secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950170-24-116705
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale LTC Trust issues 246,100 shares at NAV to accredited investors; total shares 23.0M
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- Issued 246,100 shares via Rule 506(c) private placement to accredited investors.
- Aggregate consideration was 20,847.685 LTC (approx. $1.54M) based on NAV.
- Total shares outstanding as of Oct 23, 2024: 23,026,500.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024116705/0000950170-24-116705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024116705/ltcn-20241019.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116705

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