Grayscale Horizen Trust (ZEN) Reports Accountant Change

TL;DR

ZEN changed accountants, filing shows.

AI Summary

Grayscale Horizen Trust (ZEN) filed an 8-K on March 6, 2024, reporting changes in its certifying accountant as of March 1, 2024. The filing does not disclose specific names of the accountants involved or any financial details related to this change.

Why It Matters

A change in a company's certifying accountant can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: low — This filing is procedural and does not contain information that directly impacts the trust's financial health or operations.

Key Players & Entities

• Grayscale Horizen Trust (ZEN) (company) — Registrant
• March 1, 2024 (date) — Date of earliest event reported
• March 6, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• Grayscale Investments, LLC (company) — Address of Principal Executive Offices
• Stamford, Connecticut (location) — Business Address

FAQ

Filing Documents

• hzen-20240301.htm (8-K) — 50KB
• hzen-ex16_1.htm (EX-16.1) — 5KB
• 0000950170-24-027126.txt ( ) — 173KB
• hzen-20240301.xsd (EX-101.SCH) — 28KB
• hzen-20240301_htm.xml (XML) — 5KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Horizen Trust (ZEN) (the "Trust"), approved the dismissal of the current independent registered public accounting firm of the Trust, Marcum LLP ("Marcum"), effective following the completion of the audit of the Trust's financial statements for the fiscal year ending September 30, 2024. Marcum's responsibilities as the Trust's independent registered public accounting firm will cease upon completion of the audit engagement. The reports of Marcum on the financial statements of the Trust for the years ending September 30, 2023 and 2022 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except for the inclusion of an emphasis of matter paragraph with respect to investments in digital assets. In connection with the audits of the years ending September 30, 2023 and 2022 and the subsequent interim period from October 1, 2023 through March 1, 2024, there have been no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K promulgated under the Exchange Act ("Regulation S-K") and the related instructions thereto) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum, would have caused Marcum to make reference thereto in their report on the financial statements for such years. The Sponsor has furnished to Marcum the statements made in this Item 4.01. Attached as Exhibit 16.1 to this Form 8-K is Marcum's letter to the Securities and Exchange Commission (the "SEC"), dated March 6, 2024, regarding these statements. (b) Appointment of New Independent Registered Public

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Letter, dated March 6, 2024 from Marcum LLP to the SEC, regarding change in certifying accountant of the Trust. 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 Investments, LLC as Sponsor of the Grayscale Horizen Trust (ZEN) Date: March 6, 2024 By: /s/ Michael Sonnenshein Michael Sonnenshein Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR