Galaxy Digital aims for Nasdaq launch in May after SEC nod

Galaxy Digital approaches its long -awaited beginnings on the US stock market after the Securities and Exchange Commission approved the company’s registration declaration.

According to the company’s official statement On April 7, the approved S-4 form relates to the previously announced plan of Galaxy to move the base of the Cayman Islands to Delaware and to establish a new Holding company based in the United States, Galaxy Digital Inc. (“New Pubco”).

Under reorganization, existing shareholders will receive ordinary actions of class A of New Pubco on a basis in one for one, without change of economic interest or voting power.

The company intends to list class A actions on the Nasdaq Global Select Market under the “Glxy” Ticker symbol. To finalize the reorganization, Galaxy has planned a special shareholder meeting for May 9, 2025. The shareholders recorded on April 7 are eligible to vote.

If it is approved, reorganization and registration should be completed in mid-May, pending final disconnection from the Toronto Stock Exchange, where Galaxy is currently listed. After the transaction, Galaxy Digital Inc. will remain registered on the TSX for a transition period, allowing a double rating of actions on the American and Canadian markets.

The CEO Mike Novogratz has described the development of “important milestone” and noted that the transition supports Galaxy’s wider mission to scale digital asset services and artificial intelligence infrastructure on regulated American markets.

“This marks an important step for the galaxy, because we make a significant step towards the progress of our mission to stimulate innovation and growth through digital assets and artificial intelligence infrastructure. We can’t wait to finish the transaction this quarter. ”

– Mike Novogratz, CEO of Galaxy Digital

To help supervise the shareholders’ voting procedure, Galaxy called on TMX Investor Solutions Inc. A document detailing the reorganization, its justification and voting procedures will soon be sent to shareholders.

Galaxy Digital is known to offer cryptocurrency services of institutional level, including trading, asset management and tokenization. The company, which grew up in North America, Europe and Asia, has also made investment In high performance IT infrastructure and AI.