Grayscale Litecoin Trust (LTC) Reports Unregistered Equity Sales

TL;DR

Grayscale Litecoin Trust (LTC) filed an 8-K for unregistered equity sales on Jan 9, 2025.

AI Summary

On January 9, 2025, Grayscale Litecoin Trust (LTC) filed an 8-K report detailing unregistered sales of equity securities. The filing, submitted on January 14, 2025, falls under the SEC Act of 1934 and pertains to the company's operations as a crypto asset investment vehicle incorporated in Delaware.

Why It Matters

This filing indicates potential new equity issuances by Grayscale Litecoin Trust, which could impact the trust's share structure and the market for its Litecoin holdings.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate less transparency or potential regulatory scrutiny compared to registered offerings.

Key Numbers

• 000-56310 — SEC File Number (Identifies the specific SEC filing for Grayscale Litecoin Trust.)
• 82-6868171 — IRS Employer Identification No. (Tax identification number for the trust.)

Key Players & Entities

• Grayscale Litecoin Trust (LTC) (company) — Registrant
• January 9, 2025 (date) — Date of earliest event reported
• January 14, 2025 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 212 668-1427 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $2,312,204 — ate of 20,482.83821511 LTC representing $2,312,204. Grayscale Securities, LLC ("Grayscale

Filing Documents

• ltcn-20250109.htm (8-K) — 40KB
• 0000950170-25-005385.txt ( ) — 159KB
• ltcn-20250109.xsd (EX-101.SCH) — 29KB
• ltcn-20250109_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 242,900 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 20,482.83821511 LTC representing $2,312,204. Grayscale Securities, LLC ("Grayscale Securities") acted as the Authorized Participant with respect to these distributions. As a result, there are 24,137,200 Shares issued and outstanding as of January 14, 2025. 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 Operating, LLC as Sponsor of Grayscale Litecoin Trust (LTC) Date: January 14, 2025 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 Operating, LLC, the Sponsor of the Registrant.

View Full Filing

View this 8-K filing on SEC EDGAR