secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Horizen Trust (ZEN) (HZEN)
CIK:        0001748945
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000950170-24-139563
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748945/000095017024139563/0000950170-24-139563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748945/000095017024139563/hzen-20241218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-139563

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