secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084923
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust sells 546K shares in private placement for $3.2M worth of LTC
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024084923/0000950170-24-084923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024084923/ltcn-20240716.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084923

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