Galaxy Digital confirms Nasdaq debut in May, with shareholder vote ahead

Galaxy Digital has confirmed its plans to debut on Nasdaq in May, pending shareholder and final listing approval. According to an April 30 announcement , the crypto investment firm aims to begin trading on the Nasdaq Global Select Market under the ticker symbol GLXY on May 16, 2025. The move marks a major step in Galaxy’s long-anticipated transition to U.S. markets, which CEO Mike Novogratz described as a “transformative milestone” that supports the firm’s mission of building a gateway to digital assets and AI. Novogratz added that the Nasdaq listing would enhance shareholder value and attract a broader base of U.S. investors. Galaxy is currently listed on the Toronto Stock Exchange under the ticker GLXY. Following the announcement, its shares rose 3.94% on April 30 to close at CAD $21.92 according to Google Finance data . Before the listing can go live, Galaxy shareholders must first approve a proposed reorganisation and corporate shift from the Cayman Islands to Delaware. You might also like: Bitcoin miners may find better returns in AI than crypto, Novogratz’s Galaxy Digital suggests A special shareholder meeting is scheduled for May 9, and if the resolution passes, the newly formed Galaxy Digital Inc., incorporated in Delaware, will take over as the publicly listed entity in the U.S. The company has already cleared a major hurdle, with the U.S. Securities and Exchange Commission approving its Form S-4 registration statement on April 7. That filing outlines the details of the reorganisation, including a one-for-one share exchange for existing shareholders with no change in voting power or economic interest. Galaxy has sent voting materials to eligible shareholders ahead of the May 9 meeting, outlining the details of the reorganisation and how to cast their vote. Shareholders of record as of April 7 are eligible to participate, with TMX Investor Solutions Inc. handling the process. Once listed on Nasdaq, Galaxy Digital Inc. will continue trading on the Toronto Stock Exchange for a transitional period, maintaining dual listings in both the U.S. and Canada. Over-the-counter shares (BRPHF) will also convert into Nasdaq-listed GLXY shares under a unified CUSIP code. Galaxy is headquartered in New York, with offices across North America, Europe, the Middle East, and Asia. Read more: Galaxy Digital proposes new voting framework to reduce Solana inflation