secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Horizen Trust (ZEN) (HZEN)
CIK:        0001748945
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0000950170-22-019173
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Horizen Trust (ZEN) replaces Genesis with Grayscale Securities as distributor and sole authorized participant
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- Effective Oct 3, 2022, Grayscale Securities (wholly-owned affiliate of Sponsor) becomes distributor, marketer, and sole Authorized Participant for ZEN.
- Prior distributor and Authorized Participant Genesis Global Trading terminated; Genesis will continue as a Liquidity Provider for Grayscale Securities.
- Grayscale Securities is a registered broker-dealer and FINRA member; its employees include FINRA-licensed staff from Sponsor and Digital Currency Group.
- The Participant Agreement allows use of Liquidity Providers to source Horizen tokens for creation of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748945/000095017022019173/0000950170-22-019173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748945/000095017022019173/hzen-20221003.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019173

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