other material
confidence high
sentiment positive
materiality 0.55
Grayscale Ethereum Classic Trust reduces Rule 144 holding period to six months as of Dec 9, 2021
Grayscale Ethereum Classic Trust (ETC)
- Minimum holding period for shares purchased from Trust reduced from one year to six months effective Dec 9, 2021.
- Trust had been subject to Exchange Act reporting for 90 days as of Dec 9, triggering Rule 144(d)(1)(i) change.
- As of Dec 9, 2021, 12,081,583 shares freely tradable and unrestricted out of 13,993,800 issued and outstanding.
- All shares purchased from Trust prior to June 9, 2021 now eligible for resale under six-month holding period.