M&A: Grayscale Ethereum Trust (ETH)

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000095017025001119

Comments: On January 1, 2025, Grayscale Investments, LLC (GSI) completed a corporate reorganization through a merger with Grayscale Operating, LLC, a subsidiary of Digital Currency Group, Inc. (GSO). GSO emerged as the surviving entity, taking over GSI's rights, obligations, and contracts related to the Grayscale Ethereum Trust ETF. Following this reorganization, GSO assigned certain sponsor contracts to Grayscale Investments Sponsors, LLC, another subsidiary, without altering the rights under these contracts. The Additional Sponsor, GSIS, was admitted under the Trust Agreement, and GSO began a voluntary withdrawal as a sponsor effective 120 days from the filing date, leaving GSIS as the sole sponsor.

Document Link: View Document

Additional details:

Item 1 01: Entry into a Material Definitive Agreement

Item 8 01: Corporate Reorganization of the Sponsor

Liabilities And Restrictions Of GSI: GSO succeeded to GSI's obligations as per the merger.

Assignment Agreements Details: GSO assigned certain contracts pertaining to its role as Sponsor to GSIS.

Gso Withdrawal Details: GSO will withdraw as a Sponsor after a 120-day notice period.