secwatch.observer — SEC 8-K summary
======================================

Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000950170-24-077845
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 268,300 shares in private placement for $1.7M
-----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024077845/0000950170-24-077845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024077845/ltcn-20240621.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077845

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