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NEW YORK, July 2, 2020 /CNW/ - Galaxy Digital Holdings Ltd.
(TSXV: GLXY) ("Galaxy Digital" or the "Company") one of the world's
largest cryptocurrency and digital assets companies by market
capitalization, announced that it will begin trading on the Toronto
Stock Exchange ("TSX") on Monday, July 6,
2020.
Further to our press release dated May
11, 2020, Galaxy Digital has satisfied all the requirements
set out by the TSX Sandbox program to begin trading on Monday, July 6, 2020. Galaxy Digital's last day
of trading on the TSX Venture Exchange will be July 3, 2020 after which it will de-list in
connection with the graduation to TSX. Galaxy Digital's stock
ticker will remain "GLXY."
About Galaxy Digital
Galaxy Digital is a diversified financial services and
investment management company in the digital asset, cryptocurrency
and blockchain technology sector. Galaxy Digital's team has
extensive experience spanning investing, portfolio management,
capital markets, operations, asset management, and blockchain
technology. Galaxy Digital currently operates four distinct
business lines, which include: Trading, Asset Management, Principal
Investments and Investment Banking. Galaxy Digital's CEO and
Founder is Michael Novogratz. The
Company is headquartered in New York
City, with offices in San
Francisco, London,
Tokyo, Hong Kong, the Cayman Islands (registered office) and
New Jersey. Additional information
about the Company's businesses and products is available on
www.galaxydigital.io.
About the TSX Sandbox
TSX Sandbox is an initiative intended to facilitate listing
applications that may not satisfy the original listing requirements
of TSX, but due to facts or situations unique to a particular
issuer otherwise warrant a listing on TSX. The TSX has exercised
its discretion to waive the requirements of subsection 309(c)(i) of
its manual (C$10 million in treasury resulting from public raise)
which the Company did not meet and approved the listing of the
Company pursuant to TSX Sandbox. Galaxy Digital's approval pursuant
to TSX Sandbox was conditioned upon public filing of an Annual
Information Form and prominent quarterly disclosure of digital
assets and investments, which the Company has completed and agreed
to continue to provide. The Company will remain listed pursuant to
TSX Sandbox until such time as it has completed a twelve-month
period without significant compliance issues after graduation.
In addition, Galaxy Digital is required to disclose the
following two risk factors that were also included in the most
recent Annual Information Form for the year-ended 2019: (1) The
Company has limited operating history and its business lines are
nascent and subject to material legal, regulatory, operational and
other risks in every jurisdiction; and (2) the market price and
trading volume of the Company's ordinary shares has been volatile
and will likely continue to be so in response to, among other
factors, market fluctuations in digital assets generally or the
digital assets that Galaxy Digital holds or trades.
Disclaimers
The TSX Venture Exchange ("TSXV") has neither approved nor
disapproved the contents of this press release. Neither the TSXV,
TSX nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Galaxy Digital Holdings Ltd