secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-067961
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 19,800 shares for $185,588 in private placement
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- Issued 19,800 shares to accredited investors under Rule 506(c) at NAV-based prices.
- Aggregate consideration: 1,726,677.3547714 XLM ($185,588).
- Total shares outstanding as of June 3, 2024: 1,069,200.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts or commissions paid.
- Shares are created periodically; the distributor may be deemed an underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024067961/0000950170-24-067961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024067961/gxlm-20240529.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067961

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