Bitcoin Depot files Chapter 11 to wind down; common stock likely worthless

Bitcoin Depot Inc.

Voluntary Chapter 11 petitions filed May 17, 2026, to wind down operations and facilitate asset sale.
Regulatory environment for Bitcoin ATMs deemed unsustainable; network taken offline.
All employees given 60-day WARN notice; executive officer terminations expected July 17, 2026.
Ivona Smith appointed to board May 13, 2026; will serve on newly formed Restructuring Committee.
Company warns holders of Class A common stock could experience significant or complete loss.

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Executive movements

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Appointed

Ivona Smith

Director

BTM · Bitcoin Depot Inc.

Effective: 2026-05-13
Filed: May 18, 2026 10:10 UTC

On May 13, 2026, the Board of Directors (the “Board”) of the Company, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ivona Smith to the Board, effective May 13, 2026.

Source: SEC EDGAR

accession 0001193125-26-227832

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