secwatch.observer — SEC 8-K summary
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Issuer:     CYPHERPUNK TECHNOLOGIES INC. (CYPH)
CIK:        0001509745
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001104659-25-114435
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509745/000110465925114435/0001104659-25-114435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509745/000110465925114435/tm2531822d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-114435

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