Galaxy Digital gains SEC approval for Delaware move; Nasdaq listing expected in May
Shirl SteinkirchnerGalaxy Digital announced Monday that the U.S. Securities and Exchange Commission has approved its S-4 registration statement regarding the company's domestication to Delaware from the Cayman Islands.
The registration is part of the crypto and AI-focused financial services firm's U.S. expansion, with plans to list on Nasdaq next month.
The company said in the statement that it will hold a special shareholder meeting on May 9 to approve the reorganization, and the Nasdaq listing under ticker GLXY is expected shortly after clearance from shareholders.
"This marks an important milestone for Galaxy," said Mike Novogratz, CEO and founder of Galaxy.
Galaxy wrote that the reorganization process will likely close in mid-May, subject to shareholder approval and the Toronto Stock Exchange, where it is currently listed.
Meanwhile, Galaxy recently agreed to a $200 million settlement with the New York Attorney General's office following an investigation into the firm's alleged wrongdoings while promoting Luna cryptocurrency, the sister coin to TerraUSD that together collapsed in 2022.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
FinanceWiki tiene el propósito de entregar creaciones de usuario, pero no significa aceptar con sus puntos de vista o confirmar la autenticidad de su contenido. Por favor, haga su propio juicio al leer y navegar. Los artículos son publicados por usuarios registrados en FinanceWiki, no por FinanceWiki. Si hay alguna infracción, póngase en contacto con nosotros a tiempo para su procesamiento, y le responderemos y lo resolveremos lo antes posible.
