M&A: Grayscale Stellar Lumens Trust (XLM)

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000095017025001123

Comments: On January 1, 2025, Grayscale Investments, LLC completed an internal corporate reorganization, merging with its wholly owned subsidiary Grayscale Operating, LLC, with the latter as the surviving entity. This merger causes Grayscale Operating, LLC to inherit all rights, powers, and obligations of Grayscale Investments, LLC under Delaware law. Following the merger, Grayscale Operating, LLC assigned certain contracts related to its sponsorship role to Grayscale Investments Sponsors, LLC, ensuring that the new entity takes over the Sponsor Contracts without any material impact on the Trust’s operations. On January 3, 2025, Grayscale Operating voluntarily withdrew as a Sponsor of the Trust, which will leave Grayscale Investments Sponsors, LLC as the sole remaining Sponsor after a 120-day notice period.

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