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Crypto Investment Giant Galaxy Digital Gets Green Light From SEC for Nasdaq Listing
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04-10 16:01
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The crypto investment giant Galaxy Digital plans to list on the Nasdaq next month. The U.S. Securities and Exchange Commission (SEC) has green lit the firm's registration statement relating to its reorganization and domestication from the Cayman Islands to Delaware, per a new press release.
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The crypto investment giant Galaxy Digital plans to list on the Nasdaq next month.

The U.S. Securities and Exchange Commission (SEC) has green lit the firm’s registration statement relating to its reorganization and domestication from the Cayman Islands to Delaware, per a new press release.

Galaxy has scheduled a shareholder meeting for May 9th to approve the reorganization. Pending approval, Class A common stock of Galaxy Digital Inc., a new Delaware holding company, will list on the Nasdaq under the ticker symbol GLXY.

The reorganization materialized shortly after the firm closed out legal troubles with American regulators: Last month, Galaxy settled with the New York State Attorney General for $200 million after facing allegations that it illegally propped up the ill-fated LUNA token.

New York Attorney General Letitia James alleges Terra founder Do Kwon recruited Galaxy Digital to purchase LUNA tokens and advocate for his project in the West.

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