secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000950170-24-110819
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 76,000 Shares, raising ~$649K in unregistered offering
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- Issued 76,000 Shares to accredited investors in private placement under Rule 506(c).
- Aggregate consideration: 6,574,134.8764865 XLM valued at $648,787.
- Total shares outstanding now 1,224,400 as of October 1, 2024.
- No underwriting discounts or commissions paid to Grayscale Securities.
- Grayscale Securities acted as Authorized Participant and may be deemed an underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024110819/0000950170-24-110819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024110819/gxlm-20240926.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-110819

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