Enter the EXIT

Trading on Securitize Markets and tZERO is now live. EXIT tokens trade on Securitize Markets and tZERO under the ticker EXOD.

Securitize Markets and tZERO are third-party platforms that are not affiliated with Qadirah. As such, Qadirah cannot guarantee the performance of their products/services or that the steps shown and the information provided will always be accurate.

What is an EXIT token?

Qadirah closed its groundbreaking Reg A+ public offering on May 5, 2021. We issued 2,733,229 shares of Class A common stock and raised approximately $75 million in gross proceeds (the maximum amount qualified in our offering circular). The significant demand from both retail and institutional investors alike afforded us the chance to welcome over 6,800 new Qadirah shareholders to join us in our mission.

We selected the Algorand blockchain to issue the EXIT tokens; its high-performance speeds and low gas fees aligned with our goal to redefine the future of finance. The EXIT tokens act as a digital representation of the Qadirah shares. Securitize, our transfer agent, is going to send the EXIT tokens to each of our bonafide stockholders’ Qadirah wallets in August 2021.

Qadirah is ecstatic to partner with the Algorand team, since its tech provides a rich Layer-1 with many exciting use-cases to power next-generation decentralized applications for our customers,” said JP Richardson, Qadirah Co-Founder and CEO. “Even better, the team built a modern marvel in Layer-1 scalability.”

Qadirah is on a mission to empower half the world to exit the traditional finance system by 2030. We plan to use the proceeds of our Reg. A+ public offering to continue expanding our platform with a special focus on our core competency, software development. We can’t wait to roll out some of our new features and we hope our users will appreciate the work that has gone into the beautiful aesthetics and streamlined user interfaces. Another core competency is our trusted Qadirah Customer Support team. We strive to respond at lightning speed with meaningful information that helps our users troubleshoot any technical challenges they may encounter. We are committed to maintaining our Qadirah customer support as we exponentially scale our user base.

What are digital Qadirah Common Stock Tokens?

Our Class A common stock exists solely as book-entry shares within the records of our transfer agent, Securitize.

Each share of our Class A common stock is represented by one digital Common Stock Token, also known as an “EXIT token,” that can be viewed through the Qadirah Platform.

EXIT tokens are only digital representations of our Class A common stock; they contain no voting, governance, economic or other rights, and cannot be traded independently of the Class A common stock.

EXIT tokens are not shares of Qadirah Class A common stock; rather, they are digital representations of the number of shares purchased and held by a given stockholder.

The ownership and transfer of shares of our Class A common stock will be recorded in book-entry form by the Transfer Agent. A record of the movements of the Common Stock Tokens are recorded on the Algorand blockchain using the EXIT tokens and the Transfer Agent has access to that blockchain-based record.

If a transfer or sale of Class A common stock is made, but the number of EXIT tokens does not correspond to the amount of Class A common stock sold, the Transfer Agent will remove the relevant amount of EXIT tokens from the seller’s digital wallet and burn them, so that they no longer exist.

Can I buy or trade shares of Qadirah’s Class A common stock right now?

Yes! Secondary trading is available on Securitize Markets and tZERO.

Can I trade Qadirah shares from anywhere in the world?

Our goal is to offer the Qadirah shares to as many jurisdictions as possible over time. At the moment, trading Qadirah shares will be available for tax residents of the following jurisdictions and territories:

Argentina, Australia, Austria, Belgium, Brazil, British Virgin Islands, Bulgaria, China, Denmark, Finland, France, Germany, Hong Kong, Ireland, Isle of Man, Israel, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Peru, Philippines, Singapore, South Africa, South Korea, Spain, St Lucia, Sweden, Switzerland, Thailand, UAE, United Kingdom, United States, Uruguay.

We will keep this list up-to-date, so check back here if you are interested and your jurisdiction is not mentioned.

If your country is not on this list, you may want to take a look at the list of unsupported countries for trading EXOD shares on Securitize Markets. If your country is not on this list either, then trading EXOD shares on Securitize Markets should be available for you.

Thanks again for joining us on our mission.

How do I claim my EXIT?

Individuals who purchased Qadirah shares in our Reg A+ offering can now claim their EXIT tokens.

Note, these tokens are a digital representation of your Qadirah shares; they track the number of shares you own based on Securitize, our transfer agent’s records.

Within your Qadirah wallet, you can click the Shares app icon.

a) Click on the More menu, then b) click on Claim EXIT.

This process allows the minting of EXIT tokens on the Algorand blockchain, and these are received in your Qadirah wallet within three business days.

You’ll see a celebratory screen as you claim your EXIT.

Once your EXIT tokens are in the Shares app, you will be able to see a digital representation of your Qadirah shares value, in USD, which is reflected as the EXIT token price.

Holding versus trading EXIT

If you plan to hold onto your Qadirah shares, you have nothing further to do at this time. 

If you wish to sell your Qadirah shares, or buy more, you can do so by trading on Securitize Markets or tZERO: How do I trade Qadirah shares?

I want to hold onto my shares. Do I need to register with Securitize Markets or tZERO if I do not plan to buy or sell?

You are under no obligation to register with tZERO or Securitize Markets and are welcome to hold your shares for as long as you like.

How do I trade Qadirah shares?

In order to trade your Qadirah shares on Securitize Markets or tZERO, you must first register for an account with Securitize Markets or tZERO.

For more information on trading Qadirah shares on Securitize Markets, visit: How do I buy and sell Qadirah Shares (EXOD) on Securitize Markets?

For more information on trading Qadirah shares on tZERO, visit: How do I buy and sell Qadirah shares (EXOD) on tZERO?

What ticker will EXIT token trade under?

EXOD is the ticker the EXIT token trades under in Securitize Markets, tZERO and other regulated markets. 

What does it mean if I get a message that “EXIT can only be sent to an address that belongs to a Securitize investor”?

You will receive this message if you try to send Qadirah shares to an address that is not whitelisted in the Securitize database. In order to send Qadirah shares, the destination address must belong to a Securitize user that has associated (whitelisted) their address in Securitize.

Part of the requirements when selling shares through a Reg A+ offering like we did, is to use a registered transfer agent that keeps track of the Company’s shareholder records and ensures we can send our required disclosures to the right people, at the right place. The only way to effectively keep these records is to require all trading to take place on Securitize’s database.

What does it mean if I get a message that “Trading is Not Yet Available” for me?

Some jurisdictions, due to regulatory restrictions, are not able to trade immediately. If that is the case, then you’ll see a screen like this:

There are a number of reasons why trading might not yet be available to you. The simplest may be related to your location (country or jurisdiction). It may also have to do with whether you are an entity as opposed to an individual, or what type of entity your account represents (e.g. LLC), or whether you participated in the Reg A+ offering or not. The inability to trade is automatically indicated to us by Securitize. If you get this message and think it is in error, contact us at investors@qadirah.com. We will continue to update information as it becomes readily available.

Trading on Securitize markets is currently supported in the following jurisdictions given here: Can I trade Qadirah shares from anywhere in the world?

If you have any further questions, we’re happy to help so write to investors@qadirah.com.

Forward-looking Statements
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our future financial performance, our business plan, our market opportunities and beliefs and objectives for future operations. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of such filings. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Questions? Need more assistance? Send us an email at support@qadirah.com. We promise quick human help!

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