Grayscale Digital Large Cap Fund Files 8-K
Ticker: GDLC · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1729997
| Field | Detail |
|---|---|
| Company | Grayscale Digital Large Cap Fund LLC (GDLC) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, material-agreement
TL;DR
GDLC filed an 8-K on Jan 1, 2025, reporting material agreements and other events.
AI Summary
Grayscale Digital Large Cap Fund LLC filed an 8-K on January 3, 2025, reporting on events as of January 1, 2025. The filing indicates an entry into a material definitive agreement and other events, along with financial statements and exhibits. The company's principal executive offices are located at 290 Harbor Drive, 4th Floor, Stamford, Connecticut.
Why It Matters
This 8-K filing signals potential material changes or agreements for Grayscale Digital Large Cap Fund, requiring investor attention.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine events and does not disclose immediate financial distress or significant negative news.
Key Players & Entities
- Grayscale Digital Large Cap Fund LLC (company) — Registrant
- January 1, 2025 (date) — Earliest event reported
- January 3, 2025 (date) — Filing date
- 290 Harbor Drive, 4th Floor, Stamford, Connecticut (location) — Principal Executive Offices
FAQ
What type of material definitive agreement was entered into by Grayscale Digital Large Cap Fund LLC?
The filing does not specify the nature of the material definitive agreement, only that one was entered into as of January 1, 2025.
What are the 'Other Events' reported in this 8-K filing?
The filing lists 'Other Events' as an item information category but does not provide specific details within the provided text.
When is the fiscal year end for Grayscale Digital Large Cap Fund LLC?
The fiscal year end for Grayscale Digital Large Cap Fund LLC is June 30.
What is the Commission File Number for Grayscale Digital Large Cap Fund LLC?
The Commission File Number for Grayscale Digital Large Cap Fund LLC is 000-56284.
Where are the principal executive offices of Grayscale Digital Large Cap Fund LLC located?
The principal executive offices are located at 290 Harbor Drive, 4th Floor, Stamford, Connecticut, 06902.
Filing Stats: 1,062 words · 4 min read · ~4 pages · Grade level 14.7 · Accepted 2025-01-03 16:01:57
Filing Documents
- gdlc-20250101.htm (8-K) — 54KB
- gdlc-ex10_1.htm (EX-10.1) — 147KB
- gdlc-ex10_2.htm (EX-10.2) — 77KB
- gdlc-ex10_3.htm (EX-10.3) — 47KB
- 0000950170-25-001115.txt ( ) — 470KB
- gdlc-20250101.xsd (EX-101.SCH) — 29KB
- gdlc-20250101_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. The information set forth under "Assignment Agreements" in Item 8.01 below is hereby incorporated by reference into this Item 1.01 to the extent that any such contracts or agreements so assigned constitute material definitive agreements of the Fund (as defined below).
01. Other Events
Item 8.01. Other Events. Corporate Reorganization of the Manager On January 1, 2025, Grayscale Investments, LLC ("GSI") consummated an internal corporate reorganization (the "Reorganization"), pursuant to which GSI, the manager of Grayscale Digital Large Cap Fund LLC (the "Fund") prior to the Reorganization, merged with and into Grayscale Operating, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of Digital Currency Group, Inc. ("GSO"), with GSO continuing as the surviving company (the "Merger"). As a result of the Merger, GSO succeeded by operation of law to all the rights, powers, privileges and franchises and became subject to all of the obligations, liabilities, restrictions and disabilities of GSI, including with respect to the Manager Contracts (as defined below), all as provided under the Delaware Limited Liability Company Act. We do not expect the Reorganization to have any material impact on the operations of the Fund. Assignment Agreements In connection with the Reorganization, on January 1, 2025, and promptly following the effectiveness of the Merger, GSO assigned certain contracts pertaining to its role as Manager (as such term is defined in the LLC Agreement) of the Fund (such contracts, the "Manager Contracts") to Grayscale Investments Sponsors, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of GSO ("GSIS" or the "Additional Manager"), pursuant to an: (1) Assignment and Assumption Agreement, dated as of January 1, 2025, by and between GSO and the Additional Manager (the "Assignment and Assumption Agreement"), (2) Assignment Agreement, dated as of December 20, 2024, by and among GSI, GSO, the Additional Manager and Coinbase, Inc. (the "Coinbase Assignment Agreement") and (3) Assignment and Assumption Agreement, dated as of December 20, 2024, by and among GSI, GSO, the Additional Manager and Foreside Fund Services, LLC (the "Foreside Assignment Agreement" and, together with the
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Assignment and Assumption Agreement 10.2 Coinbase Assignment Agreement 10.3 Foreside Assignment Agreement 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Grayscale Operating, LLC, as Manager of Grayscale Digital Large Cap Fund LLC Date: January 3, 2025 By: /s/ Edward McGee Name: Edward McGee Title: Chief Financial Officer* * The Registrant is a fund and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Operating, LLC, the Manager of the Registrant.