Galaxy Digital Approved for Nasdaq Listing After SEC Greenlight

Galaxy Digital Holdings Ltd. has received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement, marking a pivotal step in its reorganization and domestication from the Cayman Islands to Delaware. This development is integral to Galaxy's plan to list its Class A common stock on the Nasdaq Global Select Market. The company aims to finalize this transaction by mid-May, pending shareholder and Toronto Stock Exchange (TSX) approvals. The Nasdaq listing is contingent on the successful completion of the reorganization and adherence to all Nasdaq listing requirements.

Mike Novogratz, CEO and Founder of Galaxy, welcomed the SEC's approval, highlighting that this milestone is a significant advancement in the company's mission to drive innovation and growth in digital assets and artificial intelligence infrastructure. Galaxy is set to list on Nasdaq under the ticker symbol GLXY following a special meeting of shareholders scheduled for May 9, 2025. This meeting will focus on approving the reorganization and related transactions.

Shareholders of Galaxy's ordinary shares as of the close of business on April 7, 2025, will receive notice of the special meeting and have the opportunity to vote on the reorganization. The company will file a Canadian management information circular and a prospectus, which will be promptly mailed to shareholders and made available on the SEDAR+ website. Additionally, a Frequently Asked Questions document will be accessible on Galaxy's Investor Relations website.

The reorganization involves the creation of a new Delaware holding company, Galaxy Digital Inc., which will issue Class A common stock. Post-reorganization, New Pubco will remain listed on the TSX while also being listed on Nasdaq. This dual listing strategy aims to provide shareholders with continued access to the company's stock while leveraging the benefits of a U.S. listing.

Galaxy Digital Holdings Ltd. is a global leader in digital assets and data center infrastructure, offering solutions that accelerate progress in finance and artificial intelligence. The company's digital assets platform provides institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. Additionally, Galaxy invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

The information provided in this announcement may contain forward-looking statements, which are subject to various risks and uncertainties. These statements include expectations regarding the timing and consummation of the reorganization, listing on Nasdaq, continued listing on the TSX, and the Special Meeting. Factors that could cause actual results to differ materially from these forward-looking statements include the inability to complete the proposed reorganization and/or Nasdaq listing, changes to the proposed structure of the reorganization, the risk of disruption to current plans and operations, and other economic, business, and competitive factors. Galaxy is not undertaking any obligation to update or revise any forward-looking statements.