---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-041982"
form_type: "8-K"
ticker: "HZEN"
cik: "0001748945"
company_name: "Grayscale Horizen Trust (ZEN)"
filed_at: "2025-03-19T23:59:59+00:00"
generated_at: "2026-05-24T11:54:38.644238+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 (ZEN) issues 125,400 Shares for $105,134 in private placement

## Summary
- Issued 125,400 Shares to accredited investors at NAV-based prices via Rule 506(c).
- Aggregate proceeds of 10,634.26853842 ZEN ($105,134); no underwriting discounts paid.
- Total shares outstanding now 11,225,900 as of March 19, 2025.
- Grayscale Securities acted as Authorized Participant in the offering.

## SEC filing metadata
- accession: 0000950170-25-041982
- form_type: 8-K
- ticker: HZEN
- cik: 0001748945
- company_name: Grayscale Horizen Trust (ZEN)
- filed_at: 2025-03-19T23:59:59+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/1748945/000095017025041982/0000950170-25-041982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1748945/000095017025041982/hzen-20250315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-041982
- JSON: https://secwatch.observer/filing/0000950170-25-041982.json
- Plain text: https://secwatch.observer/filing/0000950170-25-041982.txt

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