{"success":true,"data":{"pressRelease":{"id":"17740","rtpr_id":"rest-07e68d3412d36a07","ticker":"EXOD","exchange":"NYSE American","all_tickers":[],"title":"Exodus Movement Acquires Outstanding Shares of Baanx US Corp. for $30M","author":"Globe Newswire","published_at":"2026-05-01T22:23:31.105Z","article_body":"OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE\nAmerican: EXOD) (\"Exodus\"), a leading self-custodial cryptocurrency platform,\ntoday announced that it has acquired the outstanding shares of Baanx US Corp.\nand certain other assets from W3C Corp. The purchase price for the transaction\nwas $5 million payable upon the transfer of specified assets, with an\nadditional $25 million in deferred consideration payable over four years.\n\nJP Richardson, CEO and Co-Founder of Exodus, commented, “In the last 24\nhours, the pieces of the Baanx and Monavate acquisition have all come\ntogether. Closing the Baanx US deal is the final step. With Baanx US closed,\nwe officially enter the next chapter of Exodus. This deal unlocks\nself-custodial payments at scale. This is the biggest shift in Exodus\nhistory.”\n\nAbout Exodus\n\nFounded in 2015, Exodus Movement, Inc. (NYSE American: EXOD) is pioneering\nself-custodial finance by giving people the tools to earn rewards, spend,\nmanage, and swap digital assets across borders, all without giving up control.\nExodus serves millions of users through its products built on a simple\nprinciple: your money should be yours.\n\nExodus also powers crypto infrastructure for enterprise platforms serving\nmillions of users through its enterprise product suite. Headquartered in\nOmaha, Nebraska, Exodus is financial software where ownership is the default.\nFor more information, visit exodus.com.\n\nInvestor Contact\ninvestors@exodus.com\n\nMedia Contact\nAubrey Strobel/Elena Nisonoff, Halcyon Communications\nexodus@halcyonpr.xyz\n\nDisclosure Information\n\nExodus may use its website and the following social media outlets as\ndistribution channels of material nonpublic information about the Company.\nFinancial and other important information regarding the Company is routinely\naccessible through and posted on the following: websites exodus.com/investors\nand exodus.com, and social media: X (@exodus and JP Richardson’s feed\n@jprichardson), Facebook, LinkedIn, and YouTube.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. All statements, other\nthan statements of historical facts, may be forward-looking statements.\nForward-looking statements are based on our beliefs and assumptions and on\ninformation currently available to us as of the date hereof. In some cases,\nyou can identify forward-looking statements by the following words: \"will,\"\n\"expect,\" \"would,\" \"should,\" \"intend,\"\n\nForward-looking statements in this document include, but are not limited to,\nExodus’s plan to integrate Baanx US Corp. into its platform and its plan to\nissue payment cards. Such forward-looking statements involve a number of\nrisks, uncertainties and other important factors that could cause our actual\nresults to differ materially from those expressed or implied by our\nforward-looking statements. Such factors include those set forth in “Item 1.\nBusiness” and “Item 1A. Risk Factors” of Form 10-K filed with the\nSecurities and Exchange Commission (the “SEC”) on March 11, 2026, as well\nas in our other reports filed with the SEC from time to time.\n\nAll forward-looking statements are expressly qualified in their entirety by\nsuch cautionary statements. Readers are cautioned not to place undue reliance\non such forward-looking statements. Except as required by law, we undertake no\nobligation to update or revise any forward-looking statements that have been\nmade to reflect events or circumstances that arise after the date made or to\nreflect the occurrence of unanticipated events.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7994e273-7033-4aaf-8204-2237b2a59ecf)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"id":"rest-07e68d3412d36a07","title":"Exodus Movement Acquires Outstanding Shares of Baanx US Corp. for $30M","author":"Globe Newswire","ticker":"EXOD","created":"2026-05-01T22:23:31.105Z","tickers":[],"exchange":"NYSE American","article_body":"OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE\nAmerican: EXOD) (\"Exodus\"), a leading self-custodial cryptocurrency platform,\ntoday announced that it has acquired the outstanding shares of Baanx US Corp.\nand certain other assets from W3C Corp. The purchase price for the transaction\nwas $5 million payable upon the transfer of specified assets, with an\nadditional $25 million in deferred consideration payable over four years.\n\nJP Richardson, CEO and Co-Founder of Exodus, commented, “In the last 24\nhours, the pieces of the Baanx and Monavate acquisition have all come\ntogether. Closing the Baanx US deal is the final step. With Baanx US closed,\nwe officially enter the next chapter of Exodus. This deal unlocks\nself-custodial payments at scale. This is the biggest shift in Exodus\nhistory.”\n\nAbout Exodus\n\nFounded in 2015, Exodus Movement, Inc. (NYSE American: EXOD) is pioneering\nself-custodial finance by giving people the tools to earn rewards, spend,\nmanage, and swap digital assets across borders, all without giving up control.\nExodus serves millions of users through its products built on a simple\nprinciple: your money should be yours.\n\nExodus also powers crypto infrastructure for enterprise platforms serving\nmillions of users through its enterprise product suite. Headquartered in\nOmaha, Nebraska, Exodus is financial software where ownership is the default.