Galaxy Digital gains SEC approval for Delaware move; Nasdaq listing expected in May
Quick Take Crypto financial services firm Galaxy Digital said the SEC has cleared its registration statement to move to Delaware from the Cayman Islands. The firm said it plans to list on Nasdaq next month, under ticker GLXY.
Galaxy Digital announced Monday that the U.S. Securities and Exchange Commission has approved its S-4 registration statement regarding the company's domestication to Delaware from the Cayman Islands.
The registration is part of the crypto and AI-focused financial services firm's U.S. expansion, with plans to list on Nasdaq next month.
The company said in the statement that it will hold a special shareholder meeting on May 9 to approve the reorganization, and the Nasdaq listing under ticker GLXY is expected shortly after clearance from shareholders.
"This marks an important milestone for Galaxy," said Mike Novogratz, CEO and founder of Galaxy.
Galaxy wrote that the reorganization process will likely close in mid-May, subject to shareholder approval and the Toronto Stock Exchange, where it is currently listed.
Meanwhile, Galaxy recently agreed to a $200 million settlement with the New York Attorney General's office following an investigation into the firm's alleged wrongdoings while promoting Luna cryptocurrency, the sister coin to TerraUSD that together collapsed in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
