---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-114435"
form_type: "8-K"
ticker: "CYPH"
cik: "0001509745"
company_name: "CYPHERPUNK TECHNOLOGIES INC."
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T17:58:29.260617+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cypherpunk Technologies enters waiver agreement with Winklevoss Capital to free shares for $200M ATM program

## Summary
- Cypherpunk Technologies (CYPH) signed a waiver agreement with Winklevoss Capital on November 19, 2025, modifying the October 8, 2025 common warrant.
- Winklevoss waived the share reservation covenant for 57,182,378 warrant shares to allow their issuance under the company's $200 million ATM equity offering program.
- Winklevoss cannot exercise the warrant for those restricted shares until authorized common stock reaches 490 million shares or a reverse stock split of at least 1:5 occurs.
- The waiver applies only to the 57,182,378 restricted shares; other warrant shares remain unaffected.
- The agreement supports Cypherpunk's ability to raise capital through its existing ATM facility.

## SEC filing metadata
- accession: 0001104659-25-114435
- form_type: 8-K
- ticker: CYPH
- cik: 0001509745
- company_name: CYPHERPUNK TECHNOLOGIES INC.
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509745/000110465925114435/0001104659-25-114435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509745/000110465925114435/tm2531822d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-114435
- JSON: https://secwatch.observer/filing/0001104659-25-114435.json
- Plain text: https://secwatch.observer/filing/0001104659-25-114435.txt

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