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 on Form S-4. This approval is a crucial step in the company's strategic repositioning and relocation from the Cayman Islands to Delaware, as well as its plans to list on the Nasdaq Global Select Market. The reorganization involves the creation of a new Delaware holding company, Galaxy Digital Inc., which will issue Class A common stock.

The company has scheduled a Special Meeting of Shareholders for May 9, 2025, to approve the reorganization. Following the meeting, Galaxy Digital anticipates listing on Nasdaq under the ticker symbol GLXY, subject to the completion of the reorganization and fulfillment of all Nasdaq listing requirements. Shareholders of record as of April 7, 2025, will be entitled to vote at the Special Meeting. Galaxy will file a Canadian management information circular and a prospectus, which will be mailed to shareholders and made available on SEDAR+.

The reorganization is expected to close in mid-May, contingent on shareholder and Toronto Stock Exchange (TSX) approval. Post-reorganization, Galaxy Digital Inc. will remain listed on the TSX for a period. The company has also engaged TMX Investor Solutions Inc. to assist with the solicitation of proxies, and shareholders with questions on voting their shares can contact the firm directly.

Galaxy Digital, headquartered in New York City, is a global leader in digital assets and data center infrastructure. The company's digital assets platform offers 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's forward-looking statements include expectations regarding the completion of the reorganization, Nasdaq listing, continued listing on the TSX, and the Special Meeting. These statements are subject to various risks and uncertainties, including the inability to complete the proposed reorganization and Nasdaq listing, changes to the proposed structure, the ability to meet and maintain listing standards, and potential disruptions to current plans and operations. The company has outlined several risks, such as costs related to AI/HPC plans, changes in applicable laws or regulations, and the possibility of adverse economic, business, or competitive factors impacting the cryptocurrency and AI/HPC industry.