secwatch.observer — SEC 8-K summary
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Issuer:     Bitcoin Depot Inc. (BTM)
CIK:        0001901799
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001193125-23-174559
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSRM enters PIPE up to $50M for Bitcoin Depot merger; special meeting June 28
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- Entered PIPE agreement for up to ~$50M gross proceeds (PIPE + non-redemption) for business combination with Bitcoin Depot.
- Subscribers agreed to not redeem 700,000 shares and to purchase 4,300,000 Series A Preferred shares at $10/share.
- Proceeds released based on stock price during Reference Periods; company may owe deficiency payments.
- Special stockholder meeting on June 28, 2023 to vote on business combination and related proposals.
- Redemption deadline for public stockholders is June 26, 2023, 5:00 p.m. Eastern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901799/000119312523174559/0001193125-23-174559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901799/000119312523174559/d646464d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-174559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer