Galaxy Digital gets SEC approval for Nasdaq listing and reorganization

Galaxy Digital Holdings has been approved by the U.S. Securities and Exchange Commission (SEC) to officially launch the restructuring plan!

Galaxy Digital has been approved by the SEC, and its Nasdaq listing and corporate structure restructuring plan has officially entered the next stage. The news was announced on Monday.

The SEC has approved the registration statement for Galaxy Digital. The move is a key step in the company's plan to move its corporate structure from the Cayman Islands to Delaware, and to simultaneously set up a new parent company, New PubCo.

"We are excited that the registration statement will take effect, which marks an important milestone in the development of Galaxy Digital and will further advance our innovation and growth in the fields of digital assets and artificial intelligence infrastructure. We thank the team for their hard work and look forward to completing this work and laying a solid foundation for future development."

Galaxy Digital Holdings will hold a special shareholders meeting on May 9 to vote on the Nasdaq listing and restructuring plans. The company's shares are currently listed on the Toronto Stock Exchange (TSX).

The key to this restructuring is to transfer the Galaxy Digital's listing location from TSX to Nasdaq. The company is currently awaiting final approval from TSX.

Galaxy Digital is reportedly expected to complete its reorganization by mid-May 2025 after receiving all necessary approvals. After the restructuring is completed, the company plans to list on Nasdaq under the stock code "GLXY". However, for some time, its stock will continue to be listed on TSX.

This listing will enhance Galaxy Digital's international popularity in the fields of digital assets and blockchain, especially in the US market. Entering one of the world's most well-known stock exchanges will help the company grow in the fields of digital assets and artificial intelligence infrastructure, which is also the core strategy of Galaxy Digital's development in recent years.

This restructuring is only an important stage of Galaxy Digital's transformation, marking the company's entry into a new stage of business operations.

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