---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030151"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:31:16.601023+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Exodus acquires Monavate Holdings & Baanx.com for $76.3M; buys Baanx US for $30M

## Summary
- Acquired Monavate Holdings and Baanx.com Ltd from UK receivers for $76,273,333, discharging $70M in prior W3C Loans.
- Separately acquired Baanx US Corp from W3C/Howat for $30M, payable in installments over 4 years; $5M due at delivery.
- Prior $10M loan to Howat forgiven; litigation with W3C/Howat dismissed with prejudice.
- Exodus had previously sued in Delaware Chancery to compel compliance with 2025 Stock Purchase Agreement.
- Acquired entities provide payment and crypto services; financial statements to be filed within 71 days.

## SEC filing metadata
- accession: 0001628280-26-030151
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000162828026030151/0001628280-26-030151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000162828026030151/exod-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030151
- JSON: https://secwatch.observer/filing/0001628280-26-030151.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030151.txt

## Source-grounded claims
- claim_id: 7d8096e9bd68d16527387c057c47f6e86b3bb5bb
  claim: Exodus Movement, Inc. completed an acquisition involving Monavate Holdings Limited and Baanx.com Ltd for $76,273,333.30 (closed 2026-05-01).
  evidence_excerpt: On May 1, 2026, the Company acquired the outstanding shares of Monavate Holdings Limited and Baanx.com Ltd from the Receivers for a purchase price of $76,273,333.30, which is the exact amount of principal and interest outstanding on the W3C Loans, as of April 30, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821534/000162828026030151/0001628280-26-030151-index.htm
- claim_id: 01d9f777a2b09b48b6441cbc2410d00791397731
  claim: Exodus Movement, Inc. terminated 2025 Stock Purchase Agreement.
  evidence_excerpt: the parties agreed that effective automatically upon the Delivery Date, (a) the 2025 Stock Purchase Agreement will be terminated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821534/000162828026030151/0001628280-26-030151-index.htm
- claim_id: 25247abe514014a3dff96ec00c2223c023b29e73
  claim: Exodus Movement, Inc. entered into Stock and Asset Purchase Agreement with Baanx US Corp., W3C Corp., and Garth Howat valued at $30.0 million (effective 2026-05-01).
  evidence_excerpt: On May 1, 2026, the Company entered into a Stock and Asset Purchase Agreement (the "Purchase Agreement") with Baanx US Corp. (the "Baanx US"), W3C and Howat, pursuant to which the Company acquired all of the issued and outstanding shares of capital stock of Baanx US and agreed to acquire certain other assets from Howat (the "Transaction").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821534/000162828026030151/0001628280-26-030151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.