---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-096966"
form_type: "8-K"
ticker: "CYPH"
cik: "0001509745"
company_name: "CYPHERPUNK TECHNOLOGIES INC."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:33:58.381966+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Leap Therapeutics raises $58.9M in PIPE led by Winklevoss Capital, adopts digital asset treasury strategy

## Summary
- $58,888,888 in cash commitments for PIPE offering at $0.61439 per unit, led by Winklevoss Capital.
- Issues 95.8M shares/pre-funded warrants and 71.9M warrants exercisable at $0.5335 per share.
- Closing expected October 8, 2025; Winklevoss Capital to nominate two board members, one as chair.
- Proceeds to fund digital asset treasury strategy and continued development of FL-501 and sirexatamab.
- Company reaffirms pursuit of existing biotech pipeline alongside new digital asset strategy.

## SEC filing metadata
- accession: 0001104659-25-096966
- form_type: 8-K
- ticker: CYPH
- cik: 0001509745
- company_name: CYPHERPUNK TECHNOLOGIES INC.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509745/000110465925096966/0001104659-25-096966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509745/000110465925096966/tm2528058d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-096966
- JSON: https://secwatch.observer/filing/0001104659-25-096966.json
- Plain text: https://secwatch.observer/filing/0001104659-25-096966.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.