{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-052486","form_type":"8-K","ticker":"HZEN","cik":"0001748945","company_name":"Grayscale Horizen Trust (ZEN)","filed_at":"2025-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.579096+00:00","generated_at":"2026-05-23T18:34:54.892013+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Grayscale Horizen Trust issues 154,900 shares to accredited investors, raising $110,066","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-052486","json":"https://secwatch.observer/filing/0000950170-25-052486.json","markdown":"https://secwatch.observer/filing/0000950170-25-052486.md","text":"https://secwatch.observer/filing/0000950170-25-052486.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1748945/000095017025052486/0000950170-25-052486-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1748945/000095017025052486/hzen-20250404.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:34:54.892013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}