Exodus sues W3C Corp and CEO Garth Howat in Delaware to force $175M Baanx and Monavate acquisition
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Promote with Leviathan NewsExodus Movement filed in Delaware Chancery Court to compel W3C Corp and CEO Garth Howat to close the $175M all-cash acquisition agreed in November 2025, which would give Exodus control of Monavate (global payment infra) and Baanx (non-custodial crypto cards). Exodus secured UK FCA approval on April 8 and says all closing conditions are met, but W3C apparently won't come to the table — so Exodus declared its loans to W3C payable on demand and exercised its loan security rights. CEO JP Richardson says they expect the deal "fully honored" and will update at the Exodus Summit on May 1 in Omaha.
TLDR by @Benthic
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- Exodus sues W3C & CEO Garth Howat to enforce $175M acquisition ... (x.com)
- Exodus Movement Files Lawsuit to Compel W3C Corp to (globenewswire.com)
- [PDF] 8-K - 04/13/2026 - Exodus Movement, Inc. (exodus.com)
- Exodus Movement sues to force W3C acquisition | EXOD 8-K Filing (stocktitan.net)
- Exodus Movement Files Lawsuit to Compel W3C Corp to Complete ... (exodus.com)
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