Wallet Developer Exodus’ NYSE Listing is Put Off

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The planned listing of the Exodus Movement on the New York Stock Exchange has been delayed due to ongoing review by the Securities and Exchange Commission (SEC).

Originally scheduled for May 9, the company has decided to postpone its listing because the SEC is still reviewing its application for registration.

This means that the company’s shares, which were expected to stop trading on the OTCQX over-the-counter platform upon listing, will remain on this platform for the time being.

According to a press release, the company may reconsider listing on a national exchange once the SEC’s review is completed.

However, their CEO, J.P. Richardson, expressed disappointment and confusion at the last minute decision by the Commission. They expect the SEC to handle the situation in accordance with the law and hope for a quick resolution.