Bitcoin Depot Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)).
“May 18, 2026, the Company received a letter from the Listing Qualifications Department staff of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Debtors’ commencement of the Chapter 1”
Listing & Compliance Notices
Bitcoin Depot Inc. received a nasdaq delisting notice notice regarding other (rules 5110(b)).
“May 18, 2026, the Company received a letter from the Listing Qualifications Department staff of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Debtors’ commencement of the Chapter 1”
Debt Financings
Bitcoin Depot Inc. faced acceleration on term loan with Silverview Credit Partners, LP.
“The filing of the Chapter 11 Cases constitutes an event of default that automatically accelerated and increased certain obligations under the Second Amended and Restated Credit Agreement, dated as of November 1, 2024 (as amended by that certain Amendment No. 1 to Second Amended and Restated Credit Agreement, dated as of March 14, 2025, and as further amended by that certain Amendment No. 2 to Second Amended and Restated Credit Agreement, dated as of December 19, 2025, the “Term Loan Credit Agreement”), by and among Silverview Credit Partners, LP (f/k/a Silverpeak Credit Partners, LP), a Delaware limited partnership, as administrative agent, the lenders party thereto from time to time, Kiosk HoldCo LLC, a Delaware limited liability company and subsidiary of the Company, as the borrower, BT HoldCo LLC, a Delaware limited liability company and subsidiary of the Company, as holding company, and the subsidiary guarantors party thereto from time to time.”
Distress & Bankruptcy
Bitcoin Depot Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-05-17).
“On May 17, 2026, Bitcoin Depot Inc. (the “Company”), BCD Merger Sub LLC, BitAccess Inc., Bitcoin Depot Operating LLC, BT HoldCo LLC, BTM International Holdings 1 LLC, BTM International Holdings II LLC, Cash Ramp LLC, Digital Gold Ventures Inc., Express Vending Inc., Intuitive Software LLC, Kiosk HoldCo LLC, Kiosk Technicians, LLC, Kutt, Inc., Lux Vending Kiosk, LLC, MCA Services Group, LLC, and Mintz Assets Inc. (together with the Company, the “Debtors”) each filed voluntary petitions for relief (the “Chapter 11 Cases”) under chapter 11 (“Chapter 11”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to effect an orderly wind-down of the Company’s operations and facilitate a sale of its assets.”
Ivona Smith was appointed as Director at Bitcoin Depot Inc..
“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.”
Earnings Releases
Bitcoin Depot Inc. reported the three months ended March 31, 2026 results: revenue decreased by $80.7 million, or 49.2%, net income Net loss was $9.5 million.
“of operations for the fiscal quarter ended March 31, 2026 differed significantly from its results of operations for the fiscal quarter ended March 31, 2025. Revenue decreased by $80.7 million, or 49.2%, for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025, primarily due to a decrease in transaction volume driven by a”
Cybersecurity Incidents
Bitcoin Depot Inc. disclosed a cybersecurity incident: Unauthorized party gained access to certain information technology systems, obtained control of credentials associated with digital asset settlement accounts, and transferred approximately 50.903 Bitcoin from Company-controlled wallets without authorization. Impact: Incident has not had a material impact on operations; preliminary estimate of loss of approximately $3.665 million; full impact not yet determined. Company determined it material. Discovered 2026-03-23.
“On March 23, 2026, Bitcoin Depot Inc. (the “Company”) discovered that an unauthorized party gained access to certain of its information technology systems.”
Earnings Releases
Bitcoin Depot Inc. reported financial results for fourth quarter and full year ended December 31, 2025.
“On May 16, 2026, Bitcoin Depot Inc. (the “Company”) issued a press release announcing its financial and operational results for the quarter ended December 31, 2025.”
Equity Issuances
Bitcoin Depot Inc. issued every seven shares of issued and outstanding Common Stock of the applicable series were automatically combined into one issued and outstanding share of Common S of common stock to existing shareholders for no new consideration; reverse stock split affects all outstanding shares uniformly.
“On February 19, 2026, Bitcoin Depot Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State for the State of Delaware to effect a one-for-seven (1:7) reverse stock split of the shares of the Company’s Common Stock (as defined below), effective as of 12:01 a.m., Eastern time (the “Effective Time”), on February 23, 2026 (the “Reverse Stock Split”).”
Governance Changes
Bitcoin Depot Inc.: Amendment to certificate of incorporation to effect a one-for-seven reverse stock split (effective 2026-02-23).
