---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-007213"
form_type: "8-K"
ticker: "HZEN"
cik: "0001748945"
company_name: "Grayscale Horizen Trust (ZEN)"
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:16:42.281836+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Grayscale Horizen Trust issues 108,900 shares in private placement for $240,402

## Summary
- Shares issued to accredited investors under Rule 506(c); prices based on NAV per share.
- Aggregate proceeds of $240,402; no underwriting discounts or commissions paid.
- Total shares outstanding increase to 10,512,100 as of January 21, 2025.
- Grayscale Securities acted as authorized participant facilitating the creation.

## SEC filing metadata
- accession: 0000950170-25-007213
- form_type: 8-K
- ticker: HZEN
- cik: 0001748945
- company_name: Grayscale Horizen Trust (ZEN)
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1748945/000095017025007213/0000950170-25-007213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1748945/000095017025007213/hzen-20250115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-007213
- JSON: https://secwatch.observer/filing/0000950170-25-007213.json
- Plain text: https://secwatch.observer/filing/0000950170-25-007213.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.