Digital asset firm Galaxy Digital has taken another step in its relocation from the Cayman Islands to Delaware by filing a registration statement with the Securities and Exchange Commission (SEC).
- The domestication move also comes with a planned listing of Class A common stock on Nasdaq under the GLXY ticker symbol. Galaxy Digital, which was founded by Mike Novogratz, currently trades on the Toronto stock exchange under the same symbol.
- The process is undergoing an SEC review, and the new listing is dependent on stock exchange approval.
- The proposed reorganization is also subject to approval by Galaxy Digital shareholders and the applicable regulatory authorities, including the Toronto Stock Exchange.
- In November, Galaxy Digital said it agreed to sell $500 million worth of notes exchangeable for shares in a private placement.
Read more: Galaxy Digital Reports Q3 Earnings of $517M