Odaily News Crypto financial services company Galaxy Digital announced that the U.S. Securities and Exchange Commission (SEC) has approved its S-4 registration statement, allowing the company to relocate from the Cayman Islands to Delaware. The company said it expects to list on the Nasdaq in May under the ticker GLXY.
The company will hold a special shareholders' meeting on May 9 to approve the reorganization. If it is approved, the relocation is expected to be completed in mid-May and the Nasdaq listing will be launched at the same time.
Galaxy Digital is currently listed on the Toronto Stock Exchange and the restructuring still requires approval from the exchange.
In addition, Galaxy recently agreed to pay a $200 million settlement to the New York Attorney General's Office to resolve an investigation into alleged misconduct in its promotion of Luna coin. (The Block)