secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Digital Inc. (GLXY)
CIK:        0001859392
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0000950103-25-013949
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Galaxy Digital issues $1.3B of 0.50% exchangeable senior notes due 2031
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- $1.3B aggregate principal (including $150M full exercise of initial purchasers' option) at 0.50% interest, maturing May 1, 2031.
- Initial exchange rate 17.9352 shares per $1,000 (exchange price ~$55.76, ~37.5% premium over Oct 27 close of $40.55).
- Net proceeds to support growth across core businesses and for general corporate purposes, may include repaying existing 2026 notes.
- Notes are senior unsecured obligations; no redemption allowed before Nov 6, 2028, then callable if stock trades at 130% of exchange price.
- Settlement date Oct 30, 2025; registration rights agreement filed requiring shelf registration by Jan 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859392/000095010325013949/0000950103-25-013949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859392/000095010325013949/dp236467_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-013949

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