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

From the Filing

0000950170-25-005385.txt : 20250114 0000950170-25-005385.hdr.sgml : 20250114 20250114163822 ACCESSION NUMBER: 0000950170-25-005385 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20250109 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20250114 DATE AS OF CHANGE: 20250114 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: 25529809 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-20250109.htm 8-K 8-K 0001732406 false 0001732406 2025-01-09 2025-01-09   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): January 9, 2025     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 Operating, 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 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,