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Galaxy Digital Announces Closing of Arrangement - Trading to Commence August 1

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Galaxy Digital Announces Closing of Arrangement - Trading to Commence August 1

Canada NewsWire

/NOT FOR DISSEMINATION IN THE U.S. OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./

TORONTO, July 31, 2018 /CNW/ - Galaxy Digital Holdings Ltd. ("Galaxy Digital", the "Company" or the "Firm") (TSXV:GLXY), a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry, today announced that it has completed all of the steps of the previously announced Arrangement Transaction. The shares of the Company will begin trading on the TSXV on August 1, 2018, under the symbol "GLXY".

Michael Novogratz, CEO and Founder of the Company said: "We are thrilled to announce the public listing of Galaxy Digital.  Our team is excited to continue building our merchant bank on behalf of our equity partners."  Mr. Novogratz continued, "We appreciate the support of Bradmer Pharmaceuticals, which has allowed us to assume their position as a publicly listed company in Canada.  This transaction gives investors access to a diversified investment opportunity for those who wish to gain exposure to the emerging and revolutionary digital assets space."

About Galaxy Digital Holdings Ltd.

Galaxy Digital is a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry.  Galaxy Digital's multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, and blockchain technology.  Through an operating company controlled by Mike Novogratz and the Company, Galaxy Digital currently operates four distinct business lines, which include: Trading (arbitrage, macro, market making/OTC), Asset Management (management of external capital across passive and ecosystem funds), Principal Investing (private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies), and Advisory (capital markets, M&A/restructuring, and technical consulting services to both start-ups and established institutions). Galaxy Digital's CEO, Chairman and Founder is Michael Novogratz.  The Company is headquartered in New York City, with offices in Tokyo, Vancouver, the Cayman Islands (registered office) and New Jersey.

Disclaimers and Additional Information

See the press releases of Bradmer Pharmaceutical dated February 14, 2018, March 15, 2018, April 13, 2018, May 18, 2018, June 11, 2018, June 12, 2018, June 18, July 25, 2018 and July 31, 2018 for further information concerning the Arrangement.

The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

The information contained herein is not an offer to buy or sell, nor is it a solicitation of an offer to buy or sell, any security of the Company. The Company's securities have not been and will not be registered under the applicable securities laws of the United States or any other jurisdiction. None of the U.S. Securities and Exchange Commission, any U.S. state securities commission or any other governmental body or self-regulatory organization has approved or disapproved the Securities, nor have they passed upon or endorsed the merits of the securities. Any representation to the contrary is a criminal offence in the United States.

All figures are in U.S. Dollars unless otherwise noted.

SOURCE Galaxy Digital Holdings Ltd.

View original content: http://www.newswire.ca/en/releases/archive/July2018/31/c1259.html

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