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Galaxy Digital Gains SEC Approval for Nasdaq Listing and Reorganization

  • 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.

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