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/C O R R E C T I O N -- Galaxy Digital Inc./

GLXY · Price
Executive Summary
- Galaxy Digital Inc. announces that the Toronto Stock Exchange (TSX) has approved its Notice of Intention to Make a Normal Course Issuer Bid (NCIB) for up to $200 million worth of Class A Common Stock.
- The NCIB allows Galaxy to repurchase up to 14,798,021 Class A common shares (approximately 10% of the public float) over a 12-month period from February 12, 2026, to February 11, 2027.
- Purchases will be made at prevailing market prices on the TSX, Nasdaq, or alternative Canadian trading systems, with all repurchased shares to be cancelled.
Key Details
- Program Value: Up to $200 million share repurchase program, approved by the Board of Directors on February 6, 2026.
- Approval: TSX accepted the Notice of Intention to Make a Normal Course Issuer Bid (NCIB).
- Share Quantity: Up to 14,798,021 Class A common stock may be purchased.
- Float Percentage: Represents approximately 10% of the public float as of January 31, 2026.
- Duration: Commencing February 12, 2026, and ending no later than February 11, 2027 (or earlier if maximum shares are purchased or the bid is terminated).
- Outstanding Shares: As of January 31, 2026, the Company had 192,701,065 Class A common stock issued and outstanding.
- Public Float: 147,980,210 Class A common stock as of January 31, 2026.
- Daily Purchase Limits (TSX): Up to 284,225 Class A common stock per day (25% of the average daily trading volume from August 1, 2025, to January 31, 2026, which was 1,136,902 shares).
- Daily Purchase Limits (Nasdaq): Maximum 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to block purchase exceptions.
- Trading Venues: Purchases may occur through the TSX, alternative Canadian Trading Systems, or Nasdaq Global Select Market.
- Pricing: Purchases will be made at prevailing market prices or other prices permitted under TSX/Nasdaq rules and applicable securities laws.
- Automatic Purchase Plan: The Company may rely on an automatic purchase plan during predetermined blackout periods, subject to TSX approval.
- Cancellation: All Class A common stock purchased under the NCIB will be cancelled.
- Insider Intent: To the knowledge of Galaxy, no director or senior officer currently intends to sell shares under the NCIB, though personal circumstances may change.
- Correction Note: This release corrects an error in the original transmission where the Nasdaq ticker was incorrectly listed as "GLX" instead of "GLXY".
Notable Quotes
- "Galaxy believes that when a disconnect exists between the share price and the intrinsic value of the business, an NCIB can increase shareholder value and per share growth."
- "Further, the Company believes that current market conditions provide opportunities for the Company to acquire Class A common stock at attractive prices."
- "It would both enhance liquidity for shareholders seeking to sell and provide an increase in the proportionate interests of shareholders wishing to maintain their positions."
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Jun 02, 2026 · 07:00