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Stock impact report

Galaxy Digital (GLXY) Soars 8.3% on US Shift Ahead of Canada Delisting [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
Galaxy Digital snapped a two-day losing streak on Friday, jumping 8.34 percent to finish at $22.35 apiece, as investors shifted to its US stocks amid the looming delisting of its Canadian shares, while taking advantage of the broader decline to hunt for bargains. Earlier this month, Galaxy Digital (NASDAQ:GLXY) announced plans to delist its shares from the Toronto Stock Exchange effective Thursday, March 19, to focus on its listing on Nasdaq, given that the majority of its average daily trading volume is executed on the said US exchange. The initiative would also help slash its expenses and administrative requirements associated with its dual listing. Galaxy Digital (GLXY) Soars 8.3% on US Shift Ahead of Canada Delisting Image by MayoFi from Pixabay Galaxy Digital (NASDAQ:GLXY) is not required to seek approval of its shareholders, given that an alternative market is available to trade its Class A common shares. In relation to the delisting, Galaxy Digital's (NASDAQ:GLXY) Show less Read more
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