secwatch.observer — SEC 8-K summary
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Issuer:     Bitcoin Depot Inc. (BTM)
CIK:        0001901799
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001193125-23-250362
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901799/000119312523250362/0001193125-23-250362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901799/000119312523250362/d862376d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-250362

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