Overview

• Galaxy Digital received SEC approval to proceed with its corporate reorganization, a key step toward its planned Nasdaq listing.
• The company plans to redomicile from the Cayman Islands to Delaware, aligning with U.S. corporate governance standards.
• A shareholder vote scheduled for May 9 will determine the final approval of the reorganization and Nasdaq listing plans.
• Galaxy Digital will maintain dual listings on Nasdaq and the Toronto Stock Exchange during a transitional period following the reorganization.
• CEO Mike Novogratz will retain nearly 60% of voting power post-reorganization, while U.S. shareholder restrictions will be lifted.