Exodus Movement Sues W3C to Complete Share Purchase Agreement

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Release Time: 04/13/2026 13:46:20

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Summary

Exodus Movement has sued W3C Corp and CEO Garth Howat in the Delaware Chancery Court to enforce a share purchase agreement signed in November 2025. The Bitcoin wealth management firm has declared its loan to W3C as immediately due and is seeking a court order to compel completion of the deal. The UK’s FCA approved the acquisition on April 8, 2026, removing a major regulatory barrier. Exodus plans to use litigation and security rights to accelerate the transaction, amid ongoing CFT (Countering the Financing of Terrorism) compliance efforts in liquidity and crypto markets.

Odaily Planet Daily reports: U.S.-listed Bitcoin treasury company Exodus Movement has filed a lawsuit in the Delaware Chancery Court, demanding that payment services company W3C Corp and its CEO, Garth Howat, fulfill the share purchase agreement signed in November 2025 and proceed to close the transaction.

Exodus Movement stated that it had previously classified the loan provided to W3C as "currently payable" and has exercised its related security rights, expecting to obtain a court order compelling the counterparty to fulfill its contractual obligations. Previously, on April 8, 2026, Exodus received approval from the UK Financial Conduct Authority, clearing a key regulatory hurdle for the acquisition; the company stated it will accelerate the completion of this acquisition by combining legal proceedings with the enforcement of its security rights. (Globenewswire)

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