secwatch.observer — SEC 8-K summary
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Issuer:     Twenty One Capital, Inc. (XXI)
CIK:        0002070457
Form:       8-K
Filed at:   2026-05-20T12:49:08+00:00
Accession:  0001213900-26-059270
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.02, 3.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Tether International acquires SoftBank's stake in Twenty One Capital; board members resign
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- Tether International purchased 89,106,748 shares of XXI Class A common stock from SoftBank on May 19, 2026.
- Board members Jared Roscoe and Vikas J. Parekh resigned at SoftBank's request upon closing of the transaction.
- Audit committee fell below NYSE requirement of two independent members after Roscoe's resignation.
- Governance Agreement among Twenty One Capital, Tether Investments, SoftBank, and Bitfinex was terminated.
- Company outlines strategy to combine Bitcoin treasury, financial services, mining, and capital markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2070457/000121390026059270/0001213900-26-059270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2070457/000121390026059270/ea0291071-8k_twenty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-059270

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