Nasdaq Set to Welcome Galaxy Digital After SEC Greenlight and Shareholder Approval
Galaxy Digital Holdings Ltd. announced on April 30 that it plans to begin trading on the Nasdaq Global Select Market on May 16, 2025. The firm emphasized that the move hinges on the outcome of a May 9 shareholder meeting, where investors will vote on a proposed corporate reorganization and change of domicile. The listing is also subject to Nasdaq’s final authorization. If approved, Galaxy Digital Inc., a new entity incorporated in Delaware, will list its Class A common shares under the ticker symbol GLXY.
Galaxy’s CEO and founder, Mike Novogratz, commented on the planned transition:
We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.
The company stated that its shares listed on the Toronto Stock Exchange (TSX) will remain unaffected under the new CUSIP 36317J209. It also said TSX trading will continue for a period after its Nasdaq listing. Shares traded over the counter under the BRPHF symbol will convert to Nasdaq-listed GLXY shares using the same identifier.
Galaxy noted that it filed a registration statement (Form S-4) with the U.S. Securities and Exchange Commission (SEC), which became effective on April 7, and mailed shareholder materials on April 17 in accordance with Cayman Islands and Canadian laws. Shareholders of record as of April 7 will be eligible to vote. Galaxy is urging investors to review the final documents available via the SEC, SEDAR+, and its investor relations website, stressing the significance of the information.
Novogratz further stated:
We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base.
