SEC Clears Galaxy Digital Nasdaq Move with May 9 Vote Ahead

Galaxy Digital is getting closer to a Nasdaq listing as it pushes deeper into digital assets and AI. CEO Mike Novogratz confirmed that the company is targeting May 16 for the move, pending a shareholder vote scheduled for May 9.

Good to know

• Galaxy Digital is aiming for a Nasdaq listing under the ticker symbol GLXY on May 16, pending shareholder approval.
• The U.S. SEC declared Galaxy Digital’s registration effective on April 17.
• The firm has created a new Delaware-based public company structure for this transition.

The asset management firm has set up a new public entity incorporated in Delaware to facilitate the listing and plans to trade under the symbol GLXY. The U.S. Securities and Exchange Commission gave the green light by declaring the registration statement effective on April 17.

Novogratz shared the update through a public statement, highlighting the strategic value of the move. “Excited to share that Galaxy plans to list on Nasdaq on May 16, pending shareholder approval on May 9. We believe this listing will position Galaxy to better serve investors across the digital asset and AI ecosystems and help unlock the next phase of our growth.”

He added that going public on Nasdaq would represent a major step in the firm’s development, saying:

“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.

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.”

Galaxy Digital, known for its involvement in both cryptocurrencies and emerging AI investment areas, sees the Nasdaq platform as a way to gain more visibility and credibility in the U.S. financial markets.