Offerings // CYPHERPUNK TECHNOLOGIES INC.

CYPH offering history

Every offering-related filing in CYPHERPUNK TECHNOLOGIES INC.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 608 filings back to Jan 7, 2011.

Last executed offering

Nov 12, 2025

424B5 — priced deal (shares or notes)

Last registration (announced)

May 10, 2024

S-3 — capacity, not a sale

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Nov 12, 2025	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Oct 9, 2025	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
May 23, 2024	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
May 23, 2024	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
May 10, 2024	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
May 9, 2024	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Apr 11, 2024	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Mar 18, 2024	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Jun 14, 2023	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jun 14, 2023	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jun 9, 2023	S-3/A →	REGISTERED	S-3/A registration — capacity to sell shares, not a sale yet
Apr 21, 2023	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Jan 23, 2023	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Sep 22, 2021	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Sep 21, 2021	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Oct 16, 2020	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Oct 14, 2020	S-3/A →	REGISTERED	S-3/A registration — capacity to sell shares, not a sale yet
Sep 14, 2020	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Jun 19, 2020	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Jun 17, 2020	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Aug 13, 2019	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Aug 8, 2019	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jul 31, 2019	S-1 →	REGISTERED	S-1 registration — capacity to sell shares, not a sale yet
Jul 11, 2019	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jul 11, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Apr 1, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Feb 1, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Jan 31, 2019	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Sep 7, 2018	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Mar 23, 2018	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Mar 22, 2018	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Mar 16, 2018	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Mar 2, 2018	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Dec 15, 2017	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Dec 15, 2017	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 14, 2017	S-3/A →	REGISTERED	S-3/A registration — capacity to sell shares, not a sale yet
Dec 8, 2017	S-3 →	REGISTERED	S-3 registration — capacity to sell shares, not a sale yet
Nov 17, 2017	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jan 26, 2017	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Nov 23, 2016	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital

CYPH offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full CYPH workspace →

CYPH offering FAQ

When did CYPH last execute an offering?

Per SEC filings, CYPHERPUNK TECHNOLOGIES INC.'s most recent priced offering document is a 424B5 filed 2025-11-12. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did CYPH last announce or register an offering?

The most recent registration is a S-3 filed 2024-05-10. A registration is capacity to sell shares — not a sale.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.