other material
confidence high
sentiment neutral
materiality 0.30
Grayscale Zcash Trust issues 55,700 new shares in private placement raising $175,460
Grayscale Zcash Trust (ZEC)
- Issued 55,700 shares to accredited investors in private placements under Rule 506(c) since last 8-K.
- Aggregate proceeds: 4,677.02 ZEC (~$175,460); no underwriting fees paid.
- Total shares outstanding now 4,623,700 as of October 25, 2024.
- Grayscale Securities acted as Authorized Participant and may be deemed an underwriter.
- Routine capital raise; shares issued at NAV per share.