secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Horizen Trust (ZEN) (HZEN)
CIK:        0001748945
Form:       8-K
Filed at:   2025-04-09T23:59:59+00:00
Accession:  0000950170-25-052486
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748945/000095017025052486/0000950170-25-052486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748945/000095017025052486/hzen-20250404.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-052486

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer