OMAHA, Neb., April  13, 2026  (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) (&#34;Exodus&#34; or &#34;the company&#34;), a leading self-custodial cryptocurrency platform, today announced that it has filed a lawsuit in the

EXOD

Exodus Movement Files Lawsuit to Compel W3C Corp to Complete Sale

Exodus Initiates Legal Action to Secure W3C Acquisition

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>OMAHA, Neb., April  13, 2026  (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) (&amp;#34;Exodus&amp;#34; or &amp;#34;the company&amp;#34;), a leading self-custodial cryptocurrency platform, today announced that it has filed a lawsuit in the</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Exodus Movement, Inc. has filed a lawsuit to enforce compliance from W3C Corp regarding a stock purchase agreement. With recent UK FCA approval, the company aims for a swift resolution and closure on the acquisition, signaling potential growth avenues for EXOD.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Exodus has filed a lawsuit against W3C Corp for compliance issues.</li><li>Company expects judicial order to close the acquisition transaction.</li><li>UK FCA approval received for the acquisition of W3C shares.</li><li>Update on acquisition plans to be provided at the Exodus Summit.</li><li>CEO expresses confidence in swift resolution and adherence to agreements.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>W3C Corp (N/A)</strong>: Legal compliance struggles could impact EXOD&#039;s acquisition strategy.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This activity falls under Corporate Developments as the lawsuit is pivotal for future company growth. Securing the W3C acquisition is critical for Exodus&#039;s strategic expansion in the self-custodial crypto market.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The lawsuit may expedite W3C acquisition, positively impacting EXOD&#039;s market position.</li><li>UK FCA approval bolsters acquisition confidence, likely boosting investor sentiment.</li><li>A successful court ruling is expected to elevate EXOD’s valuation.</li><li>The upcoming Exodus Summit may provide further catalysts for EXOD valuations.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lawsuit filed on April 13, 2026.</li><li>UK FCA approval received on April 8, 2026.</li><li>Agreement with W3C dated November 24, 2025.</li><li>CEO JP Richardson anticipates a swift resolution.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider a bullish stance on EXOD in anticipation of a successful W3C acquisition.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">OMAHA, Neb., April  13, 2026  (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EXOD">EXOD</a>) ("Exodus" or "the company"), a leading self-custodial cryptocurrency platform, today announced that it has filed a lawsuit in the Delaware Court of Chancery to compel W3C Corp and its CEO Garth Howat to comply with their obligations under the November 24, 2025 Stock Purchase Agreement. Exodus has declared the loans provided to W3C to be payable on demand and exercised its rights under the related loan security. Exodus believes that it will prevail in obtaining a judicial order compelling W3C and Howat to close the transaction on the agreed-upon terms.</p>  <p align="left">JP Richardson, CEO and Co-founder of Exodus commented, "We have a binding agreement with W3C and expect it to be fully honored. We're confident in the path forward and anticipate a swift resolution."</p>  <p>On April 8, 2026, Exodus obtained approvals from the United Kingdom Financial Conduct Authority needed to close its pending acquisition of the shares of W3C. With this approval, the initiation of this lawsuit, and the exercise of its rights under the loan facilities, Exodus intends to move expeditiously to close the acquisition of W3C.</p>  <p>Exodus' Management team will provide an update on the W3C acquisition and outline a forward-looking roadmap for the company's next phase of growth at <a href="https://www.globenewswire.com/Tracker?data=hQqbl3cFOStQPS8OmqEYN6R8TdFW-DFtHfzy6q2eq2rZUzrT3OPWWWERtoPy96BNZ1fLXvmob0QrworUkeCCk0XWQOt09JKaMWeYd-DuFhM=" rel="nofollow" target="_blank"><u>The Exodus Summit</u></a> on May 1, 2026, in Omaha, Nebraska.</p>  <p><strong>About Exodus</strong></p>  <p>Founded in 2015, Exodus Movement, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EXOD">EXOD</a>) is pioneering self-custodial finance by giving people the tools to earn rewards, spend, manage, and swap digital assets across borders, all without giving up control. Exodus serves millions of users through its products built on a simple principle: your money should be yours.</p>  <p>Exodus also powers crypto infrastructure for enterprise platforms serving millions of users through its enterprise product suite. Headquartered in Omaha, Nebraska, Exodus is financial software where ownership is the default. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=WIPEx8oZu_OXowqitSbCVBeCC9ZSTAwaLjVcIegG0Q-jiFOKQvqrunStp-NUxP2-LupRYtEBcn8WBaaIhmWGSA==" rel="nofollow" target="_blank"><u>exodus.com</u></a>.</p>  <p><strong>Investor Contact</strong></p>  <p><a href="mailto:investors@exodus.com">investors@exodus.com</a></p>  <p><strong>Media Contact</strong></p>  <p>Aubrey Strobel/Elena Nisonoff, Halcyon Communications</p>  <p><a href="mailto:exodus@halcyonpr.xyz">exodus@halcyonpr.xyz</a></p>  <p><strong>Disclosure Information</strong></p>  <p>Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com; press releases; public videos, calls, and webcasts; and social media: X (@exodus and JP Richardson's feed @jprichardson), Facebook, LinkedIn, and YouTube.</p>  <p><strong>Forward-Looking Statements</strong></p>  <p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: "will," "expect," "would," "should," "intend," "believe," "expect," "likely," "believes," "views," "estimates," or other comparable terminology.</p>  <p>Forward-looking statements in this document include, but are not limited to, the Company's ability to close the W3C transaction and the likelihood of success in its legal action. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in "Item 1. Business" and "Item 1A. Risk Factors" of the Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 11, 2026, as well as in our other reports filed with the SEC from time to time.</p>  <p>All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4ODE3OSM3NTMxMDk3IzIyMDc0NDU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWM1MjlmMTAtYmM1YS00MWNlLTg5OGQtZDdkODlkY2QyODBmLTEyMTg5OTgtMjAyNi0wNC0xMy1lbg==/tiny/Exodus-Movement-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/7994e273-7033-4aaf-8204-2237b2a59ecf"><img src="https://ml.globenewswire.com/media/7994e273-7033-4aaf-8204-2237b2a59ecf/small/exodus-logo-dark-png.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Exodus Movement, Inc. has filed a lawsuit to enforce compliance from W3C Corp regarding a stock purchase agreement. With recent UK FCA approval, the company aims for a swift resolution and closure on the acquisition, signaling potential growth avenues for EXOD.

Exodus Movement Files Lawsuit to Compel W3C Corp to Complete Sale

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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