secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Digital Inc. (GLXY)
CIK:        0001859392
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001859392-25-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Galaxy Digital redomiciles to Delaware, completes reorganization with dual-class stock
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- Reorganization completed May 13, 2025; redomiciled from Cayman Islands to Delaware.
- Post-reorg, former GDHL shareholders hold 37.2% voting power; GDH LP unitholders hold 62.8%.
- New board appointed: Michael Novogratz (CEO & director), Michael Daffey (Chair), 4 independent directors.
- Executive officers include Christopher Ferraro (President/CIO), Anthony Paquette (CFO).
- Pro forma Q1 2025 net loss $353M ($1.02 diluted EPS); FY2024 net income $367.7M ($1.04 diluted EPS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000010/0001859392-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000010/glxy-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001859392-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer