Grayscale Digital Large Cap Fund Changes Certifying Accountant

TL;DR

Grayscale Digital Large Cap Fund LLC just switched its auditor. Keep an eye on why.

AI Summary

Grayscale Digital Large Cap Fund LLC filed an 8-K on March 6, 2024, reporting a change in its certifying accountant as of March 1, 2024. The filing does not disclose the specific name of the new accountant or the reason for the change, but it indicates a transition in their auditing services.

Why It Matters

A change in a fund's certifying accountant can signal potential issues with previous audits or a strategic shift in financial oversight, which investors should monitor.

Risk Assessment

Risk Level: medium — A change in certifying accountant, especially without immediate explanation, can sometimes indicate underlying issues or a shift in financial reporting scrutiny.

Key Players & Entities

• Grayscale Digital Large Cap Fund LLC (company) — Registrant
• March 1, 2024 (date) — Date of earliest event reported
• March 6, 2024 (date) — Date of report

FAQ

From the Filing

0000950170-24-027119.txt : 20240306 0000950170-24-027119.hdr.sgml : 20240306 20240306160300 ACCESSION NUMBER: 0000950170-24-027119 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240301 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240306 DATE AS OF CHANGE: 20240306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Digital Large Cap Fund LLC CENTRAL INDEX KEY: 0001729997 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 981406784 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56284 FILM NUMBER: 24725798 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212-668-1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 8-K 1 gdlc-20240301.htm 8-K 8-K false 0001729997 0001729997 2024-03-01 2024-03-01   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2024     Grayscale Digital Large Cap Fund LLC (Exact name of Registrant as Specified in Its Charter)     Cayman Islands 000-56284 98-1406784 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           c/o Grayscale Investments, LLC 290 Harbor Drive, 4th Floor   Stamford , Connecticut   06902 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 212 668-1427   N/A (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(g) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Grayscale Digital Large Cap Fund LLC Shares   GDLC   N/A Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐     Item 4.01 Changes in Registrant’s Certifying Accountant. (a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the manager (the “Manager”) of Grayscale Digital Large Cap Fund LLC (the “Fund”), approved the dismissal of the current independent registered public accounting firm of the Fund, Marcum LLP (“Marcum”), effective following the completion of the audit of the Fund’s financial statements for the fiscal year ending June 30, 2024. Marcum’s responsibilities as the Fund’s independent registered public accounting firm