Market maker, Bitcoin miner, and general merchant bank Galaxy Digital has S-4 filing was approved by the SEC and will now seek a Nasdaq after moving from a Cayman Island entity to Delaware, SEC filings show.
“Galaxy Digital Inc. (‘Pubco’), a new Delaware-incorporated holding company, will become the successor public company of GDHL,” documents state.
CEO Michael Novogratz will retain effective control through new Class B shares post-reorganization, holding 59.9% of the public company’s voting power. Galaxy originally filed to list on the Nasdaq in 2022, but was delayed.
Currently listed on the TSX in Toronto, the company would likely dual-list and seek a delisting option in the future.
The company will hold a special meeting of investors May 9, with an anticipated listing under the GLXY ticker later that month, a Galaxy press release reads.
Edit (7:02 PM April 7, 2025): Altered headline to remove ‘re-applied’ language, as the original S-4 became effective by the SEC.
