other material
confidence high
sentiment neutral
materiality 0.15
Grayscale Zcash Trust issues 74,200 shares for ~$293k in private placement
Grayscale Zcash Trust (ZEC)
- Issued 74,200 shares to accredited investors via Rule 506(c) at NAV-based prices.
- Gross proceeds of 6,185.50 ZEC, valued at $293,065; no underwriting discounts paid.
- Total shares outstanding reach 4,759,200 as of March 21, 2025.
- Grayscale Securities acted as Authorized Participant and deemed underwriter for the distribution.