purchase price of these shares is $76.273.333.30, which is the exact amount of principal and interest outstanding on the W3C loan, as of April 30.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXOD:
- Exodus Movement reports preliminary Q1 revenue $22.7M, consensus $25.7M
- Crypto Currents: Galaxy Digital posts $216M Q1 loss
- Exodus Movement Enforces Secured Rights in UK Receivership
- Crypto Currents: Charles Schwab details spot crypto trading launch
- Exodus Movement expands XRP, RLUSD support in collaboration with Ripple