Galaxy Digital Advances Toward U.S. stock Market Debut
Galaxy Digital is one step closer to its U.S.stock market debut. The Securities and Exchange Commission (SEC) has approved the company’s registration statement. This move supports Galaxy’s plan to shift its base from the Cayman Islands to Delaware.
Galaxy will establish 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, maintaining their economic interest and voting power.
The firm aims to list the Class A 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 are eligible to vote.
If approved, the reorganization and listing should be complete by mid-May, pending final approval from the Toronto Stock Exchange. Galaxy will remain listed on the TSX for a transitional period,enabling dual listing across U.S. and canadian markets.
CEO Mike Novogratz views this as a meaningful milestone. “This step advances our mission to scale digital asset services and AI infrastructure in regulated U.S. markets,” he said.
Galaxy digital offers institutional-level crypto services, including trading and asset management. The company has expanded across North America, Europe, and Asia, investing in high-performance computing and AI.
To assist with shareholder voting, Galaxy has partnered with TMX Investor Solutions Inc. A detailed document on the reorganization and voting procedures will be sent to shareholders soon.
