Galaxy Digital Holdings Ltd. announced today that the US Securities and Exchange Commission (SEC) has declared effective the company’s Form S-4 registration statement which approves Galaxy’s planned reorganization and redomiciliation from the Cayman Islands to Delaware.
Galaxy Digital Moves to Delaware
A special meeting of Galaxy’s shareholders to approve the reorganization has been scheduled for May 9, 2025, at 10:00 a.m. ET.
The reorganization will occur via the establishment of Galaxy Digital Inc., a new Delaware holding company (“New Pubco”). The Nasdaq listing of Galaxy Digital under the ticker name GLXY will follow shortly after the completion of the reorganization.
Mike Novogratz, CEO and Founder of Galaxy Digital, expressed his enthusiasm stating, “We are pleased to announce the effectiveness of our registration statement with the SEC. This is an important step as we continue to innovate and drive growth across digital assets and AI infrastructure. We are excited to complete this transaction within the quarter.”
As per the official statement, holders of Galaxy’s ordinary shares as of April 7, 2025, are entitled to notice of the special meeting and can vote on the reorganization. The company will file a Canadian management information circular and a prospectus, which will be mailed to shareholders.
The company anticipates that the reorganization will close in mid-May, depending on a shareholder and Toronto Stock Exchange (TSX) approval. Once completed, Galaxy expects to list on Nasdaq, though New Pubco will remain listed on the TSX for a period following the Nasdaq listing.
The relocation of Galaxy Digital comes as the US, under the leadership of Donald Trump, seeks to attract companies with its newly crypto-friendly policies.
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