Galaxy Digital to Delist from TSX March 19, Retaining 5% US Buyback
Galaxy Digital’s board approved voluntary delisting of Class A shares from the Toronto Stock Exchange effective March 19, 2026, maintaining sole listing on Nasdaq. The move ends its TSX normal-course issuer bid and retains U.S. buyback program capped at 5% of outstanding shares, citing cost efficiency and U.S. trading volumes.
1. Board Approves Voluntary TSX Delisting
Galaxy Digital’s board approved the voluntary delisting of Class A shares from the Toronto Stock Exchange effective close of markets on March 19, 2026, citing the majority of its trading volume on U.S. markets and the desire to reduce TSX-related expenses.
2. Impact on Buyback and Trading
The company’s normal-course issuer bid on the TSX will terminate at the delisting effective time, while repurchases of Class A shares may continue on Nasdaq under applicable U.S. securities laws, capped at 5% of outstanding shares within any 12-month period.
3. Continued Reporting and Investor Guidance
Galaxy will remain a reporting issuer in Canada and continue comprehensive disclosure under Canadian securities laws. Canadian brokers with access to Nasdaq can facilitate trading, and shareholders should confirm their post-delisting trading procedures with their brokers.