“The Company has filed a Certificate of Amendment to the Company’s Second Amended and Restated Certificate of Incorporation (the “Charter Amendment”) with the Secretary of State for the State of Delaware to effect the Reverse Split at the Effective Time.”
Material Agreements
Bitcoin Depot Inc. amended Amendment No. 2 with Silverview Credit Partners, LP and the other lenders valued at $7,000,000 (effective 2025-12-19).
“On December 19, 2025, certain subsidiaries of Bitcoin Depot Inc., (the “Company”) entered into Amendment No. 2 (the “Amendment”) to the Second Amended and Restated Credit Agreement (the “Credit Agreement”) by and among Silverview Credit Partners, LP, a Delaware limited partnership (“Administrative Agent”), the other lenders signatory thereto, Kiosk HoldCo LLC, a Delaware limited liability company and subsidiary of the Company (“Borrower”), BT HoldCo LLC, a Delaware limited liability company and subsidiary of the Company (“Holdings”), and the subsidiary guarantors signatory thereto.”
Debt Financings
Bitcoin Depot Inc. amended credit facility of $7,000,000 with Silverview Credit Partners, LP.
“Pursuant to the Amendment, Borrower paid to the Administrative Agent, for the benefit of the Lenders, an amount equal to $7,000,000, which is to be applied to reduce (x) the aggregate principal amount of the Tranche A Term Loans in the amount of $3,500,000 and (y) the aggregate principal amount of the Tranche B Term Loans in the amount of $3,500,000”
Mark Smalley departed as Chief Compliance Officer at Bitcoin Depot Inc..
“On June 19, 2025, Mark Smalley, Chief Compliance Officer of Bitcoin Depot, Inc. (the “Company”), departed from the Company.”
Scott Buchanan changed role as Principal Financial Officer at Bitcoin Depot Inc..
“Mr. Scott Buchanan, who has been serving as Acting CFO and Principal Financial Officer since November 15, 2024, has stepped down as Acting CFO effective as of March 24, 2025, but will remain the Company’s Principal Financial Officer through March 31, 2025.”
David M. Gray was appointed as Chief Financial Officer at Bitcoin Depot Inc..
“the Board of Directors (the “Board”) has appointed David M. Gray as Chief Financial Officer of the Company, effective as of March 24, 2025.”
Scott Buchanan was appointed as Acting Chief Financial Officer and Principal Financial Officer at Bitcoin Depot Inc..
“the Board has appointed Scott Buchanan, the Company’s current Chief Operating Officer (“COO”) and a member of the Board, to the role of Acting CFO and Principal Financial Officer effective as of the date of Mr. Leibowitz’s resignation, while maintaining his role as the Company's COO.”
Glen Leibowitz resigned as Chief Financial Officer at Bitcoin Depot Inc..
“Glen Leibowitz has resigned from his role as Chief Financial Officer (“CFO”) of the Company, effective November 15, 2024, for personal reasons.”
Teri G. Fontenot was appointed as Director at Bitcoin Depot Inc..
“On June 27, 2024, the Board of Directors (the “Board”) of Bitcoin Depot Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ms. Teri G. Fontenot to the Board, effective July 1, 2024, to fill the vacancy on the Board caused by the resignation of Jackie Marks.”
Earnings Releases
Bitcoin Depot Inc. reported first quarter ended March 31, 2024 results: revenue Revenue in the first quarter of 2024 was $138.5 million, net income Net loss for the first quarter of 2024 was $4.2 million.
“Revenue in the first quarter of 2024 was $138.5 million, down 15% from $163.6 million in the first quarter of 2023. Gross Profit in the first quarter of 2024 was $14.4 million, down 26% from $19.5 million for the first quarter of 2023. Gross Profit margin in the first quarter of 2024 was 10.4% compared to 11.9% in the first quarter of 2023. Total operating expenses were $16.6 million for the first quarter of 2024, compared to $13.6 million for the first quarter of 2023. Net loss for the first quarter of 2024 was $4.2 million, compared to net income of $6.1 million for the first quarter of 2023. Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2024 was $4.9 million, compared to Adjusted EBITDA of $13.6 million for the first quarter of 2023.”
Debt Financings
Bitcoin Depot Inc. incurred term loan of $15,700,000 with the Lenders at 17.0% per annum maturing June 23, 2026.
