secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0000950170-25-005385
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Litecoin Trust issues 242,900 shares in private placement for ~$2.3M in LTC
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- Sold 242,900 shares to accredited investors at NAV-based prices under Rule 506(c).
- Aggregate proceeds: 20,482.838 LTC valued at $2,312,204 as of issuance.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.
- Total shares outstanding increased to 24,137,200 as of Jan 14, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000095017025005385/0000950170-25-005385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000095017025005385/ltcn-20250109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-005385

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