Dilution profile // every instrument, one screen, from SEC filings

Twenty One Capital, Inc. (XXI)

CIK 2070457 · all EDGAR filings →

Offering ability
HIGH$487M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
NOT COMPUTEDunder 3 years of share history on file
= share count now vs 3 years ago
Cash need
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Note Investors$340.2Mnot tagged

Notes exactly as the company dimensioned them in its 10-Q filed Aug 11, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $486.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jan 5, 2026$486.5M registeredfiling →

Last 12 months: 1 executed · 2 registered.

UPDATEAug 11, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEMay 13, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATEApr 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEApr 6, 2026SEC declared a registration effective — selling can beginEFFECT
UPDATEFeb 12, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 12, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDFeb 9, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDJan 5, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDDec 12, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEDec 4, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATENov 14, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
UPDATENov 6, 2025Prospectus update — often a resale registration, not necessarily new capital424B3

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

Keep going: float checker · offering calendar · short-squeeze screener · full XXI workspace