TC offering history
Every offering-related filing in Token Cat Ltd’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 168 filings back to Jul 31, 2018.
| Date | Filing | What it means | |
|---|---|---|---|
| Jan 7, 2026 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Dec 17, 2025 | F-3 → | REGISTERED | F-3 registration — capacity to sell shares, not a sale yet |
| Feb 21, 2025 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Dec 27, 2024 | F-1 → | REGISTERED | F-1 registration — capacity to sell shares, not a sale yet |
| Oct 28, 2024 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Nov 23, 2022 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Sep 8, 2022 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Aug 25, 2022 | F-3/A → | REGISTERED | F-3/A registration — capacity to sell shares, not a sale yet |
| Aug 16, 2022 | F-3/A → | REGISTERED | F-3/A registration — capacity to sell shares, not a sale yet |
| Aug 2, 2022 | F-3/A → | REGISTERED | F-3/A registration — capacity to sell shares, not a sale yet |
| Jul 14, 2022 | F-3/A → | REGISTERED | F-3/A registration — capacity to sell shares, not a sale yet |
| Jun 15, 2022 | F-3/A → | REGISTERED | F-3/A registration — capacity to sell shares, not a sale yet |
| May 13, 2022 | F-3 → | REGISTERED | F-3 registration — capacity to sell shares, not a sale yet |
| Nov 21, 2018 | 424B4 → | EXECUTED | Final prospectus — offering priced (typical for IPOs and marketed share deals) |
| Nov 19, 2018 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Nov 16, 2018 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Nov 16, 2018 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Nov 15, 2018 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Nov 15, 2018 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Nov 9, 2018 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Nov 9, 2018 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Nov 7, 2018 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Nov 5, 2018 | F-1/A → | REGISTERED | F-1/A registration — capacity to sell shares, not a sale yet |
| Oct 23, 2018 | F-1 → | REGISTERED | F-1 registration — capacity to sell shares, not a sale yet |
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.
TC offering FAQ
When did TC last execute an offering?
Per SEC filings, Token Cat Ltd's most recent priced offering document is a 424B5 filed 2024-10-28. Note a 424B takedown can price shares or notes (debt) — the linked document says which.
When did TC last announce or register an offering?
The most recent registration is a F-3 filed 2025-12-17. 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.