Galaxy Digital has gained SEC approval for a Nasdaq listing and reorganization, marking a significant milestone in the company's expansion plans in the U.S. market.
The approval allows Galaxy Digital to move its corporate structure from the Cayman Islands to Delaware and establish a new parent company called New Pubco to oversee the transition.
A special shareholder meeting will be held on May 9 to vote on the proposed reorganization, including the move from the Toronto Stock Exchange to the Nasdaq Stock Exchange.
The reorganization and Nasdaq listing are expected to enhance Galaxy Digital's visibility and growth in the digital asset and blockchain space, particularly in the U.S. market.