Grayscale Horizen Trust issues 3.57M shares in private placement, raising $4.71M

Grayscale Horizen Trust (ZEN)

Issued 3,565,200 shares at NAV-based prices to accredited investors under Rule 506(c), raising $4,712,299.
Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.
Shares outstanding increase to 10,403,200 as of December 23, 2024 (up from ~6.8M previously).
Proceeds (304,034.38984804 ZEN) represent additional Zen cryptocurrency held by the trust.

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