secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000950170-24-115591
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 499,200 shares for ~$2.9M in private placement
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- Issued 499,200 shares at NAV-based prices to accredited investors under Rule 506(c).
- Aggregate consideration: 42,313 LTC ($2,937,274); no underwriting discounts paid.
- Total shares outstanding as of Oct 18, 2024: 22,780,400.
- Grayscale Securities acted as Authorized Participant and may be deemed an underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024115591/0000950170-24-115591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024115591/ltcn-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115591

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