secwatch.observer — SEC 8-K summary
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Issuer:     Twenty One Capital, Inc. (XXI)
CIK:        0002070457
Form:       8-K
Filed at:   2026-07-21T11:09:48+00:00
Accession:  0001213900-26-079805
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twenty One Capital appoints Raphael Zagury as CEO; drops Strike acquisition, still evaluating Elektron
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- Jack Mallers resigns as CEO and director effective July 20, 2026; receives separation package including $1.15M share repurchase and 1.5M vested options.
- Raphael Zagury appointed CEO effective July 20, 2026; base salary $600K, bonus up to $700K, plus equity award to be determined.
- Company confirms it is no longer pursuing acquisition of Strike; potential combination with Elektron Energy remains under evaluation.
- Zagury is founder/CEO of Elektron Enterprises, which manages Elektron Energy; any future acquisition would be a related-party transaction.
- Board committee changes: Zagury resigns from all committees; Lyons, Lalljie, Olsoni appointed; new committee compensation approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2070457/000121390026079805/0001213900-26-079805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2070457/000121390026079805/ea0298629-8k_twenty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-079805

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