Grayscale Zcash Trust Files 8-K on Equity Sales
Ticker: ZCSH · Form: 8-K · Filed: May 22, 2024 · CIK: 1720265
| Field | Detail |
|---|---|
| Company | Grayscale Zcash Trust (Zec) (ZCSH) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $275,077 |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, equity-securities, sec-filing
Related Tickers: ZEC
TL;DR
Grayscale Zcash Trust filed an 8-K for unregistered equity sales on 5/17.
AI Summary
On May 17, 2024, Grayscale Zcash Trust (ZEC) filed an 8-K report detailing unregistered sales of equity securities. The filing indicates a change in the company's status or operations, though specific details on the nature or value of these sales are not provided in the excerpt.
Why It Matters
This filing signals potential changes in the ownership structure or capital raising activities of the Grayscale Zcash Trust, which could impact its market position and investor relations.
Risk Assessment
Risk Level: medium — Filings related to unregistered equity sales can indicate financial distress or strategic shifts that may carry inherent risks for investors.
Key Numbers
- 000-56433 — Commission File Number (Identifies the specific SEC filing for the company.)
- 82-6646113 — IRS Employer Identification No. (Tax identification number for the entity.)
Key Players & Entities
- Grayscale Zcash Trust (ZEC) (company) — Registrant
- May 17, 2024 (date) — Date of earliest event reported
- 290 Harbor Drive, 4th Floor Stamford, Connecticut 06902 (address) — Principal Executive Offices
- 212 668-1427 (phone_number) — Registrant's Telephone Number
FAQ
What specific type of equity securities were sold?
The provided excerpt does not specify the type of equity securities sold, only that unregistered sales occurred.
What was the date of the earliest event reported in this 8-K?
The date of the earliest event reported is May 17, 2024.
What is the principal executive office address for Grayscale Zcash Trust?
The principal executive office address is c/o Grayscale Investments, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.
What is the Commission File Number for Grayscale Zcash Trust?
The Commission File Number is 000-56433.
What is the IRS Employer Identification Number for Grayscale Zcash Trust?
The IRS Employer Identification Number is 82-6646113.
Filing Stats: 586 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-05-22 16:03:17
Key Financial Figures
- $275,077 — ate of 11,600.90184576 ZEC representing $275,077. Grayscale Securities, LLC ("Grayscale
Filing Documents
- zcsh-20240517.htm (8-K) — 39KB
- 0000950170-24-063475.txt ( ) — 155KB
- zcsh-20240517.xsd (EX-101.SCH) — 28KB
- zcsh-20240517_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 Quarterly Report on Form 10-Q by Grayscale Zcash Trust (ZEC) (the "Trust"), the Trust issued 136,700 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 11,600.90184576 ZEC representing $275,077. Grayscale Securities, LLC ("Grayscale Securities") acted as the Authorized Participant with respect to these distributions. As a result, there are 4,353,300 Shares issued and outstanding as of May 22, 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 Zcash Trust (ZEC) Date: May 22, 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.