LegalApr 13, 2026, 04:12 PM
Exodus Movement Sues to Force Acquisition of W3C Corp.
AI Summary
Exodus Movement, Inc. announced it has filed a lawsuit in the Delaware Court of Chancery against W3C Corp. and its seller, Garth Howat. The lawsuit seeks to compel the defendants to comply with their obligations under a Stock Purchase Agreement dated November 24, 2025, and to close the previously announced acquisition. The acquisition involves W3C Corp., which includes payment solutions provider Monavate and digital asset services provider Baanx. This legal action indicates a dispute regarding the completion of the acquisition.
Key Highlights
- Exodus Movement filed a lawsuit on April 13, 2026.
- Sues W3C Corp. and Garth Howat in Delaware Court of Chancery.
- Seeks to compel closing of W3C Corp. acquisition.
- Acquisition agreement was signed on November 24, 2025.
- W3C Corp. includes Monavate and Baanx.