Grayscale Litecoin Trust (LTC) Files 8-K
Ticker: LTCN · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1732406
| Field | Detail |
|---|---|
| Company | Grayscale Litecoin Trust (Ltc) (LTCN) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, disclosure
TL;DR
Grayscale Litecoin Trust filed an 8-K on Jan 1, 2025, reporting a material definitive agreement.
AI Summary
On January 1, 2025, Grayscale Litecoin Trust (LTC) filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial statements, with Grayscale Operating, LLC listed as the principal executive office.
Why It Matters
This filing indicates a significant event or agreement for the Grayscale Litecoin Trust, potentially impacting its operations or financial structure.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of a material definitive agreement and does not inherently present new risks.
Key Players & Entities
- Grayscale Litecoin Trust (LTC) (company) — Registrant
- Grayscale Operating, LLC (company) — Principal Executive Offices
- January 1, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement reported by Grayscale Litecoin Trust (LTC)?
The filing indicates a material definitive agreement was entered into, but the specific details of this agreement are not provided in the summary information.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 1, 2025.
What is the principal executive office address for Grayscale Litecoin Trust (LTC)?
The principal executive offices are located at c/o Grayscale Operating, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.
What is the Commission File Number for Grayscale Litecoin Trust (LTC)?
The Commission File Number is 000-56310.
What is the IRS Employer Identification Number for Grayscale Litecoin Trust (LTC)?
The IRS Employer Identification Number is 82-6868171.
Filing Stats: 1,072 words · 4 min read · ~4 pages · Grade level 14.6 · Accepted 2025-01-03 16:04:39
Filing Documents
- ltcn-20250101.htm (8-K) — 56KB
- ltcn-ex10_1.htm (EX-10.1) — 147KB
- ltcn-ex10_2.htm (EX-10.2) — 76KB
- ltcn-ex10_3.htm (EX-10.3) — 47KB
- 0000950170-25-001121.txt ( ) — 471KB
- ltcn-20250101.xsd (EX-101.SCH) — 29KB
- ltcn-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 Trust (as defined below).
01. Other Events
Item 8.01. Other Events. Corporate Reorganization of the Sponsor On January 1, 2025, Grayscale Investments, LLC ("GSI") consummated an internal corporate reorganization (the "Reorganization"), pursuant to which GSI, the sponsor of Grayscale Litecoin Trust (LTC) (the "Trust") 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 Sponsor 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 Trust. 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 Sponsor (as such term is defined in the Trust Agreement) of the Trust (such contracts, the "Sponsor Contracts") to Grayscale Investments Sponsors, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of GSO ("GSIS" or the "Additional Sponsor"), pursuant to an: (1) Assignment and Assumption Agreement, dated as of January 1, 2025, by and between GSO and the Additional Sponsor (the "Assignment and Assumption Agreement"), (2) Assignment Agreement, dated as of December 20, 2024, by and among GSI, GSO, the Additional Sponsor 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 Sponsor and Foreside Fund Services, LLC (the "Foreside Assignment Agreement" and, together with the A
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 Sponsor of Grayscale Litecoin Trust (LTC) Date: January 3, 2025 By: /s/ Edward McGee Name: Edward McGee Title: 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 Operating, LLC, the Sponsor of the Registrant.