“Amendment No. 1 to the Amended and Restated Credit Agreement On March 26, 2024, Bitcoin Depot Operating LLC, a Delaware limited liability company (“BT OpCo”) and BT HoldCo LLC, a Delaware limited liability company (“BT HoldCo”) entered into that certain Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated June 23, 2023 (the “Credit Agreement”) with the Lenders (as defined in the Credit Agreement). The Amendment, among other things, provides for an additional Tranche B Term Loan (the “Tranche B Term Loan”) to BT OpCo in an aggregate principal amount of $15,700,000. Pursuant to the Amendment, BT OpCo borrowed the Tranche B Term Loan on the same terms as the existing term loan under the Credit Agreement, with a Maturity Date of June 23, 2026 (the “Maturity Date”) and interest bearing at a rate of 17.0% per annum.”
Material Agreements
Bitcoin Depot Inc. amended Amendment No. 1 valued at $15,700,000 (effective 2024-03-26).
“On March 26, 2024, Bitcoin Depot Operating LLC, a Delaware limited liability company (“BT OpCo”) and BT HoldCo LLC, a Delaware limited liability company (“BT HoldCo”) entered into that certain Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated June 23, 2023 (the “Credit Agreement”) with the Lenders (as defined in the Credit Agreement).”
Earnings Releases
Bitcoin Depot Inc. reported the year ended December 31, 2023 results: revenue $689.0 million, net income $1.6 million.
“by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Bitcoin Depot Reports Fourth Quarter and Full Year 2023 Financial Results FY 2023 Record Revenue of $689 Million, Up 7% Year-over-Year FY 2023 Net Income of $1.6 Million, Down 54% Year-over-Year FY 2023 Record Adjusted EBITDA (non-GAAP) of $56 Million, Up 37% Year-over-Year Strengthens”
Jackie Marks resigned as Director at Bitcoin Depot Inc..
“On February 5, 2024, Jackie Marks informed the Board of Directors (the “Board”) of Bitcoin Depot Inc. (the “Company”) of her intention to step down from the Board of the Company, effective on July 1, 2024.”
Earnings Releases
Bitcoin Depot Inc. reported the third quarter ended September 30, 2023 results: revenue $179.5 million, net income $1.1 million. Guidance reaffirmed.
“expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Bitcoin Depot Reports Third Quarter 2023 Financial Results Revenue of $179.5 Million, Up 3% Year-over-Year Net Income of $1.1 Million, Down 68% Year-over-Year Adjusted EBITDA (non-GAAP) of $13.9 Million, Up 21% Year-over-Year Reiterates Full Year 2023 Guidance”
Material Agreements
Bitcoin Depot Inc. amended Amendment No. 1 with Subscribers (as defined in the Amendment) valued at $28,449 (effective 2023-10-02).
“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).”
Earnings Releases
Bitcoin Depot Inc. reported the second quarter ended June 30, 2023 results: revenue $197.5 million, net income $6.1 million. Guidance reaffirmed.
“set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Bitcoin Depot Reports Second Quarter 2023 Financial Results Record Revenue of $197.5 Million, Up 18% Year-over-Year Net loss of $6.1 million, Down 249% Year-over-Year Adjusted EBITDA (non-GAAP) of $19.8 Million, Up 54% Year-over-Year Reiterates Full Year 2023 Guidance”
Earnings Releases
Bitcoin Depot Inc. reported full year 2023 results: revenue $700 million and $730 million. Guidance initiated.
“For full year 2023, based on current market conditions, Bitcoin Depot expects consolidated revenue to range between $700 million and $730 million, an 8% to 13% improvement compared to $647 million for full year 2022.”
Earnings Releases
Bitcoin Depot Inc. reported the second quarter ended June 30, 2023 results: revenue $196 million and $198 million.
“Bitcoin Depot expects consolidated revenue for the quarter ended June 30, 2023 to range between $196 million and $198 million, a 17% to 18% improvement compared to $168 million in the second quarter of 2022.”
Governance Changes
Bitcoin Depot Inc.: As a result of the Business Combination, the Company ceased to be a shell company (effective 2023-06-30).
“As a result of the Business Combination, the Company ceased to be a shell company.”
Governance Changes
Bitcoin Depot Inc.: The Board approved and adopted a new Code of Business Conduct and Ethics applicable to all employees, officers and directors (effective 2023-06-30).
