
Crypto and AI Firm Galaxy Announces 16 May Target for Nasdaq Listing

Galaxy Digital Holdings Ltd plans to list on the Nasdaq Global Select Market on 16 May 2025, pending shareholder approval and final exchange authorisation.
The cryptocurrency and AI infrastructure firm, currently listed on the Toronto Stock Exchange (TSX: GLXY), announced on Tuesday that the proposed listing hinges on shareholders approving a reorganisation and domestication plan at a special meeting scheduled for 9 May.
"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 would be value enhancing to the company and our shareholders and enable us to attract a broader investor base."
If the reorganisation closes and Nasdaq grants final approval, Class A common stock of Galaxy Digital Inc—the newly formed public company incorporated in Delaware—will begin trading under the ticker symbol GLXY. The company will maintain its TSX listing for a period following the Nasdaq debut.
Existing shares on the Toronto Stock Exchange will continue trading uninterrupted under a new CUSIP number (36317J209), while over-the-counter BRPHF shares will convert to GLXY shares on Nasdaq under the same CUSIP.
The company filed a registration statement with the US Securities and Exchange Commission (SEC) in preparation for the move, which was declared effective on 7 April. Galaxy subsequently distributed meeting materials to shareholders on 17 April, detailing the reorganisation plan that received unanimous recommendation from the special committee of independent directors.
Galaxy describes itself as a global leader in digital assets and data centre infrastructure, providing solutions across finance and artificial intelligence. The firm offers institutional services including trading, advisory, asset management and tokenisation technology, while also investing in data centre infrastructure to support AI and high-performance computing.
Shareholders of record as of 7 April 2025 are eligible to vote at the upcoming special meeting, with proxy solicitation assistance provided by TMX Investor Solutions Inc.
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