GraniteShares Platinum Trust Files S-1 Registration Statement

TL;DR

<b>GraniteShares Platinum Trust has filed an S-1 registration statement for a continuous offering of its securities.</b>

AI Summary

GraniteShares Platinum Trust (PLTM) filed a IPO Registration (S-1) with the SEC on January 17, 2024. GraniteShares Platinum Trust filed an S-1 registration statement with the SEC on January 17, 2024. The filing indicates the trust is a smaller reporting company. The securities are being offered on a delayed or continuous basis pursuant to Rule 415. The principal executive offices are located at 222 Broadway, 21st Floor, New York, NY 10038. The filing is for registration under the Securities Act of 1933, with registration number 333-[____].

Why It Matters

For investors and stakeholders tracking GraniteShares Platinum Trust, this filing contains several important signals. This S-1 filing is a prerequisite for the public offering and sale of securities related to the GraniteShares Platinum Trust, allowing investors to assess the trust's structure and offering details. The classification as a 'smaller reporting company' and the use of Rule 415 suggest a potentially less complex or ongoing offering structure compared to larger, more immediate IPOs.

Risk Assessment

Risk Level: low — GraniteShares Platinum Trust shows low risk based on this filing. The filing is a standard S-1 registration statement, which is a preliminary step for offering securities and does not contain operational or financial performance data that would indicate immediate risk.

Analyst Insight

Monitor for the effectiveness of the S-1 filing and subsequent prospectus details to understand the specific offering terms and potential investment opportunities in platinum.

Key Numbers

• S-1 — Form Type (Registration Statement)
• 2024-01-17 — Filing Date (Date filed with SEC)
• 333-[____] — Registration Number (SEC registration number)
• Smaller reporting company — Filer Status (Indicated filer status)

Key Players & Entities

• GraniteShares Platinum Trust (company) — Registrant name
• Securities and Exchange Commission (regulator) — Filing recipient
• 2024-01-17 (date) — Filing date
• 222 Broadway, 21st Floor, New York, New York 10038 (address) — Registrant's principal executive offices
• 333-[____] (registration_number) — Registration number
• W. Thomas Conner, Esq. (person) — Copies to contact
• Carlton Fields (company) — Legal counsel
• Rule 415 (rule) — Securities Act of 1933 provision

Forward-Looking Statements

• GraniteShares Platinum Trust will launch an exchange-traded product (ETP) providing direct exposure to platinum. (GraniteShares Platinum Trust) — medium confidence, target: Q2 2024
• The new platinum product will attract significant investor interest due to its accessibility. (investors) — medium confidence, target: Q3 2024

FAQ

Risk Factors

• Registration Statement Effectiveness [low — regulatory]: The effectiveness of this registration statement is required before securities can be offered to the public, and delays could impact the offering timeline.

Key Dates

• 2024-01-17: S-1 Filing — Initial registration statement filed with the SEC.
• 2024-01-16: Date as of Change — Indicates the date the filing information was last updated or confirmed.

Glossary

S-1

A registration statement filed with the U.S. Securities and Exchange Commission (SEC) by companies whose securities are to be sold to the public. It provides detailed information about the company's business, financial condition, and the securities being offered. (This is the primary form used by GraniteShares Platinum Trust to register its securities for public offering.)

Rule 415

A rule that permits securities to be registered for the 'shelf' and offered on a delayed or continuous basis. This allows companies to quickly issue securities when market conditions are favorable. (The trust is using this rule, indicating an intention for ongoing or delayed sales of its securities.)

Key Financial Figures

• $500,000 — osts, audit fees and expenses and up to $500,000 per annum in legal fees and expenses.

Filing Documents

• forms-1.htm (S-1) — 680KB
• ex5-1.htm (EX-5.1) — 22KB
• ex8-1.htm (EX-8.1) — 22KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 77KB
• forms-1_001.jpg (GRAPHIC) — 23KB
• ex5-1_001.jpg (GRAPHIC) — 13KB
• ex8-1_001.jpg (GRAPHIC) — 13KB
• 0001493152-24-002519.txt (&nbsp;) — 873KB

Risk Factors

Risk Factors An investment in the Trust involves risks and uncertainties described in the section below entitled &ldquo;Risk Factors&rdquo; and elsewhere in this prospectus. You should carefully read the &ldquo;Risk Factors&rdquo; section of this prospectus for a discussion of factors that you should consider before deciding to invest in the Shares. Some of these risks and uncertainties include: Because the Shares are created to reflect the price of the platinum held by the Trust, the market price of the Shares will be as unpredictable as the price of platinum has historically been. This creates the potential for losses, regardless of whether you hold Shares for the short-, mid- or long-term. Future governmental decisions may have significant impact on the price of platinum, which may result in a significant decrease or increase in the value of the net assets and the net asset value of the Trust. An investment in the Trust may be adversely affected by competition from other methods of investing in platinum. Because the Trust is not a diversified investment, it may be more volatile than other investments. As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares. The value of the Shares will be adversely affected if any services provided to the Trust by the Sponsor, the Custodian or the Trustee are suddenly or unexpectedly terminated. The Sponsor and its affiliates manage other funds, including those that invest in physical gold bullion or other precious metals, and conflicts of interest may occur, which may reduce the value of the net assets of the Trust, the NAV and the trading price of the Shares. War and other geopolitical events, including but not limited to the war between Russia and Ukraine, outbreaks or public health emergencies (as declared by the World Health Organization), the continuation or expansion of war or other hostilities, or a prolonged government shutdown may cause volatility

View Full Filing

View this S-1 filing on SEC EDGAR