Galaxy annouces intent to List on NASDAQ on May 16th
Galaxy Announces Intent to List on Nasdaq on May 16th. I am excited to announce that I will attend the NASDAQ bell ringing as a guest of Galaxy management, representing SWCM shareholders. Tune into CNBC at 9:30 a.m. on May 16th.
Listing contingent on shareholder approval of proposed reorganization and domestication at the previously announced May 9 Special Meeting of Shareholders and final approval of the listing by Nasdaq
NEW YORK – April 30, 2025 – Galaxy Digital Holdings Ltd. (TSX: GLXY) today announced that it intends to list on the Nasdaq Global Select Market on May 16, 2025. The proposed listing is subject to the satisfaction of all applicable legal and listing requirements, including shareholder approval of the previously announced reorganization and domestication (the “Reorganization”) at the Company’s Special Meeting of Shareholders (as defined below) scheduled for May 9, 2025, and final approval of the listing by Nasdaq.
“We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems,” said Mike Novogratz, CEO and Founder of Galaxy. “We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base.”
Pending the closing of the Reorganization and final approval by Nasdaq, Class A common stock of Galaxy Digital Inc., the newly formed public company incorporated in Delaware, is expected to begin trading on the Nasdaq on May 16, 2025, under the ticker symbol GLXY. For a period of time following Galaxy Digital Inc.’s intended listing on Nasdaq, it will remain listed on the TSX.
Existing GLXY shares trading on the Toronto Stock Exchange (“TSX”) will continue to trade, uninterrupted, under the new CUSIP 36317J209. Existing BRPHF shares trading over-the-counter will be converted into GLXY shares on Nasdaq, also under the CUSIP 36317J209. For more information, a Frequently Asked Questions document can be accessed here and on the Company's Investor Relations website.
Additional Information about the Reorganization, the Special Meeting and Where to Find It
In connection with the proposed Reorganization, Galaxy Digital Holdings Ltd. (the “Company”) and Galaxy Digital Inc. filed a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”), which contains a prospectus that will be used as a management information circular under United States securities law in connection with both (i) the solicitation of votes of the holders of ordinary shares of the Company (the “Shareholders”) to approve the Reorganization and (ii) the registration of Galaxy Digital Inc.’s shares of Class A common stock to be issued in connection with the Reorganization. The Registration Statement was declared effective by the SEC on April 7, 2025.
Shareholders and other interested persons may obtain a free copy of the Registration Statement and any other relevant documents filed or that will be filed with the SEC, free of charge, by the Company and Galaxy Digital Inc. from the SEC's website at https://www.sec.gov. The Meeting Materials have been filed by the Company on SEDAR+ and are available under the Company’s profile at www.sedarplus.ca. SHAREHOLDERS ARE ADVISED TO READ THE FINAL VERSIONS OF SUCH DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Copies of the final versions of such documents can also be obtained without charge, when available, via the Company's investor relations website: https://investor.galaxy.com.
About Galaxy
Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
Forward-Looking Statements
This document contains forward-looking statements under U.S. and Canadian securities laws, which include expectations and projections about future events—such as the completion of Galaxy Digital’s proposed reorganization, Nasdaq listing, and related business plans. These statements are not guarantees of future performance and are based on current assumptions that may change. Numerous risks and uncertainties could cause actual outcomes to differ materially, including regulatory approvals, market conditions, business disruptions, technological challenges, and shifts in the digital asset and AI sectors. Galaxy Digital disclaims any obligation to update these statements and advises investors not to place undue reliance on them.
No Offer or Solicitation
This announcement shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Reorganization. In addition, this announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No securities commission or securities regulatory authority in the United States or any other jurisdiction has in any way passed upon the merits of the Reorganization or the accuracy or adequacy of this communication.
Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.
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SOURCE Galaxy Digital Holdings Ltd.