secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000950170-24-118224
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 61,100 shares, raising $500K in private placement
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- Issued 61,100 Shares at NAV-based prices for aggregate 5,274,342 XLM ($500,277).
- Shares sold to accredited investors under Rule 506(c); no underwriter discounts paid.
- Total shares outstanding increased to 1,354,100 as of October 29, 2024.
- Grayscale Securities acted as Authorized Participant for the share creation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024118224/0000950170-24-118224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000095017024118224/gxlm-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118224

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