Bitcoin Depot amends PIPE agreement; institutional investors buy 3.475M Series A Preferred shares

Bitcoin Depot Inc.

Amendment accelerates remaining Reference Periods; Company receives $28,449 settlement, no deficiency payment.
Preferred Sale of 3.475M Series A Preferred at net $2.10/share to investors including AWM Investment Company.
Series A Preferred convertible 1:1 into Class A common; Company receives no proceeds from the sale.
Registration Rights Agreement requires Company to file resale registration statement within 15 days of closing.
If Preferred Sale not consummated by Oct 11, 2023, Amendment terms revert to original PIPE Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bitcoin Depot Inc. amended Amendment No. 1 with Subscribers (as defined in the Amendment) valued at $28,449 (effective 2023-10-02).

Action: amendment
Agreement: equity purchase
Counterparty: Subscribers (as defined in the Amendment)
Value: $28,449
Effective: 2023-10-02

Exact text from the filing

On October 2, 2023, Bitcoin Depot Inc. (the " Company ") and Bitcoin Depot Operating LLC, a Delaware limited liability company, entered into Amendment No. 1 (the " Amendment ") to the PIPE Agreement, dated June 23, 2023 (the " PIPE Agreement "), with the Subscribers (as defined in the Amendment).

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Source: SEC EDGAR

accession 0001193125-23-250362

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