Galaxy Digital Set to Blaze onto Nasdaq in May: A Crypto Giant's Leap Forward

The Countdown to Nasdaq Begins

Hang onto your hats, crypto fans! Galaxy Digital just dropped the bomb—they're gearing up to make their grand entrance onto Nasdaq this May. That's right, if shareholders give the green light and the final listing approval comes through, we're in for a wild ride!

Mark Your Calendars: May 16, 2025

Get ready to see Galaxy Digital's ticker symbol GLXY light up the Nasdaq Global Select Market starting May 16, 2025. They announced this game-changer on April 30, and it's got everyone buzzing!

A Transformative Milestone

CEO Mike Novogratz is calling this move a "transformative milestone." He's all about building that gateway to digital assets and AI, and this is a huge step in that direction. He's confident it'll boost shareholder value and pull in a whole new crowd of U.S. investors.

From Toronto to Nasdaq

Galaxy's already rocking the Toronto Stock Exchange with the GLXY ticker. After the big news, their shares shot up 3.94% on April 30, closing at a solid CAD $21.92. The excitement is real!

Shareholders, Get Ready to Vote

But hold up, before we can celebrate, Galaxy shareholders need to approve a major reorg and a shift from the Cayman Islands to Delaware. It's all happening at a special meeting on May 9. If the vote goes through, the new Galaxy Digital Inc., now a Delaware company, will take the stage as the U.S. public entity.

SEC Gives the Nod

Galaxy's already cleared a big hurdle with the U.S. Securities and Exchange Commission approving their Form S-4 registration statement on April 7. That's the blueprint for the reorg, and it means existing shareholders will swap their shares one-for-one, keeping their voting power and economic interest intact.

Voting Time

Eligible shareholders got their voting materials, and they're ready to make their voices heard at the May 9 meeting. If you were a shareholder on record as of April 7, you're in the game, and TMX Investor Solutions Inc. is handling the action.

Dual Listings and Beyond

Once Galaxy hits Nasdaq, they'll keep trading on the Toronto Stock Exchange for a bit, keeping those dual listings going strong in both the U.S. and Canada. And don't forget, those over-the-counter shares (BRPHF) will morph into Nasdaq-listed GLXY shares, all under one unified CUSIP code.

A Global Powerhouse

Headquartered in the Big Apple, Galaxy Digital isn't just stopping at Nasdaq. They've got offices all over North America, Europe, the Middle East, and Asia. This is a global powerhouse on the move, and we're all along for the ride!