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Galaxy Digital Inc-A(GLXY) - Prospectus
2025-05-27 21:28
As filed with the Securities and Exchange Commission on May 27, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Galaxy Digital Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 6211 87-0836313 (I.R.S. Employer Identification Number) 300 Vesey Street New Yo ...
Tether Co-Founder Reeve Collins and CC Capital Affiliate Purchase Sponsor Interests in SPAC to Acquire Digital Assets
Prnewswire· 2025-05-27 13:15
Company Overview - M3-Brigade Acquisition V Corp. has completed a transaction where MI7 Sponsor, LLC, along with Reeve Collins, purchased 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants for a total of $6,467,500 [1] - Following the transaction, M3-Brigade plans to seek a business combination target in the digital assets industry and intends to change its name to CCRC Digital Assets Corp. [2] Leadership Changes - Reeve Collins, co-founder of Tether, has been appointed as the Chief Executive Officer, while Chinh Chu from CC Capital has been named President [3] - New board members include Thomas L. Fairfield and Edward Murphy, both of whom bring extensive experience in finance and strategic consulting [6] Industry Focus - The company aims to focus on digital assets, leveraging Collins' background in the space, including his role in co-founding Tether and BLOCKv, which are significant players in the digital asset and NFT markets [4] - CC Capital, led by Chinh Chu, has a history of creating SPACs and investing in high-quality businesses, which aligns with M3-Brigade's strategic direction [5][8]
Matador Technologies Inc. Announces Additional Non-Brokered Private Placement
Globenewswire· 2025-05-22 19:30
Core Viewpoint - Matador Technologies Inc. is conducting a non-brokered private placement offering to raise up to C$4,000,000 by issuing units priced at $0.62 each, with an option to increase the offering by 15% [1][4]. Group 1: Offering Details - The offering consists of up to 6,451,613 units, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of $0.77 for a period of twelve months from issuance [2]. - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds $1.15 for five consecutive trading days [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third to the purchase of Bitcoin, one-third to advancing gold acquisition and Grammies business initiatives, and one-third for general corporate purposes [5]. Group 3: Company Overview - Matador Technologies Inc. is a Bitcoin-focused company that holds Bitcoin as its primary treasury asset and develops products to enhance the Bitcoin network [6]. - The company's flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, integrating traditional value with decentralized technology [7].
TopWin 準備與 Sora Ventures 聯手進軍數碼資產市場,推動比特幣財庫在亞洲快速發展的 Web3 市場邁向繁榮
Globenewswire· 2025-05-17 09:13
Core Viewpoint - Top Win International Limited is strategically expanding into the digital asset sector and plans to change its name to "AsiaStrategy" after obtaining necessary approvals, aiming to leverage the rapidly developing Web3 ecosystem [1][5]. Group 1: Company Strategy - The company will continue to develop its luxury watch business while expanding its focus to digital asset enterprises and investments, targeting untapped potential in the Asian market [2]. - Top Win is preparing to collaborate with Sora Ventures, a well-known Web3 fund, to establish a Bitcoin treasury in the Asian capital markets [2][3]. - The company aims to hedge against inflation and benefit from the growth of Web3 technology through the management of its digital asset treasury [2]. Group 2: Market Potential - The digital asset sector, including cryptocurrencies and tokenized assets, is becoming a significant asset class, presenting substantial value creation opportunities, especially for forward-looking institutions [1]. - Asia, home to over half of the world's population, is emerging as a center for this transformation, with a vibrant economy and evolving regulatory framework [1]. Group 3: Sora Ventures Collaboration - Sora Ventures has invested in over 30 Bitcoin-focused companies globally and is establishing a MicroStrategy-like company in Hong Kong [3][7]. - The firm recently launched a $150 million fund aimed at investing in Asian public companies, with a goal to invest in 10 companies by the end of 2025 [3]. - Jason Fang, founder of Sora Ventures, will join Top Win's board and serve as co-CEO, bringing extensive experience in blockchain and digital assets [4][7]. Group 4: Company Background - Top Win International Limited (NASDAQ: TOPW) is headquartered in Hong Kong and specializes in the trade, distribution, and retail of internationally recognized luxury watches [6]. - The company has been operating since 2001 and is now entering the Web3 ecosystem, making digital assets a key focus for its future business direction [6].
