secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0000950170-22-002866
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DCG announces $250M share repurchase program for Grayscale Litecoin Trust and other products
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- DCG authorized up to $30M for Grayscale Litecoin Trust (LTCN), $10M for Horizen Trust (HZEN), $10M for Zcash Trust (ZCSH).
- Up to $200M aggregate for six other Grayscale products: BCHG, GBTC, GDLC, ETCG, ETHE, GXLM.
- Increases prior authorizations for GBTC ($301.3M remaining) and ETCG ($4.5M remaining).
- Purchases on open market at DCG's discretion using cash on hand; no obligation to buy specific amounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017022002866/0000950170-22-002866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017022002866/ltcn-20220302.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-002866

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer