Galaxy Digital has completed its corporate reorganization from the Cayman Islands to Delaware as part of its long-anticipated U.S. expansion.
The move paves the way for its Class A shares to begin trading on the Nasdaq this Friday, pending final approval.
The crypto asset manager, led by CEO Mike Novogratz, received SEC approval last month for its S-4 registration statement and held a shareholder vote on May 9 to support the redomiciling. The Toronto Stock Exchange, where Galaxy is currently listed, also approved the transition.
Novogratz called the development “an important milestone” in Galaxy’s journey to becoming a U.S.-based public company, reinforcing its commitment to the U.S. market and regulatory transparency.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/galaxy-digital-finalizes-u-s-move-ahead-of-nasdaq-listing/