Capitalization table
8 share classes, by liquidation seniority| Class | Authorized | Liq. pref | Participation | Issue price | % owned |
|---|---|---|---|---|---|
| Seed | 1,391,954 | ▮ | ▮ | ▮ | ▮ |
| Seed-1 | 2,321,686 | ▮ | ▮ | ▮ | ▮ |
| Seed-2 | 287,338 | ▮ | ▮ | ▮ | ▮ |
| Seed-3 | 804,550 | ▮ | ▮ | ▮ | ▮ |
| Series A | 5,157,856 | ▮ | ▮ | ▮ | ▮ |
| Series B | 2,120,875 | ▮ | ▮ | ▮ | ▮ |
| + 2 more classes · a free account shows the full cap table | |||||
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Reading Kalshi's cap table
Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.
The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.
Frequently asked
- How many share classes does Kalshi have?
- Kalshi has 8 recorded share classes, listed by liquidation seniority — Seed is the most senior.
- How many shares has Kalshi authorized?
- Across its 8 recorded classes, Kalshi has authorized 12,084,259+ shares.
- Where does Kalshi's cap table come from?
- Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Kalshi's 12 recorded funding rounds.