Galaxy Digital Holdings Ltd. has announced that it plans to list its shares on the Nasdaq Global Select Market on May 16, 2025.
The listing is subject to several conditions, including final approval from Nasdaq and shareholder approval of a reorganization plan, according to the press release.
This plan, known as the “Reorganization,” will be voted on during a Special Meeting of Shareholders scheduled for May 9, 2025. If approved, the listing would mark a major shift for the company as it expands its reach to U.S. markets.
The listing will see Galaxy Digital Inc., a new company incorporated in Delaware, take over the Nasdaq listing under the ticker symbol “GLXY.”
The company says this change will not affect trading on the Toronto Stock Exchange (TSX), where shares will continue to trade under the new CUSIP number 36317J209. Over-the-counter shares currently trading under the ticker “BRPHF” will be converted into the new Nasdaq-listed GLXY shares, also under the same CUSIP.
CEO and founder Mike Novogratz called the move “a transformative milestone” for the company. He said, “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.”
To help shareholders understand the changes, the company has published a Frequently Asked Questions document on its investor relations website. Shareholders of record as of April 7, 2025, are allowed to vote at the Special Meeting.
A management information circular and other meeting materials were mailed on April 17, 2025. These documents include full details on the Reorganization, why the company’s board supports it, and how to vote.
The Reorganization includes moving the company from its current base in the Cayman Islands to the United States. A registration statement was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on April 7, 2025.
The SEC filing includes a prospectus explaining the Reorganization and what it means for shareholders. The company is also working with TMX Investor Solutions Inc. to help collect shareholder votes.
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