Galaxy Digital Moves Closer to U.S. Reorganization with SEC Approval

Galaxy Digital has officially achieved an important milestone in its quest to increase its footprint in the U.S. financial industry. On April 7, the organization announced Form S-4 filing was approved, thus allowing its previously announced plan to relocate its headquarters from the Cayman Islands to Delaware. This move will also introduce a new U.S.-based holding company called Galaxy Digital Inc., also known as “New Pubco.”

A Smooth Transition for Shareholders

The reorganization plan ensures that existing shareholders won’t lose any of their current economic interest or voting power. The company’s statement, shareholders will receive shares of New Pubco’s Class A common stock on a one-for-one basis. That means for every share currently held, shareholders will get an equal share in the new structure with no changes, just a fresh framework.

To finalize this transition, Galaxy has set up a special shareholder meeting on May 9, 2025. All shareholders on record as of April 7 will be eligible to vote. This meeting will mark the final step in the reorganization process.

Aiming for Nasdaq Listing with “GLXY” Ticker

One of the key goals of this move is to list the Class A common shares on the Nasdaq Global Select Market under the ticker symbol “GLXY.” Listing on Nasdaq is expected to bring Galaxy greater visibility and access to the broader U.S. investor base.

In support of this shift, Galaxy has partnered with TMX Investor Solutions Inc. to assist with the shareholder voting process. To keep things transparent and organized, shareholders will soon receive a detailed document outlining the entire reorganization, the reason behind it, and how the voting process will work.

Why This Move Matters for Galaxy

Galaxy Digital CEO Mike Novogratz summed up the significance of this step, stating, “This marks an important milestone for Galaxy, as we take a significant step toward advancing our mission of driving innovation and growth across digital assets and artificial intelligence infrastructure. We look forward to completing the transaction this quarter.”

Galaxy is already a known name in the world of institutional-level crypto services. From asset management and trading to tokenization, the company has built a solid presence in North America, Europe, and Asia. It has also, over the recent past, made considerable investments in high-performance computing and artificial intelligence, which are in line with its long-term vision.

Looking Ahead

With regulatory approval and a solid roadmap established, Galaxy Digital is ready to start anew. The transition to a U.S.-based company is a reflection of the company’s expansion and commitment to the ever-evolving digital asset universe. 

Shareholders and market watchers will be keenly interested in seeing what occurs at the next shareholder meeting and the anticipated listing under “GLXY.”

As the crypto and AI worlds continue to evolve, Galaxy seems well-positioned to lead from the front.