Galaxy Digital has received approval from the US Securities and Exchange Commission (SEC) to list on the Nasdaq stock exchange, moving from the Toronto Stock Exchange (TSX). The company plans to change its headquarters from the Cayman Islands to Delaware, citing a favorable corporate environment that will enhance its competitiveness with other public firms. The SEC registration statement is effective, with plans to go public on Nasdaq under the ticker symbol GLXY following a shareholder vote set for May 9. Galaxy's CEO, Michael Novogratz, noted that he will maintain nearly 60% of the voting power after the reorganization. The company’s share price on the TSX recently dropped by 8%, trading at $12.30 CAD ($8.70 USD) on the news. The stock, which was listed in July 2015, peaked at just under $50 CAD ($35 USD) in November 2021. Galaxy's choice for relocating to Delaware stems from the state’s legal infrastructure that supports corporations and aligns with legal trends.

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