Grayscale Horizen Trust issues 154,900 shares to accredited investors, raising $110,066

Grayscale Horizen Trust (ZEN)

Issued 154,900 shares at NAV per share to accredited investors in exemption under Rule 506(c).
Aggregate proceeds of $110,066; no underwriting discounts paid to Grayscale Securities.
Total shares outstanding increased to 11,380,800 as of April 9, 2025.
Grayscale Securities acted as Authorized Participant facilitating creation and potential distribution.

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