secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Stellar Lumens Trust (XLM) (GXLM)
CIK:        0001761325
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0001193125-25-206291
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Stellar Lumens Trust issues 15,000 shares in private placement for ~$534,986
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- Issued 15,000 shares to accredited investors under Rule 506(c) at varying NAV-based prices.
- Aggregate consideration: 1,283,889.5114356 XLM, equivalent to $534,986.
- Total shares outstanding as of Sept 17, 2025: 1,389,200.
- No underwriting discounts or commissions paid to Grayscale Securities.
- Grayscale Securities acted as Authorized Participant in the private placement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761325/000119312525206291/0001193125-25-206291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761325/000119312525206291/gxlm-20250912.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-206291

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