Item 3.02. Unregistered sale of shares.
Since sales were reported by Grayscale Litecoin Trust (LTC) (the “Trust”) in its recently filed Current Report on Form 8-K, the Trust has reported NAV per share for selected “certifications.” issued 499,200 shares at various prices determined with reference to “Investor” means a private placement within the meaning of Regulation D Rule 501 under the Securities Act of 1933, as amended (the “Securities Act”) that is exempt from the registration requirements of the Securities Act under Rule 506(c). It’s in trading. Total 42,313.00971604 LTC equals $2,937,274. Grayscale Securities, LLC (“Grayscale Securities”) acted as an authorized participant with respect to these distributions. As a result, as of October 18, 2024, the number of outstanding shares is 22,780,400 shares.
Because shares have been and will continue to be created and issued on a regular basis, the term “distribution” as used in securities law may occur from time to time. As a result, Grayscale Securities may be considered an “underwriter” under Section 2(a)(11) of the Securities Act, both as an authorized participant in facilitating the creation of stock and as a distributor and marketer. There is. No underwriting discount or commission was paid to Grayscale Securities in connection with such sales.
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Grayscale Litecoin Trust (LTC) published this content on October 18, 2024 and is solely responsible for the information it contains. Distributed by the public on Oct 18, 2024 20:03:11.534 without any edits or changes.
