secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0000950170-24-076690
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 16,700 Shares for $141K private placement
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- Issued 16,700 shares at NAV to accredited investors in a Rule 506(c) private placement.
- Aggregate consideration: 1,454,179.76 XLM (approx. $141,308).
- Total shares outstanding as of June 24, 2024: 1,111,400.
- No underwriting discounts or commissions paid to Authorized Participant Grayscale Securities.
- Trust notes periodic creations may be deemed a distribution under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024076690/0000950170-24-076690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024076690/gxlm-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076690

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