Exodus Movement, Inc. (EXOD) has announced its agreement to acquire W3C Corp, the parent company of payment firms Monavate and Baanx, for $175 million. This strategic acquisition, which is subject to regulatory approval, aims to enhance Exodus' self-custody wallet by integrating it with W3C's comprehensive payment infrastructure.
D.A. Davidson & Co. served as the advisor for the transaction and facilitated a $60 million term loan to support the acquisition. This move is expected to bolster Exodus' position in the digital payment space by leveraging W3C's established payment solutions.
Exodus to Acquire W3C Corp for $175 Million
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