other material
confidence high
sentiment neutral
materiality 0.15
Grayscale Litecoin Trust issues 268,300 shares in private placement for $1.7M
Grayscale Litecoin Trust (LTC)
- Issued 268,300 shares to accredited investors under Rule 506(c) at NAV-based prices.
- Aggregate proceeds: 22,916.45407976 LTC, equivalent to $1,714,557.
- Total shares outstanding increase to 20,748,800 as of June 26, 2024.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.