/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
NEW
YORK, April 12, 2024 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy" or the "Company")
is pleased to announce that it has closed its previously announced
bought deal financing (the "Offering"). Canaccord
Genuity Corp. acted as lead underwriter to the Offering on behalf
of a syndicate of underwriters which included Jefferies Securities
Inc. and Stifel Nicolaus Canada Inc. (collectively, the
"Underwriters"). Pursuant to the Offering, the Company
issued a total of 12,100,000 ordinary shares (the "Ordinary
Shares") on a bought deal basis at an offering price of
C$14.00 per Ordinary Share (the
"Offering Price") for aggregate gross proceeds of
C$169,400,000 (or approximately
US$125 million equivalent).
Certain shareholders, including Galaxy Group Investments LLC,
have granted the Underwriters an option to purchase up to an
additional 1,815,000 Ordinary Shares (to be issued upon the
exchange of Class B Units of Galaxy Digital Holdings LP held in
accordance with their terms) at the Offering Price, to cover
over-allotments, if any, and for market-stabilizations purposes
(the "Over-Allotment Option"), exercisable for a period of
30 days following the date hereof.
The net proceeds of the Offering to the Company will be used for
general corporate purposes and working capital as set forth in its
prospectus supplement to its base shelf prospectus dated
March 26, 2024. The Company will not
receive any proceeds from the sale of Ordinary Shares in connection
with the Over-Allotment-Option.
The securities under the Offering have not been, and will not
be, registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act")or the securities laws of
any state of the United States and
may not be offered, sold or delivered, directly or indirectly, in
the United States (as such term is
defined in Regulation S under the U.S. Securities Act), except
pursuant to an exemption from the registration requirements of the
U.S. Securities Act and applicable state securities laws. This
press release does not constitute an offer to sell or solicitation
of an offer to buy any of these securities in the United States or in any jurisdiction in
which such offer, solicitation or sale is not permitted.
About Galaxy
Galaxy (TSX:GLXY) is a digital asset and blockchain leader
providing access to the growing digital economy. We serve a
diversified client base, including institutions, startups, and
qualified individuals. Since 2018, Galaxy has been building a
holistic financial platform spanning three complementary operating
businesses: Global Markets, Asset Management, and Digital
Infrastructure Solutions. Our offerings include, amongst others,
trading, lending, strategic advisory services, institutional-grade
investment solutions, proprietary bitcoin mining and
hosting services, network validator services and the development of
enterprise custodial technology. The Company is headquartered in
New York City, with global offices
across North America, Europe and Asia.
Additional information about Galaxy's businesses and products is
available on www.galaxy.com
Disclaimers and Additional Information
The TSX has neither approved nor disapproved the contents of
this press release.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information
and forward-looking statements, as defined in applicable securities
laws (collectively referred to herein as "forward-looking
statements"). These forward-looking statements relate to the
exercise of the Over-Allotment Option, the anticipated use of
proceeds and the success of our operations. All statements other
than statements of historical fact are forward-looking statements.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects", "budget",
"scheduled", "estimates", "continues", "forecasts", "projects",
"predicts", "intends", "anticipates" or "believes", "seeks" or
variations of, or the negatives of, such words and phrases, or
state that certain actions, events or results "may", "could",
"would", "should", "might" or "will" be taken, occur or be
achieved. The forward-looking statements contained in this press
release are based on our current expectations and beliefs
concerning future developments and their potential effects on us
taking into account information currently available to us. There
can be no assurance that future developments affecting us will be
those that we have anticipated. Forward-looking statements involve
known and unknown risks uncertainties and other factors that may
cause actual results to differ materially from those anticipated in
such forward-looking statements. Inherent in forward-looking
statements are risks, uncertainties and other factors beyond the
Company's ability to predict or control. 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. They are also subject to the risks
described in the Risk Factors section of the Company's Annual
Information Form dated March 26, 2024
and amended and restated base shelf prospectus dated March 26, 2024 as supplemented by the Prospectus
Supplement dated April 10, 2024.
Readers are cautioned that such risk factors, uncertainties and
other factors are not exhaustive. Actual results and developments
are likely to differ, and may differ materially, from those
expressed or implied by the forward-looking statements in this
press release. The forward-looking statements in this press release
are applicable only as of the date of this press release or as of
the date specified in the relevant forward-looking statement and
the Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable securities laws. Investors are cautioned that
forward-looking statements are not guarantees of future performance
and are inherently uncertain. Accordingly, investors are cautioned
not to put undue reliance on forward-looking statements.
SOURCE Galaxy Digital Holdings Ltd.