Twenty One Capital: SoftBank exits, selling 89M shares to Tether; governance pact terminated

Filed May 20, 2026 · Period ending May 15, 2026 · ~1 min read

Key Changes

• high

  SoftBank sold its entire 89.1M Class A share stake to Tether International on May 19; SoftBank's 89.1M Class B shares were simultaneously cancelled, reshaping the ownership and voting structure.

  Item 5.02 verify on EDGAR →
• high

  Governance Agreement with Tether, SoftBank, and Bitfinex terminated May 19, eliminating contractual rights these parties held over director elections, charter amendments, and other reserved matters.

  Item 1.01 view on EDGAR →
• high

  Two directors resigned at SoftBank's request, dropping the audit committee below NYSE's two-independent-member minimum; company notified NYSE and plans to appoint a replacement promptly.

  Item 3.01 verify on EDGAR →