Exodus Movement, a crypto wallet company, announced that its planned listing on NYSE American will not proceed as scheduled due to the U.S. Securities and Exchange Commission (SEC) still reviewing its registration statement, despite the statement being declared effective at the end of April. The company, which intended to uplist from OTC trading to expand its global shareholder base and enhance stock liquidity, will continue trading on OTCQX. Exodus CEO JP Richardson expressed surprise and confusion over the delay, reaffirming the company’s commitment to transparency and responsiveness, and remaining hopeful for a swift resolution with the SEC.
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