other material
confidence high
sentiment neutral
materiality 0.35
Grayscale Bitcoin Cash Trust issues 635,300 new shares in private placement
Grayscale Bitcoin Cash Trust (BCH)
- Issued 635,300 shares at NAV-based prices for aggregate 5,415.27 BCH ($2.16M).
- Shares sold to accredited investors under Rule 506(c); no underwriting discounts paid.
- Total shares outstanding as of July 24, 2024: 41,742,300.
- Grayscale Securities acted as Authorized Participant and may be deemed an underwriter.
- Continuous periodic issuance may constitute a distribution under the Securities Act.