SoFi CEO enters prepaid forward contract on 1.5 million shares
Grayscale Horizen Trust (ZEN), a Delaware-based investment vehicle specializing in cryptocurrency assets, has disclosed the private placement of equity securities to accredited investors. On Monday, the Trust reported the issuance of 238,300 shares to select investors at prices tied to the Trust’s net asset value per share.
This private placement, exempt from registration under the Securities Act of 1933, resulted in the sale of shares worth approximately $260,185, equivalent to 20,225.85693168 ZEN. The transactions were facilitated by Grayscale Securities, LLC, acting as the Authorized Participant without any underwriting discounts or commissions.
Following these transactions, Grayscale Horizen Trust’s total issued and outstanding shares reached 11,100,500 as of today. The ongoing issuance of shares on a periodic basis may constitute a distribution under the Securities Act, potentially designating Grayscale Securities as an "underwriter."
This information is based on a press release statement filed with the SEC and is provided without any speculative insights or analysis of broader market implications.
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