{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-139563","form_type":"8-K","ticker":"HZEN","cik":"0001748945","company_name":"Grayscale Horizen Trust (ZEN)","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.454244+00:00","generated_at":"2026-05-28T23:43:09.132014+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Grayscale Horizen Trust issues 3.57M shares in private placement, raising $4.71M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-139563","json":"https://secwatch.observer/filing/0000950170-24-139563.json","markdown":"https://secwatch.observer/filing/0000950170-24-139563.md","text":"https://secwatch.observer/filing/0000950170-24-139563.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1748945/000095017024139563/0000950170-24-139563-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1748945/000095017024139563/hzen-20241218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:43:09.132014+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}