Galaxy Digital’s Epic Nasdaq Journey: You Won’t Believe What’s Happening!

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Hold on to your hats, ladies and gentlemen, because Galaxy Digital Holdings Ltd. has decided to do something truly remarkable. The company has announced, with all the pomp and circumstance it can muster, that it plans to list its shares on the Nasdaq Global Select Market on May 16, 2025. Yes, you heard that right—*Nasdaq*! They’re not just playing in the sandbox anymore. No, no. They’re moving to the big leagues. And the whole world gets to watch it unfold. Thrilling, isn’t it? 😲

But wait—don’t get too excited just yet. There are some conditions, because why would things be easy? The listing is still subject to several conditions, including final approval from Nasdaq (we all know how fast *that* can happen) and the ever-so-important shareholder approval of a reorganization plan. You know, the usual red tape. 🎭

Now, here comes the juicy part. This so-called “Reorganization” will be voted on during the Special Meeting of Shareholders scheduled for May 9, 2025. If the plan gets a thumbs up (fingers crossed, folks), then Galaxy Digital will have its *big moment*, expanding its reach to U.S. markets. A major shift, if you will, but let’s not start printing the victory banners just yet. 😉

The listing will be under a brand-new banner, as Galaxy Digital Inc., a company freshly minted in Delaware (because, why not?), takes over the Nasdaq listing. Their new ticker symbol? “GLXY”—because who needs to be *boring* with a dull ticker? 🚀

But here’s the plot twist: This new shiny listing won’t mess with their status on the Toronto Stock Exchange (TSX). Oh no. The shares will continue to trade under their fancy CUSIP number 36317J209, just as before. For those brave souls holding over-the-counter shares under the ticker “BRPHF,” don’t worry. Those will be converted into the shiny new GLXY shares, same CUSIP, new adventure. 🧐

Mike Novogratz, the ever-enthusiastic CEO and founder, called this move “a transformative milestone.” (If you don’t get chills hearing that, you’re probably made of stone.) He goes on to explain that this Nasdaq listing is just the beginning of Galaxy’s quest to build “a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.” No big deal, just changing the world, one ticker at a time. 🌍💡

For those of you who are wondering what in the world is going on and how this affects your precious shares, fret not! The company has graciously published a Frequently Asked Questions document on its investor relations website. You’re welcome. Shareholders of record as of April 7, 2025, get to have their say at the Special Meeting. Lucky you. 😏

Of course, they’ve also mailed out a management information circular and all the other delightful paperwork on April 17, 2025. These documents will explain why the company’s board is *so* in love with this idea and how to cast your vote. Spoiler: there’s a lot of legal jargon. 📜

In a final flourish, the Reorganization will move the company from its current tropical base in the Cayman Islands to the United States. A *real* homecoming. This registration statement was filed with the U.S. Securities and Exchange Commission (SEC) and, lo and behold, it became effective on April 7, 2025. The SEC filing includes a handy-dandy prospectus for shareholders. As if that wasn’t enough, the company is also teaming up with TMX Investor Solutions Inc. to collect your oh-so-important votes. Let’s hope they’re *efficient*. 😅

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2025-04-30 20:04