other material
confidence high
sentiment neutral
materiality 0.30
Grayscale Litecoin Trust sells 546K shares in private placement for $3.2M worth of LTC
Grayscale Litecoin Trust (LTC)
- 546,000 shares issued to accredited investors under Rule 506(c) at NAV-based prices.
- Consideration was 46,563.27 LTC worth approximately $3,196,172.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.
- Total shares outstanding rise to 21,565,200 as of July 19, 2024.