Galaxy Digital Advances toward U.S. Stock Market Debut
Galaxy Digital is inching closer to its U.S. stock market debut. The Securities and Exchange commission (SEC) has approved the company’s registration statement. this move is a significant step for Galaxy Digital.
On April 7, Galaxy Digital announced the SEC’s approval of Form S-4. This form is linked to the company’s plan to move from the Cayman Islands to Delaware. They will set up a new U.S.-based holding company, Galaxy Digital Inc. (“New Pubco”).
Existing shareholders will receive New Pubco’s Class A common stock on a one-for-one basis. Their economic interest and voting power will remain unchanged. The firm plans to list these shares on the nasdaq Global Select Market under the ticker “GLXY.”
A special shareholder meeting is set for May 9, 2025.Shareholders as of April 7 can vote. If approved, the reorganization and listing should be complete by mid-May. This is pending final approval from the Toronto Stock Exchange (TSX), where Galaxy is currently listed.
Galaxy Digital CEO, mike novogratz, views this as a crucial milestone. He believes it will help scale digital asset services and AI infrastructure in regulated U.S. markets.
TMX Investor Solutions Inc.will assist with the shareholder voting process. A document detailing the reorganization and voting procedures will be sent to shareholders soon.
Galaxy Digital offers institutional-level cryptocurrency services like trading and asset management. They have a presence in North America, Europe, and Asia, with investments in high-performance computing and AI.
