Grayscale Litecoin Trust Files 8-K on Equity Sales

Ticker: LTCN · Form: 8-K · Filed: 2024-12-13T00:00:00.000Z

Sentiment: neutral

Topics: unregistered-sales, equity-securities, trust-filing

TL;DR

Grayscale Litecoin Trust just filed an 8-K for unregistered equity sales. Keep an eye on this.

AI Summary

On December 10, 2024, Grayscale Litecoin Trust (LTC) filed an 8-K report detailing unregistered sales of equity securities. The filing, submitted on December 13, 2024, indicates a transaction related to the trust's operations, though specific details of the sale, including the amount or parties involved, are not elaborated in the provided text.

Why It Matters

This filing signals potential changes in the trust's share structure or capital raising activities, which could impact investors and the market for Litecoin-related securities.

Risk Assessment

Risk Level: medium — Filings related to unregistered sales can sometimes indicate complex financial maneuvers or regulatory considerations that may carry inherent risks.

Key Players & Entities

FAQ

What specific type of equity securities were sold?

The filing indicates 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities sold in the provided text.

What was the date of the earliest event reported in this 8-K?

The earliest event reported was on December 10, 2024.

Who is the principal executive office of Grayscale Litecoin Trust (LTC)?

The address of the Principal Executive Offices is c/o Grayscale Investments, 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 the registrant?

The IRS Employer Identification Number is 82-6868171.

From the Filing

0000950170-24-136184.txt : 20241213 0000950170-24-136184.hdr.sgml : 20241213 20241213160512 ACCESSION NUMBER: 0000950170-24-136184 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20241213 DATE AS OF CHANGE: 20241213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Litecoin Trust (LTC) CENTRAL INDEX KEY: 0001732406 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826868171 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56310 FILM NUMBER: 241548336 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 FORMER COMPANY: FORMER CONFORMED NAME: Litecoin Investment Trust DATE OF NAME CHANGE: 20180222 8-K 1 ltcn-20241210.htm 8-K 8-K 0001732406 false 0001732406 2024-12-10 2024-12-10   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): December 10, 2024     Grayscale Litecoin Trust (LTC) (Exact name of Registrant as Specified in Its Charter)     Delaware 000-56310 82-6868171 (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 Litecoin Trust (LTC) Shares   LTCN   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 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 321,600 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 27,150.88814374 LTC representing $3,270,225. Grayscale Securit

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