Galaxy Digital Receives SEC Approval, Set to List on Nasdaq in May 2025!

Updated

April 9, 2025

Gambar Galaxy Digital Receives SEC Approval, Set to List on Nasdaq in May 2025!

Jakarta, Pintu News – Galaxy Digital is approaching its debut on the US stock market after receiving approval from the US Securities and Exchange Commission (SEC).

The former Cayman Islands-based company has received the green light for its reorganization plan into a holding company based in Delaware, United States, under the name Galaxy Digital Inc. (“New Pubco”).

Check out the full news below!

SEC Approval and Reorganization Plan

The SEC’s approval of Galaxy Digital’s Form S-4 is an important step in the company’s plan to move to Delaware. In this reorganization, existing shareholders will receive Class A shares of New Pubco on a one-for-one basis, with no change in economic interest or voting power.

The reorganization is expected to increase transparency and strengthen Galaxy Digital’s compliance with US stock market regulations.

Galaxy Digital CEO, Mike Novogratz, stated that this is an important milestone in the company’s mission to expand its digital asset services and artificial intelligence infrastructure in regulated markets in the US.

Also read: XRP Price Prediction April 9, 2025: 200 Million Ripple Whale Deal Catches Attention!

Nasdaq Listing Plan and Shareholder Meeting

digital galaxy — Source: Finance Magnets

Galaxy Digital plans to list its Class A shares on Nasdaq’s Global Select Market under the ticker symbol “GLXY”. To complete the reorganization, the company has scheduled a special meeting of shareholders on May 9, 2025. Shareholders of record as of April 7 are eligible to vote.

The Nasdaq listing is expected to increase Galaxy Digital’s visibility and accessibility among global investors. The process also marks the company’s move to strengthen its position in international financial markets, while maintaining its listing on the Toronto Stock Exchange (TSX) during the transition period.

Service and Infrastructure Expansion

Galaxy Digital is known as a provider of crypto services for institutions, which include trading, asset management, and tokenization. The company has expanded in North America, Europe, and Asia, and has made substantial investments in high-performance computing infrastructure and artificial intelligence.

This expansion not only increases Galaxy Digital’s capacity to serve a wider market, but also strengthens its position as a leader in financial technology innovation. With a stronger infrastructure, Galaxy Digital is poised to take a bigger role in the global digital finance ecosystem.

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