Grayscale Stellar Lumens Trust (XLM) (GXLM): auditor change — Grayscale Stellar Lumens Trust dismisses Marcum LLP, appoints KPMG as auditor

Grayscale Stellar Lumens Trust (XLM)

Marcum LLP dismissed as auditor effective after completion of FY2024 audit (Sep 30, 2024).
KPMG LLP appointed to audit Trust for fiscal year ending Sep 30, 2025.
No disagreements with Marcum on accounting principles or audit scope for FY2023 and FY2024.
Prior Marcum reports contained no adverse opinion; only emphasis of matter on digital assets.
Audit Committee approved the change on March 1, 2024.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Grayscale Stellar Lumens Trust (XLM) dismissed Marcum LLP as its auditor.

Action: dismissal
Auditor: Marcum LLP
Successor: KPMG LLP

Exact text from the filing

(a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Stellar Lumens Trust (XLM) (the “Trust”), approved the dismissal of the current independent registered public accounting firm of the Trust, Marcum LLP (“Marcum”), effective following the completion of the audit of the Trust’s financial statements for the fiscal year ending September 30, 2024.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Grayscale Stellar Lumens Trust (XLM) engaged KPMG LLP as its auditor.

Action: engagement
Auditor: KPMG LLP

Exact text from the filing

(b) Appointment of New Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of the Sponsor approved the engagement of KPMG LLP (“KPMG”) to be the Trust’s independent registered public accounting firm to perform independent audit services for the Trust beginning with its fiscal year ending September 30, 2025.

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Source: SEC EDGAR

accession 0000950170-24-027134

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