GALAXY ANNOUNCES TERMINATION OF BITGO ACQUISITION

Napoleon Elizer

Galaxy continues path to U.S. itemizing on Nasdaq

Galaxy stays dedicated to enhancing shareholder worth by means of scaling of its institutional companies, together with the rollout of its Galaxy One Prime providing

NEW YORK, Aug. 15, 2022 /CNW/ –  Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy” or “the Firm”), a monetary companies and funding administration innovator within the digital asset, cryptocurrency, and blockchain expertise sectors, right now introduced that it has exercised its proper to terminate its beforehand introduced acquisition settlement with BitGo following BitGo’s failure to ship, by July 31, 2022, audited monetary statements for 2021 that adjust to the necessities of our settlement. No termination charge is payable in reference to the termination.

GALAXY ANNOUNCES TERMINATION OF BITGO ACQUISITION

Galaxy Digital Holdings Ltd. Brand (CNW Group/Galaxy Digital Holdings Ltd.)

“Galaxy stays positioned for achievement and to reap the benefits of strategic alternatives to develop in a sustainable method. We’re dedicated to persevering with our course of to record within the U.S. and offering our shoppers with a major answer that actually makes Galaxy a one-stop store for establishments,” stated Mike Novogratz, CEO and Founding father of Galaxy.

As beforehand introduced, Galaxy intends to finish the proposed reorganization and domestication to turn out to be a Delaware-based firm, and subsequently record on the Nasdaq, upon completion of the SEC’s assessment and topic to inventory trade approval of such itemizing.

Galaxy stays targeted on executing its enterprise goals and driving long-term efficiency for buyers. That features the deliberate rollout of Galaxy One Prime, a brand new product providing for institutional buyers that can combine buying and selling, lending, and derivatives alongside entry to certified custody all by means of a unified tech platform.

Galaxy One Prime will leverage proprietary in-house expertise, in addition to a multi-faceted custodial structure that integrates certified blue-chip custodians for broad asset assist and tailor-made account varieties.

About Galaxy

Galaxy (TSX: GLXY) is a digital asset and blockchain chief offering establishments, startups, and certified people entry to the crypto financial system. Our full suite of economic companies is custom-made for a digitally native ecosystem, spanning a number of synergistic enterprise strains: Buying and selling, Asset Administration, Funding Banking, Mining, and Ventures.

Galaxy’s CEO and Founder Michael Novogratz leads a workforce of crypto fanatics and institutional veterans working collectively on a mission to engineer a brand new financial paradigm. The Firm is headquartered in New York Metropolis, with places of work in Chicago, New Jersey, London, Amsterdam, Hong Kong, Tokyo, and the Cayman Islands (reg. workplace).

Extra details about Galaxy’s companies and merchandise is offered on www.galaxydigital.io

Disclaimers and Extra Info

The TSX has not accredited or disapproved of the data contained herein.

No Provide or Solicitation

As beforehand introduced, the Firm intends to finish its proposed reorganization and domestication to turn out to be a Delaware-based firm, and subsequently record on the Nasdaq, upon completion of the SEC’s ongoing assessment and topic to inventory trade approval of such itemizing. The proposed reorganization and domestication is topic to approval by shareholders the Firm and relevant regulatory authorities, together with the Toronto Inventory Trade. In reference to the proposed reorganization and domestication, the Firm has filed a registration assertion, together with a administration data round/prospectus, with the SEC, which has not but turn out to be efficient. SHAREHOLDERS ARE ADVISED TO READ THE FINAL VERSIONS OF SUCH DOCUMENTS, WHEN AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders could receive a free copy of the registration assertion (together with the administration data round/prospectus) and some other related paperwork from the SEC’s web site at http://www.sec.gov. Copies of the ultimate variations of such paperwork will also be obtained, when accessible, with out cost, by way of Galaxy’s investor relations web site: https://investor.galaxydigital.io. The Firm anticipates holding a shareholder assembly to hunt approval following the effectiveness of the registration assertion, and additional particulars will likely be included within the administration data round to be mailed to shareholders and posted on the Firm’s SEDAR profile at www.sedar.com.

This launch shall not represent a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the domestication or any of the opposite proposed reorganization transactions. This launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction through which such supply, solicitation or sale can be illegal previous to the registration or qualification beneath the securities legal guidelines of any such jurisdiction.

Warning About Ahead-Wanting Statements

The data on this launch could comprise “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), Part 21E of the Securities Trade Act of 1934, as amended (the “Trade Act”) and “forward-looking data” beneath Canadian securities legal guidelines (collectively, “forward-looking statements”). Our forward-looking statements embrace, however will not be restricted to, statements relating to our or our administration workforce’s expectations, hopes, beliefs, intentions or methods relating to the long run. Statements that aren’t historic details, together with statements in regards to the pending domestication and the associated transactions (the “transactions”) and Galaxy One Prime, and the events, views and expectations, are forward-looking statements. As well as, any statements that confer with estimates, projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions, are forward-looking statements. The phrases “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “count on,” “forecast,” “intend,” “could,” “would possibly,” “plan,” “potential,” “potential,” “predict,” “venture,” “ought to,” “would” and related expressions could determine forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking. Ahead-looking statements on this launch could embrace, for instance, statements about our skill to finish the proposed domestication and reorganization transactions and the deliberate rollout of Galaxy One Prime. The forward-looking statements contained on this launch are primarily based on our present expectations and beliefs regarding future developments and their potential results on us bearing in mind data at the moment accessible to us. There may be no assurance that future developments affecting us will likely be people who we now have anticipated. These forward-looking statements contain a variety of dangers, uncertainties (a few of that are past our management) or different assumptions which will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by these forward-looking statements. These dangers embrace, however will not be restricted to: (1)  the shortcoming to finish the proposed domestication and reorganization transactions, because of the failure to acquire shareholder and inventory trade approvals, or in any other case; (2) adjustments to the proposed construction of the transactions which may be required or applicable because of relevant legal guidelines or laws or as a situation to acquiring shareholder or inventory trade approval of the transactions; (3) the power to satisfy and preserve itemizing requirements following the consummation of the transactions; (4) the danger that the transactions disrupt present plans and operations; (5) prices associated to the transactions or rollout; (6) adjustments in relevant legal guidelines or laws; (7) the likelihood that the Firm could also be adversely affected by different financial, enterprise, and/or aggressive components; (8) adjustments or occasions that influence the cryptocurrency trade, together with potential regulation, which are out of our management; (9) the danger that our enterprise is not going to develop consistent with our expectations or proceed on its present trajectory; (10) the likelihood that our addressable market is smaller than we now have anticipated and/or that we could not achieve share of it; (11) these different dangers contained within the Annual Info Type for the 12 months ended December 31, 2021 accessible on the Firm’s profile at www.sedar.com and its Administration’s Dialogue and Evaluation, filed on August 8, 2022 and (12) different dangers and uncertainties to be indicated occasionally in filings made with the SEC. Ought to a number of of those dangers or uncertainties materialize, they may trigger our precise outcomes to vary materially from the forward-looking statements. We’re not enterprise any obligation to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case. You shouldn’t take any assertion relating to previous tendencies or actions as a illustration that the tendencies or actions will proceed sooner or later. Accordingly, you shouldn’t put undue reliance on these statements.

SOURCE Galaxy Digital Holdings Ltd.

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