other material
confidence high
sentiment neutral
materiality 0.30
Grayscale Litecoin Trust issues 341,100 shares in private placement raising ~$1.95M
Grayscale Litecoin Trust (LTC)
- Issued 341,100 shares in private placement to accredited investors under Rule 506(c) at NAV-based prices.
- Raised $1,951,626 equivalent in Litecoin (29,020.66 LTC) as of August 30, 2024.
- Total shares outstanding increased to 21,906,300 as of September 5, 2024.
- Grayscale Securities acted as authorized participant; no underwriting discounts or commissions paid.