secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0000950170-24-129239
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 546,200 shares for 46,184 LTC ($3.9M) in private placement
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- Issued 546,200 shares at varying NAV-based prices to accredited investors under Rule 506(c).
- Aggregate consideration: 46,184.1632 LTC worth approximately $3,876,606.
- Total shares outstanding now 23,572,700 as of November 20, 2024.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024129239/0000950170-24-129239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017024129239/ltcn-20241116.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-129239

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