secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0000950170-24-065177
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issued 458,500 shares for 39,242 LTC ($3.375M) in private placement
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- Issued 458,500 shares at NAV to accredited investors under Rule 506(c), raising ~39,242 LTC ($3.375M).
- Total shares outstanding as of May 28, 2024: 20,223,900.
- No underwriting discounts or commissions were paid to Grayscale Securities.
- Grayscale Securities acted as Authorized Participant for the distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024065177/0000950170-24-065177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024065177/ltcn-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-065177

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