Crypto Investment Giant Galaxy Digital plans to list it on Nasdaq next month.
The US Securities and Stock Exchange Commission (SEC) has a new way of registration on the restructuring of the company and the domestication of Cayman Islands to Delaware. Press release.
Galaxy planned a shareholder meeting on May 9 to confirm the restructuring. The waiting Onay will list Nasdaq under the Glxy symbol, the A Class A stock of the Galaxy Digital Inc., a new Delaware Holding company.
The restructuring took place shortly after the firm closed legal problems with American organizers: Last month, Galaxy settled for $ 200 million with the New York State Chief Public Prosecutor after encountering allegations that he supported the malicious Luna token illegally.
New York Chief Prosecutor Letitia James allegations Terra founder Do Kwon hired Galaxy Digital to buy Luna Tokens and defend his project in the West.
James said that the investment company, which does not accept or rejected AG’s claims, bought 18.5 million Luna from Terraform Labs in October 2020, received $ 0.22 per jeton and received approximately 30% discount on the market price of $ 0.31.
“AS Michael Novogratz, Galaxy’s Founder and Chief Executive Office, Later Said, Galaxy Helped ‘Kickstart’ interest in Luna Through its Marketing Efforts. Galaxy Began Posting About Luna Trading Volume Rose, 2021, When Luna Was Trading Around $ 18 Per Token, Novogratz Posted on Social Media That He Would Get A Luna Tattooed Luna’s price and reached the public on December 24, 2021.
However, while Novogratz publishes photos of his tattoo and expressed the rise of Luna to the public, Galaxy sold millions of coins on many floors of his first cost without explaining his sales. “
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