Galaxy Digital Rockets Toward U.S. Stock Market Debut!

SEC Greenlights the Move, Setting the Stage for a Nasdaq Listing

Buckle up, crypto fans! Galaxy Digital is blasting off toward its long-awaited U.S. stock market debut after the Securities and Exchange Commission gave the thumbs up to the company's registration statement. This is huge news for the crypto world!

On Apr. 7, Galaxy dropped the bomb that the SEC had approved their Form S-4. This is all part of their master plan to ditch the Cayman Islands and set up shop in Delaware with a shiny new U.S.-based holding company, Galaxy Digital Inc. ("New Pubco").

Here's the deal: existing shareholders will swap their shares for New Pubco's Class A common stock, one-for-one. No changes in economic interest or voting power, so everyone's still in the game!

Get ready for the ticker symbol "GLXY" to light up the Nasdaq Global Select Market. Galaxy's got a special shareholder meeting locked in for May 9, 2025, to seal the deal. If you were a shareholder on Apr. 7, you're in the voting club!

If all goes according to plan, the reorganization and listing should be wrapped up by mid-May, but they're still waiting on the final nod from the Toronto Stock Exchange, where Galaxy's currently hanging out. After the switch, Galaxy Digital Inc. will keep a spot on the TSX for a bit, giving us a sweet dual listing across the U.S. and Canadian markets.

CEO Mike Novogratz is pumped, calling this move "an important milestone" that'll help Galaxy scale up their digital asset services and AI infrastructure in the regulated U.S. markets. He's all about driving innovation and growth in the crypto and AI space!

"This marks an important milestone for Galaxy, as we take a significant step toward advancing our mission of driving innovation and growth across digital assets and artificial intelligence infrastructure. We look forward to completing the transaction this quarter."

- Mike Novogratz, Galaxy Digital CEO

To keep things smooth, Galaxy's tapped TMX Investor Solutions Inc. to help with the shareholder voting process. They'll be sending out a doc soon, breaking down the reorganization, why it's happening, and how to cast your vote.

Galaxy Digital's no stranger to the crypto scene, offering top-notch services like trading, asset management, and tokenization for institutions. They've been expanding like crazy across North America, Europe, and Asia, and they're not stopping there. They're also diving deep into high-performance computing and AI, making big moves in the tech world!