secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0000950170-24-081493
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 270,400 shares in private placement, raising $1.67M in LTC
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- Issued 270,400 shares at NAV to accredited investors under Rule 506(c) of the Securities Act.
- Aggregate proceeds: 23,083.53 LTC ($1,674,021).
- Total shares outstanding now 21,019,200 as of July 3, 2024.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts or commissions paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024081493/0000950170-24-081493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024081493/ltcn-20240629.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-081493

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