As filed with the Securities and Exchange Commission on June 9, 2026
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
Cypherpunk Technologies Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 27-4412575 |
| (State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
47 Thorndike Street
Suite B1-1
Cambridge, MA 02141
Telephone: (617) 714-0360
(Address of principal executive offices) (Zip Code)
Cypherpunk Technologies Inc. 2016 Equity Incentive Plan
(Full title of the Plan)
Douglas E. Onsi
Chief Executive Officer and President
Cypherpunk Technologies Inc.
47 Thorndike Street, Suite B1-1
Cambridge, MA 02141
(Name and address of agent for service)
(617) 714-0360
(Telephone number, including area code, of agent for service)
Copy to:
Julio E. Vega, Esq.
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110
(617) 951-8000
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ¨ | Accelerated filer ¨ |
| Non-accelerated filer x | Smaller reporting company x |
| Emerging growth company ¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨
INCORPORATION OF DOCUMENTS BY REFERENCE
This Registration Statement on Form S-8, relating to the Cypherpunk Technologies Inc. 2016 Equity Incentive Plan, as amended, is being filed for the purpose of registering additional securities of the same class as other securities for which a Registration Statement on Form S-8 has previously been filed and is effective. Pursuant to General Instruction E to Form S-8, except as otherwise set forth below, this Registration Statement incorporates by reference the contents of the following Registration Statements on Form S-8 previously filed by the Registrant with the Securities and Exchange Commission (the “Commission”):
| · | Registration Statement on Form S-8, File No. 333-215787, filed on January 27, 2017; |
| · | Registration Statement on Form S-8, File No. 333-223707, filed on March 16, 2018; |
| · | Registration Statement on Form S-8, File No. 333-232066, filed on June 11, 2019; |
| · | Registration Statement on Form S-8, File No. 333-237295, filed on March 20, 2020; |
| · | Registration Statement on Form S-8, File No. 333-254360, filed on March 16, 2021; |
| · | Registration Statement on Form S-8, File No. 333-262409, filed on January 28, 2022; |
| · | Registration Statement on Form S-8, File No. 333-269586, filed on February 6, 2023; |
| · | Registration Statement on Form S-8, File No. 333-276726, filed on January 26, 2024; and |
| · | Registration Statement on Form S-8, File No. 333-286128, filed on March 26, 2025. |
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
| Item 8. | Exhibits. |
| Exhibit Number | Exhibit |
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Cambridge, Commonwealth of Massachusetts on June 9, 2026.
| CYPHERPUNK TECHNOLOGIES INC. | ||
| By: | /s/ Douglas E. Onsi | |
| Name: | Douglas E. Onsi | |
| Title: | Chief Executive Officer and President | |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Khing Oei and Douglas Onsi, and each of them, as his true and lawful attorney-in-fact and agent with full power of substitution, for him in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
| NAME | TITLE | DATE | ||
| Chief Executive Officer, President, Chief | ||||
| /s/ DOUGLAS E. ONSI | Financial Officer and Director (Principal | June 9, 2026 | ||
| Douglas E. Onsi | Executive Officer and Principal Financial Officer) | |||
| /s/ KHING OEI | Chairman of the Board of Directors | June 9, 2026 | ||
| Khing Oei | ||||
| /s/ JAMES CAVANAUGH | Director | June 9, 2026 | ||
| James Cavanaugh | ||||
| /s/ THOMAS DIETZ | Director | June 9, 2026 | ||
| Thomas Dietz | ||||
| /s/ WILLIAM LI | Director | June 9, 2026 | ||
| William Li | ||||
| /s/ JOSEPH LOSCALZO | Director | June 9, 2026 | ||
| Joseph Loscalzo | ||||
| /s/ PATRICIA MARTIN | Director | June 9, 2026 | ||
| Patricia Martin |
| /s/ NISSIM MASHIACH | Director | June 9, 2026 | ||
| Nissim Mashiach | ||||
| /s/ CHRISTIAN RICHARD | Director | June 9, 2026 | ||
| Christian Richard | ||||
| /s/ RICHARD L. SCHILSKY | Director | June 9, 2026 | ||
| Richard L Schilsky | ||||
| /s/ CHRISTOPHER K. MIRABELLI | Director | June 9, 2026 | ||
| Christopher K. Mirabelli | ||||
| /s/ WILL MCEVOY | Director | June 9, 2026 | ||
| Will McEvoy |
Exhibit 5.1
June 9, 2026
Cypherpunk Technologies Inc.
47 Thorndike Street, Suite B1-1
Cambridge, MA 02141
| Re: | Registration Statement on Form S-8; 3,354,042 shares of Common Stock of Cypherpunk Technologies Inc., par value $0.001 per share |
Ladies and Gentlemen:
We have acted as counsel to Cypherpunk Technologies Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of 3,354,042 shares of common stock of the Company, par value $0.001 per share (the “Shares”), issuable under the Company’s 2016 Equity Incentive Plan, as amended (the “2016 Plan”).
The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on June 9, 2026 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the related prospectuses, other than as expressly stated herein with respect to the issuance of the Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.
Subject to the foregoing and the other matters set forth herein, it is our opinion as of the date hereof that, when the Shares have been issued and delivered by the Company against payment therefor in the circumstances contemplated by the 2016 Plan, assuming in each case that the individual issuances, grants or awards under the 2016 Plan are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the 2016 Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
| Very truly yours, | |
| /s/ MORGAN, LEWIS & BOCKIUS LLP |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement of Cypherpunk Technologies Inc. on Form S-8 to be filed on or about June 9, 2026 of our report dated March 16, 2026, on our audits of the financial statements as of December 31, 2025 and 2024 and for each of the years then ended, which report was included in the Annual Report on Form 10-K filed March 16, 2026.
/s/ EisnerAmper LLP
EISNERAMPER LLP
Philadelphia, Pennsylvania
June 9, 2026
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Calculation of Filing Fee Tables |
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Table 1: Newly Registered Securities |
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Security Type |
Security Class Title |
Fee Calculation Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
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|---|---|---|---|---|---|---|---|---|
| 1 |
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$
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$
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$
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Total Offering Amounts: |
$
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$
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Total Fee Offsets: |
$
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Net Fee Due: |
$
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Offering Note |
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1 |
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| Table 2: Fee Offset Claims and Sources |
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| Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rule 457(p) | |||||||||||||
| Fee Offset Claims | |||||||||||||
| Fee Offset Sources | |||||||||||||