secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0000950170-24-103978
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 341,100 shares in private placement raising ~$1.95M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024103978/0000950170-24-103978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024103978/ltcn-20240830.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-103978

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