Galaxy Announces Approximate US$100 Million Bought Deal Public Offering
Summary
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/NEW YORK, April 9, 2024 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as sole underwriter ( the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 9,750,000 ordinary shares of the Company (the "Ordinary Shares") at a price of C$14.00 per Ordinary Share (the "Offering Price") for aggregate gross proceeds of C$136,500,000 (approximately US$100 million equivalent) (the "Offering"). The Class B Units that Galaxy Group Investments LLC will need to exchange for Ordinary Shares to participate as a Selling Shareholder will represent less than 1.0% of its holdings in the Company.The Offering is expected to close on or about April 12, 2024, and is subject to customary closing conditions, including receiving all necessary regulatory approvals.The net proceeds of the Offering to the Company will be used for working capital and general corporate purposes. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operation businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. These forward-looking statements relate to the timing and completion of the Offering, the exercise of the Over-Allotment Option, the anticipated use of proceeds, filing the Prospectus Supplement and the success of our operations. The forward-looking statements are subject to the risk of a decline in the digital asset market or general economic conditions and changes in applicable law or regulation.