M&A: Grayscale Horizen Trust (ZEN)

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000095017025001120

Comments: On January 1, 2025, Grayscale Investments, LLC completed a corporate reorganization by merging with Grayscale Operating, LLC, a wholly owned subsidiary of Digital Currency Group, Inc. Following the merger, GSO became the surviving entity, inheriting all rights and obligations of GSI, including Sponsor Contracts relevant to Grayscale Horizen Trust (ZEN). Concurrently, certain contracts were assigned to Grayscale Investments Sponsors, LLC, which assumed the responsibilities under these contracts. The reorganization, including the admission of the new sponsor, does not significantly impact the Trust's operations. Additionally, GSO announced a voluntary withdrawal as a Sponsor effective 120 days post-filing, with GSIS set to become the sole remaining Sponsor after that period.

Document Link: View Document