secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0000950170-24-072433
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 25,500 shares for $225,904 in private placement
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- Issued 25,500 Shares at varying prices based on NAV to accredited investors under Rule 506(c).
- Aggregate consideration: 2,222,070.4971047 XLM, valued at $225,904.
- Total outstanding shares now 1,094,700 as of June 12, 2024.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024072433/0000950170-24-072433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024072433/gxlm-20240607.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-072433

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