Galaxy Digital Secures SEC Approval for Nasdaq Listing

Galaxy Digital Holdings Ltd., a leading firm in the digital assets and AI infrastructure sectors, has secured approval from the U.S. Securities and Exchange Commission (SEC) to list its shares directly on the Nasdaq Stock Exchange. This development coincides with the company's plans to redomicile from the Cayman Islands to Delaware, aiming to improve operational flexibility and regulatory compliance.

The SEC's approval is a pivotal moment for Galaxy Digital, headed by billionaire Michael Novogratz. The company intends to convene a special meeting of its shareholders on May 9, 2025, at 10:00 a.m. Eastern Time. This meeting will address the approval of the reorganization and the subsequent Nasdaq listing. The reorganization involves transitioning the company's domicile from the Cayman Islands to Delaware, a jurisdiction renowned for its business-friendly regulations and strong legal framework.

The strategic decision to list on the Nasdaq is aimed at leveraging the exchange's global reach and liquidity. This move is expected to enhance Galaxy Digital's visibility and access to a broader investor base, potentially attracting more institutional and retail investors. Additionally, aligning with the Nasdaq's stringent listing requirements is anticipated to bolster the company's credibility and transparency.

The SEC's approval underscores Galaxy Digital's dedication to regulatory compliance and its efforts to establish a sustainable and transparent business model. The company's focus on digital assets and AI infrastructure positions it well to benefit from the increasing demand for innovative financial technologies. By listing on the Nasdaq, Galaxy Digital aims to strengthen its leadership in the digital assets space and drive further growth and innovation in the sector.

The Nasdaq listing is expected to be a significant advancement for Galaxy Digital as it seeks to expand its presence in the U.S. market and beyond. The company's emphasis on digital assets and AI infrastructure aligns with the broader trend of technological advancements in the financial sector. As the demand for digital assets continues to grow, Galaxy Digital is well-positioned to capitalize on this trend and drive further innovation in the industry.