Why did I receive my EXIT tokens twice?

On August 16, 2021, at around 12:00 UTC, Securitize, our transfer agent, mistakenly sent out a set of duplicate transactions of EXIT tokens.

This resulted in approximately 300 investors receiving double the amount of EXIT tokens as the amount of Qadirah shares they had purchased.

EXIT tokens are digital representations of Qadirah Class A common stock. Since the number of Qadirah shares purchased remained the same, the extra EXIT tokens sent out did not accurately represent the Qadirah shares held by the investors affected.

Because the number of EXIT tokens sent out did not correspond to the number of Class A common stock purchased, Securitize, the transfer agent, reverted the erroneous transactions. This ensures that each EXIT token will continue to represent one share of Qadirah Class A common stock.

If you received a duplicate transaction that was then reverted, it will look like this:

After the reverted transaction, your balance of EXIT tokens will be correct.

To learn more, please visit our Knowledge Base article: What are digital Qadirah Common Stock Tokens?