Galaxy Digital Targets Nasdaq Listing in May: Mike Novogratz’s Bold Move
Galaxy Digital is progressing towards a Nasdaq listing in May, contingent upon shareholder approval, as regulations surrounding digital assets become more defined.
The firm, led by Mike Novogratz, aims for a mid-May listing but requires final approval from its shareholders.
Recently, the company has been active in the market, having sold a portion of its Ethereum assets in exchange for Solana.
Galaxy Digital Aims For A Nasdaq Listing
Galaxy Digital, a financial services firm, has announced that its shares are set to commence trading on the Nasdaq Global Select Market.
As stated in a press release, the company aims for a listing date of May 16 on Nasdaq after fulfilling all regulatory requirements. Initially, shareholders of Galaxy Digital will cast their votes to approve a reorganization and relocation to Delaware.
After the shareholders' vote on May 9, the last step will be obtaining final approval from Nasdaq.
According to Galaxy Digital CEO Mike Novogratz, securing a listing on the Nasdaq would represent a significant turning point for Galaxy, enabling us to further our goal of creating a secure and efficient gateway for investors to access all aspects of the digital asset and artificial intelligence ecosystems.
