Grayscale Litecoin Trust Files 8-K on Equity Sales

TL;DR

Grayscale Litecoin Trust (LTC) filed an 8-K for unregistered equity sales on Nov 16.

AI Summary

On November 16, 2024, Grayscale Litecoin Trust (LTC) filed an 8-K report detailing unregistered sales of equity securities. The filing, submitted on November 20, 2024, indicates a change in the reporting period to November 16, 2024. The company, previously known as Litecoin Investment Trust, is incorporated in Delaware and operates under IRS number 826868171.

Why It Matters

This filing provides insight into potential new share issuances or private placements by Grayscale Litecoin Trust, which could impact the trust's share count and potentially its net asset value per share.

Risk Assessment

Risk Level: medium — Unregistered sales of equity securities can sometimes indicate a need for capital or a change in the trust's structure, which warrants closer examination.

Key Numbers

• 000-56310 — SEC File Number (Identifies the specific filing series for Grayscale Litecoin Trust)

Key Players & Entities

• Grayscale Litecoin Trust (LTC) (company) — Registrant
• Litecoin Investment Trust (company) — Former Company Name
• November 16, 2024 (date) — Date of earliest event reported
• November 20, 2024 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• 826868171 (identifier) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $3,876,606 — ate of 46,184.16321699 LTC representing $3,876,606. Grayscale Securities, LLC ("Grayscale

Filing Documents

• ltcn-20241116.htm (8-K) — 40KB
• 0000950170-24-129239.txt ( ) — 159KB
• ltcn-20241116.xsd (EX-101.SCH) — 29KB
• ltcn-20241116_htm.xml (XML) — 5KB

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. Since the sales reported on the most recently filed Current Report on Form 8-K by Grayscale Litecoin Trust (LTC) (the "Trust"), the Trust issued 546,200 Shares at varying prices determined by reference to its NAV per Share to selected "accredited investors," within the meaning of Rule 501 of Regulation D under the Securities Act of 1933, as amended (the "Securities Act"), in private placement transactions exempt from the registration requirements of the Securities Act pursuant to Rule 506(c) thereunder for an aggregate of 46,184.16321699 LTC representing $3,876,606. Grayscale Securities, LLC ("Grayscale Securities") acted as the Authorized Participant with respect to these distributions. As a result, there are 23,572,700 Shares issued and outstanding as of November 20, 2024. Because Shares have been, and continue to be, created and issued on a periodic basis, a "distribution," as such term is used in the Securities Act, may be occurring from time to time. As a result, Grayscale Securities, as Authorized Participant facilitating the creation of Shares and as distributor and marketer, may be deemed an "underwriter" under Section 2(a)(11) of the Securities Act. No underwriting discounts or commissions were paid to Grayscale Securities with respect to such sales.

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 Grayscale Litecoin Trust (LTC) Date: November 20, 2024 By: /s/ Edward McGee Edward McGee Chief Financial Officer* * The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.

View Full Filing

View this 8-K filing on SEC EDGAR