GD Culture Group Limited Announces $300 Million Funding Commitment to Build Cryptocurrency Reserve of Bitcoin and Trump Coin
Globenewswire· 2025-05-12 13:15
Group 1 - GD Culture Group Limited ("GDC") has entered into a Common Stock Purchase Agreement to sell up to $300 million of its common stock [1] - Proceeds from the stock sale will support the Company's crypto asset treasury strategy, including the purchase of Bitcoin and OFFICIAL TRUMP [2] - GDC aims to enhance its balance sheet with high-performance digital assets and align with the decentralized finance (DeFi) ecosystem [3] Group 2 - The adoption of crypto assets as treasury reserve holdings is a strategic move reflecting industry trends and GDC's strengths in digital technologies and livestreaming e-commerce [4] - GDC's partnership with the Investor is expected to provide strong momentum for its initiatives and reinforce its leadership in blockchain-driven industrial transformation [4] - The Company plans to enter the livestreaming market with a focus on e-commerce through its subsidiary, AI Catalysis [5]
NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS
Globenewswire· 2025-05-08 22:53
Core Viewpoint - NextGen Digital Platforms Inc. has successfully completed the first tranche of its non-brokered private placement, raising gross proceeds of $935,510 through the issuance of 3,118,366 special warrants at a price of $0.30 each [2][3]. Group 1: Offering Details - The first tranche of the offering involved the issuance of 3,118,366 special warrants at a price of $0.30 per warrant, resulting in gross proceeds of $935,510 [2]. - The company plans to complete a second tranche of the offering in the following week [3]. - Finder's fees paid in connection with the first tranche included $5,390.70 in cash and 17,969 common share purchase warrants, each exercisable at $0.30 for a period of 24 months [3]. Group 2: Special Warrants Conversion - Each special warrant will automatically convert into one common share without additional consideration on the earlier of two dates: three business days after the filing of a prospectus supplement or four months and one day after the closing of the offering [4]. - The company aims to file the prospectus supplement within 60 days of the closing of the offering, although there is no guarantee that it will be filed before the statutory hold period expires [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for corporate development, marketing, and general working capital [6]. Group 4: Company Overview - NextGen Digital Platforms Inc. is publicly traded on the Canadian Securities Exchange, focusing on digital assets and artificial intelligence infrastructure [7]. - The company operates a hardware-as-a-service business supporting the AI sector, known as cloud AI hosting, providing advanced infrastructure solutions for AI-driven applications [7].
Diamond Lake Minerals Launches Advanced Materials & IP Division and Files Inaugural Provisional Patent for Physics-Informed Valuation Technology
GlobeNewswire News Room· 2025-05-05 12:30
SALT LAKE CITY, May 05, 2025 (GLOBE NEWSWIRE) -- Diamond Lake Minerals, Inc. (OTC: DLMI), a multi-strategy operating company focused on digital assets and SEC-registered security tokens, today announced the formation of its Advanced Materials & IP Division (AMIPD)-a wholly integrated division within DLMI that will spearhead the Company’s exploration into frontier intellectual property over the coming decade. AMIPD functions as a direct extension of DLMI; all IP and activity under AMIPD are wholly owned and ...
Diamond Lake Minerals Launches Advanced Materials & IP Division and Files Inaugural Provisional Patent for Physics-Informed Valuation Technology
Globenewswire· 2025-05-05 12:30
SALT LAKE CITY, May 05, 2025 (GLOBE NEWSWIRE) -- Diamond Lake Minerals, Inc. (OTC: DLMI), a multi-strategy operating company focused on digital assets and SEC-registered security tokens, today announced the formation of its Advanced Materials & IP Division (AMIPD)-a wholly integrated division within DLMI that will spearhead the Company’s exploration into frontier intellectual property over the coming decade. AMIPD functions as a direct extension of DLMI; all IP and activity under AMIPD are wholly owned and ...
BIGG Digital Assets Inc. Reports Audited Financial Results for 2024
Globenewswire· 2025-05-01 01:42
Core Insights - BIGG Digital Assets Inc. reported a net loss of CAD 25.83 million for fiscal 2024, compared to CAD 11.07 million in 2023, with a normalized net loss of CAD 1.29 million before tax liabilities and goodwill impairment [3] - The company achieved gross operating revenue of CAD 12.43 million in 2024, a significant increase from CAD 6.5 million in 2023, driven primarily by Netcoins [4] - Netcoins revenues surged by 112% year-over-year to CAD 10.56 million, with a trading volume of CAD 831 million, while active users increased by 30% to approximately 42,406 [4][6] - Blockchain Intelligence Group's revenues rose by 11% year-over-year to CAD 1.67 million, although its margin rate decreased to 69% due to higher costs [4] - TerraZero generated CAD 0.2 million in revenue, focusing on the development of its Intraverse platform, which is expected to launch revenue-generating activities in fiscal 2025 [3][4] Financial Performance - The company recorded a tax liability provision of CAD 8.46 million related to a GST/HST reassessment by CRA, which it is contesting [4] - A goodwill impairment of CAD 16 million was recorded due to the acquisition of TerraZero, attributed to the nascent nature of the industry and lack of comparable companies [4] - As of December 31, 2024, BIGG's cash and crypto holdings were approximately CAD 25.1 million, with no debt [4] Business Developments - The launch of TerraZero's Intraverse platform is anticipated to generate revenues in fiscal 2025, targeting a young user base familiar with Web3 [3][8] - Blockchain Intelligence Group introduced two new products: TokenEyes, a consumer-focused security app, and QLUE Express, a streamlined investigative tool [7] - The company aims to integrate blockchain and crypto into the Intraverse platform, creating a creator economy and social network [8] Market Position - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a cryptocurrency trading platform (Netcoins), and big data/blockchain technology solutions (Blockchain Intelligence Group) [9] - Netcoins currently has customer assets under custody of approximately CAD 174 million, with a treasury of fiat and crypto assets valued at around CAD 30 million [11]