---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-079361"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:55:34.097498+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot completes Up-C elimination; CEO Mintz receives 41.2M Class M shares, 94.6% voting power

## Summary
- Eliminated Up-C structure via merger; CEO Brandon Mintz and affiliates received 41,193,024 newly issued Class M common shares.
- Tax Receivable Agreement terminated with $8.4M cash payment to former BT Assets stockholders (including Mintz).
- Mintz holds 94.56% of voting power post-restructuring; company remains a 'controlled company' under Nasdaq rules.
- Public stockholders' Class A common stock and warrant terms unchanged; economic rights unaffected.
- Restructuring aims to improve equity liquidity, enable use of stock as acquisition currency, and generate long-term cash/tax savings.

## SEC filing metadata
- accession: 0000950170-25-079361
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017025079361/0000950170-25-079361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017025079361/btm-20250530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-079361
- JSON: https://secwatch.observer/filing/0000950170-25-079361.json
- Plain text: https://secwatch.observer/filing/0000950170-25-079361.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.