Galaxy Digital, the crypto-focused financial services firm led by CEO Mike Novogratz, has announced plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “GLXY” on May 16, 2025.
This move follows approval of the company’s registration statement, a significant milestone that paves the way for expansion in the U.S. market.
The listing is contingent on shareholder approval of a proposed reorganization and redomiciling of the company from the Cayman Islands to Delaware. A special shareholder meeting is scheduled for May 9, 2025, to finalize this restructuring. If approved, Galaxy Digital will operate under a new Delaware-based holding company, Galaxy Digital Inc., making the Nasdaq listing possible.
Novogratz expressed optimism about the development, saying the listing will allow Galaxy to better serve investors across both the digital asset and AI ecosystems, unlocking the company’s next phase of growth.
Currently, Galaxy Digital is listed on the Toronto Stock Exchange (TSX) under the ticker “GLXY.” Shares will continue to trade on the TSX during the transition.
Over-the-counter shares (BRPHF) will be converted into Nasdaq-listed GLXY shares once the reorganization is complete.
This move is expected to raise Galaxy’s profile among U.S. investors and enhance regulatory alignment as it positions itself at the forefront of the growing digital finance and artificial intelligence sectors.
Kosta Gushterov
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Source: https://coindoo.com/galaxy-digital-to-list-on-nasdaq-on-may-16-announces-ceo-mike-novogratz/