Exodus completes acquisition of Monavate Holdings, Baanx UK and Baanx US; files audited financials

Exodus Movement, Inc.

Acquisition closed May 1, 2026; Monavate, Baanx UK, Baanx US become wholly owned subsidiaries.
Monavate 2025 revenue £61.5M (up 36% YoY from £45.1M); net loss £8.2M (vs £5.3M loss in 2024).
Monavate had negative equity of £1.8M at Dec 31, 2025, but no borrowings (vs £22.4M debt in 2024).
Pro forma combined financials for Q1 2026 and FY 2025 filed as Exhibit 99.2.
Monavate's financials prepared under IFRS; prior period error corrected for amortization.

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