secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0000950170-24-109330
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 374,900 shares in private placement for 31,821 LTC ($2.08M)
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- Issued 374,900 shares at NAV-based prices to accredited investors under Rule 506(c) of Regulation D.
- Aggregate consideration: 31,821.49034647 LTC, valued at $2,081,612.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts or commissions paid.
- Total shares outstanding as of September 25, 2024: 22,281,200.
- Share issuances occur periodically; Grayscale Securities may be deemed an underwriter for ongoing distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024109330/0000950170-24-109330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024109330/ltcn-20240921.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-109330

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