Good News, Bad News: Galaxy Gets Nasdaq Nod, Pays $200M Luna Penalty
- Galaxy Digital receives SEC approval for Nasdaq listing (ticker GLXY), eyes mid-May debut
- Firm relocating to Delaware, settles NY AG Luna promotion case for $200 million
- CEO Novogratz celebrates listing nod but expresses bearish sentiment on Ethereum
Mike Novogratz’s crypto investment firm Galaxy Digital received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Stock Exchange.
This marks a key moment for the firm, currently trading in Toronto, as it seeks a larger presence in U.S. capital markets.
Nasdaq Listing and Delaware Relocation Planned
The Nasdaq listing is expected shortly after a shareholder vote on May 9th. It’s part of a larger corporate restructuring that includes relocating Galaxy’s home base from the Cayman Islands to Delaware. Galaxy stated this move offers a “favorable corporate environment” better aligned with other U.S. publicly traded companies.
“Let’s go!” Novogratz posted on X, celebrating the SEC approval. If remaining approvals (shareholder, TSX) proceed, Galaxy plans to trade under the ticker GLXY by mid-May. The company cited Delaware’s established corporate laws and r…
The post Good News, Bad News: Galaxy Gets Nasdaq Nod, Pays $200M Luna Penalty appeared first on Coin Edition.
Read More
SEC’s Regulatory Policy Shift: 12 Crypto Cases Dropped This Year
Motion Granted: Second Circuit Court Pauses SEC vs Ripple Appeal for Talks
Good News, Bad News: Galaxy Gets Nasdaq Nod, Pays $200M Luna Penalty
- Galaxy Digital receives SEC approval for Nasdaq listing (ticker GLXY), eyes mid-May debut
- Firm relocating to Delaware, settles NY AG Luna promotion case for $200 million
- CEO Novogratz celebrates listing nod but expresses bearish sentiment on Ethereum
Mike Novogratz’s crypto investment firm Galaxy Digital received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Stock Exchange.
This marks a key moment for the firm, currently trading in Toronto, as it seeks a larger presence in U.S. capital markets.
Nasdaq Listing and Delaware Relocation Planned
The Nasdaq listing is expected shortly after a shareholder vote on May 9th. It’s part of a larger corporate restructuring that includes relocating Galaxy’s home base from the Cayman Islands to Delaware. Galaxy stated this move offers a “favorable corporate environment” better aligned with other U.S. publicly traded companies.
“Let’s go!” Novogratz posted on X, celebrating the SEC approval. If remaining approvals (shareholder, TSX) proceed, Galaxy plans to trade under the ticker GLXY by mid-May. The company cited Delaware’s established corporate laws and r…
The post Good News, Bad News: Galaxy Gets Nasdaq Nod, Pays $200M Luna Penalty appeared first on Coin Edition.
Read More
SEC’s Regulatory Policy Shift: 12 Crypto Cases Dropped This Year