Galaxy Digital gains SEC approval for Delaware move; Nasdaq listing expected in May

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The Block2025/04/06 16:00

By:By Danny Park

Quick Take Crypto financial services firm Galaxy Digital said the SEC has cleared its registration statement to move to Delaware from the Cayman Islands. The firm said it plans to list on Nasdaq next month, under ticker GLXY.

Galaxy Digital gains SEC approval for Delaware move; Nasdaq listing expected in May image 0

Galaxy 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 content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Coinomedia•2025/04/25 23:55