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Exodus, the Nasdaq-listed Bitcoin treasury company, sues the W3C to demand enforcement of the acquisition agreement

bitcoin news Partnerships & Ecosystem Stocks

2026-04-13 13:34:00

Gate News update. On April 13, the U.S.-listed Bitcoin treasury company Exodus Movement announced that it has filed a lawsuit with the Delaware Chancery Court, seeking payment and requiring W3C Corp, the service company, and its CEO, Garth Howat, to fulfill the share acquisition agreement signed in November 2025 and move the transaction forward to completion. Exodus Movement said it had previously recorded the loan it provided to W3C as “current liabilities payable” and had exercised the related security rights, and it expects to obtain a court order compelling the other party to complete the closing as agreed. Previously, on April 8, 2026, Exodus obtained approval from the UK Financial Conduct Authority (FCA) for the acquisition transaction, clearing a key regulatory hurdle. The company said it will combine advancing the lawsuit and the enforcement of its security rights to speed up completion of this acquisition.

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