Galaxy Digital receives SEC approval to relocate headquarters, moving ahead with Nasdaq listing next month

Galaxy Digital, a cryptocurrency financial services company, has received approval from the U.S. Securities and Exchange Commission (SEC) to register to relocate its headquarters to Delaware.
Galaxy announced that it has received approval for its filing documents. As a result, Galaxy plans to proceed with its Nasdaq IPO next month. According to The Block on the 7th (local time), Galaxy announced in a statement on the same day that
Galaxy announced that the SEC had approved its S-4 registration document, which includes a plan to relocate its headquarters from the Isle of Man to Delaware, in order to strengthen its presence in the United States.
The move comes as part of a restructuring plan aimed at accelerating the company's entry into the U.S. market as a financial services company focused on artificial intelligence (AI) and cryptocurrency.
The company plans to hold a special shareholders' meeting on May 9 to give final approval to the reorganization plan, and will immediately rename itself "GLXY" once shareholders have given their consent.
Galaxy plans to list on the Nasdaq under the ticker symbol Galaxy. Galaxy is currently listed on the Toronto Stock Exchange (TSX) in Canada.
Mike Novogura, Founder and CEO of Galaxy Digital
"The approval of registration and the move towards a Nasdaq listing are important milestones for Galaxy," Galaxy said in a statement.
The restructuring process is expected to be completed in mid-May.