secwatch.observer — SEC 8-K summary
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Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K/A
Filed at:   2026-07-17T20:43:47+00:00
Accession:  0001193125-26-307929
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000119312526307929/0001193125-26-307929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000119312526307929/d155764d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-307929

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