SEC greenlights Galaxy Digital reorg as possible May Nasdaq listing looms

Galaxy Digital Holdings aims to finalize its Nasdaq listing with a shareholder vote scheduled for May 9, 2025. The SEC’s green light allows the company to shift its registration from the Cayman Islands to Delaware, promoting a favorable corporate environment.

CEO Mike Novogratz expresses confidence in the upcoming listing, expecting completion shortly after the vote. Current shareholders are set to convert their Class A ordinary shares to Class A common stock on a one-for-one basis for a seamless transition.

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