\nFor more information, visit exodus.com.\n\nInvestor Contact\ninvestors@exodus.com\n\nMedia Contact\nAubrey Strobel/Elena Nisonoff, Halcyon Communications\nexodus@halcyonpr.xyz\n\nDisclosure Information\n\nExodus may use its website and the following social media outlets as\ndistribution channels of material nonpublic information about the Company.\nFinancial and other important information regarding the Company is routinely\naccessible through and posted on the following: websites exodus.com/investors\nand exodus.com, and social media: X (@exodus and JP Richardson’s feed\n@jprichardson), Facebook, LinkedIn, and YouTube.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. All statements, other\nthan statements of historical facts, may be forward-looking statements.\nForward-looking statements are based on our beliefs and assumptions and on\ninformation currently available to us as of the date hereof. In some cases,\nyou can identify forward-looking statements by the following words: \"will,\"\n\"expect,\" \"would,\" \"should,\" \"intend,\"\n\nForward-looking statements in this document include, but are not limited to,\nExodus’s plan to integrate Baanx US Corp. into its platform and its plan to\nissue payment cards. Such forward-looking statements involve a number of\nrisks, uncertainties and other important factors that could cause our actual\nresults to differ materially from those expressed or implied by our\nforward-looking statements. Such factors include those set forth in “Item 1.\nBusiness” and “Item 1A. Risk Factors” of Form 10-K filed with the\nSecurities and Exchange Commission (the “SEC”) on March 11, 2026, as well\nas in our other reports filed with the SEC from time to time.\n\nAll forward-looking statements are expressly qualified in their entirety by\nsuch cautionary statements. Readers are cautioned not to place undue reliance\non such forward-looking statements. Except as required by law, we undertake no\nobligation to update or revise any forward-looking statements that have been\nmade to reflect events or circumstances that arise after the date made or to\nreflect the occurrence of unanticipated events.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7994e273-7033-4aaf-8204-2237b2a59ecf)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":""},"received_at":"2026-05-01T23:06:43.282Z","source_url":null},"analysis":{"id":"12983","press_release_id":"17740","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":[],"eventType":"m_and_a","narrative":"Exodus Movement acquired the outstanding shares of Baanx US Corp. and certain assets from W3C Corp. for a total consideration of $30 million.\n\nThe deal structure includes $5 million payable upfront and an additional $25 million in deferred consideration payable over four years.\n\nCEO JP Richardson stated the acquisition unlocks self-custodial payments at scale and marks the biggest shift in the company's history.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Exodus closes $30M Baanx US acquisition to unlock self-custodial payments."},"keyFigures":{},"quotedText":"This deal unlocks self-custodial payments at scale. This is the biggest shift in Exodus history.","namedEntities":{"people":[{"name":"JP Richardson","role":"CEO and Co-Founder"}],"products":[],"companies":[{"name":"Exodus Movement, Inc.","ticker":"EXOD"},{"name":"Baanx US Corp.","relationship":"target"},{"name":"W3C Corp.","relationship":"seller"},{"name":"Monavate","relationship":"partner"}],"dollarAmounts":[{"amount":"$30M","context":"total purchase price for Baanx US shares and assets"},{"amount":"$5 million","context":"upfront payment upon transfer of assets"},{"amount":"$25 million","context":"deferred consideration payable over four years"}]},"materialImpact":{"score":4,"reasoning":"Acquisition of the remaining shares of Baanx US Corp for $30M total consideration ($5M upfront, $25M deferred) completes a strategic pivot. The CEO characterized this as the biggest shift in company history, unlocking self-custodial payments at scale."},"tickerRelevance":{"others":[],"primary":"EXOD"},"globalImportance":25,"audienceRelevance":35,"eventTypeSecondary":[],"importanceComponents":{"dealSize":"$30M","tickerTier":"small-mid-cap","eventGravity":"strategic-acquisition","sectorWeight":"crypto-fin-tech"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Exodus Movement acquired the outstanding shares of Baanx US Corp. and certain assets from W3C Corp. for a total consideration of $30 million.\n\nThe deal structure includes $5 million payable upfront and an additional $25 million in deferred consideration payable over four years.\n\nCEO JP Richardson stated the acquisition unlocks self-custodial payments at scale and marks the biggest shift in the company's history.","key_figures":{},"named_entities":{"people":[{"name":"JP Richardson","role":"CEO and Co-Founder"}],"products":[],"companies":[{"name":"Exodus Movement, Inc.","ticker":"EXOD"},{"name":"Baanx US Corp.","relationship":"target"},{"name":"W3C Corp.","relationship":"seller"},{"name":"Monavate","relationship":"partner"}],"dollarAmounts":[{"amount":"$30M","context":"total purchase price for Baanx US shares and assets"},{"amount":"$5 million","context":"upfront payment upon transfer of assets"},{"amount":"$25 million","context":"deferred consideration payable over four years"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-01T23:13:04.650Z","global_importance":25,"audience_relevance":35,"importance_components":{"dealSize":"$30M","tickerTier":"small-mid-cap","eventGravity":"strategic-acquisition","sectorWeight":"crypto-fin-tech"}},"durationMs":71799,"modelName":"glm-4.7"}}