Company: HZEN
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017070
Chunk: 27

Company: Grayscale Horizen Trust (ZEN)
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
 months ended December 31, 2023
     
    $
    9.25

    $
    15.10

    2/15/2023
     
    $
    6.08

    6/12/2023
     
    $
    9.14

    $
    9.61

    Twelve months ended December 31, 2024
     
    $
    10.33

    $
    37.92

    12/25/2024
     
    $
    6.24

    6/24/2024
     
    $
    28.91

    $
    28.91

    January 1, 2020 to December 31, 2024
     
    $
    24.93

    $
    150.44

    5/12/2021
     
    $
    4.69

    3/16/2020
     
    $
    28.91

    $
    28.91

 21

The following chart sets out the historical closing prices for the Shares as reported by OTCQX and the Trust’s NAV per Share from October 19, 2021 to December 31, 2024.

HZEN Premium/(Discount): HZEN Share Price vs. NAV per Share (Non-GAAP) ($) 

The following chart sets out the historical premium and discount for the Shares as reported by OTCQX and the Trust’s NAV per Share from October 19, 2021 to December 31, 2024.

HZEN Premium/(Discount): HZEN Share Price vs. NAV per Share (Non-GAAP) (%) 

Recent Developments

On January 1, 2025, Grayscale Investments, LLC (“GSI”) consummated an internal corporate reorganization (the “Reorganization”), pursuant to which Grayscale Investments, LLC, the Sponsor of the Trust prior to the Reorganization, merged with and into Grayscale Operating, LLC (“GSO”), a Delaware limited liability company and a wholly owned indirect subsidiary of DCG, with GSO continuing as the surviving company (the “Merger”). As a result of the Merger, GSO succeeded by operation of law to all the rights, powers, privileges and franchises and became subject to all of the obligations, liabilities, restrictions and disabilities of GSI, including with respect to