“In connection with the Business Combination, on June 30, 2023, the Board approved and adopted a new Code of Business Conduct and Ethics (the “ Code of Conduct ”) applicable to all employees, officers and directors of the Company.”
Governance Changes
Bitcoin Depot Inc.: The Company adopted amended and restated bylaws in connection with the business combination (effective 2023-06-30).
“In connection with the Closing, the Company filed its Second A&R Charter with the Secretary of State of the State of Delaware and adopted its amended and restated bylaws (the “ Bylaws ”).”
Governance Changes
Bitcoin Depot Inc.: The Company filed its Second Amended and Restated Certificate of Incorporation to change its name to 'Bitcoin Depot Inc.' and effect other amendments (effective 2023-06-30).
“In connection with the Closing, the Company filed its Second A&R Charter with the Secretary of State of the State of Delaware and adopted its amended and restated bylaws (the “ Bylaws ”). Pursuant to the filing of the Second A&R Charter, the Company changed its name to “Bitcoin Depot Inc.””
M&A Transactions
Bitcoin Depot Inc. completed an acquisition involving BT Assets, Inc. (closed 2023-06-30).
“The Business Combination was consummated on June 30, 2023.”
Material Agreements
Bitcoin Depot Inc. entered into PIPE Agreement (effective 2023-06-30).
“On June 30, 2023, the Company consummated the transactions contemplated by the PIPE Agreement. Pursuant to the PIPE Agreement, the Company issued 4,300,000 shares of Series A Preferred Stock in a private placement.”
Anantha Ramamurti resigned as President at Bitcoin Depot Inc..
“Anantha Ramamurti resigned from his positions as President and Director”
Joseph Tonnos resigned as Chief Financial Officer at Bitcoin Depot Inc..
“Joseph Tonnos resigned from his position as GSR’s Chief Financial Officer and Director”
Lewis Silberman resigned as Co-Chief Executive Officer at Bitcoin Depot Inc..
“Lewis Silberman resigned from his positions as GSR’s Co-Chief Executive Officer and Director”
Gus Garcia resigned as Co-Chief Executive Officer at Bitcoin Depot Inc..
“Gus Garcia resigned from his positions as GSR’s Co-Chief Executive Officer and Director”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved Advisory Governance Proposal B to eliminate provisions specific to PubCo’s status as a blank check company at the 2023-06-28 meeting.
“The results of the stockholder vote with respect to the Advisory Governance Proposal B were as follows: For Against Abstain 14,146,061 38,597 0”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved Advisory Governance Proposal A to change the authorized capital stock at the 2023-06-28 meeting.
“The results of the stockholder vote with respect to the Advisory Governance Proposal A were as follows: For Against Abstain 14,145,061 39,597 0”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved Charter Proposal to adopt the proposed second amended and restated certificate of incorporation at the 2023-06-28 meeting.
“The results of the stockholder vote with respect to the Charter Proposal were as follows: For Against Abstain 14,145,061 39,597 0”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved Business Combination Proposal to approve the Transaction Agreement and business combination at the 2023-06-28 meeting.
“The results of the stockholder vote with respect to the Business Combination Proposal were as follows: For Against Abstain 14,145,061 39,597 0”
Material Agreements
Bitcoin Depot Inc. amended Amended and Restated Credit Agreement with Silverview Credit Partners, LP valued at $20,750,000 term loan at 17.0% per annum, maturing June 23, 2026 (effective 2023-06-23).
“On June 23, 2023, Lux Vending, LLC, a Georgia limited liability company (“BT OpCo”), entered into that certain Amended and Restated Credit Agreement (“Amended and Restated Credit Agreement”) among BT OpCo, as borrower, BT Assets, Inc., a Delaware corporation (“BT Assets”), as guarantor, the subsidiary guarantors party thereto, the financial institutions and institutional investors from time to time party thereto, as lenders, and Silverview Credit Partners, LP, as administrative agent”
Material Agreements
Bitcoin Depot Inc. entered into PIPE Agreement with Lux Vending, LLC dba Bitcoin Depot ("BT OpCo"), and the subscribers set forth therein valued at gross proceeds of up to approximately $50 million (effective 2023-06-23).
“On June 23, 2023, GSR II Meteora Acquisition Corp. (the “Company”) entered into a PIPE Agreement, dated as of June 23, 2023 (the “PIPE Agreement”), by and among the Company, Lux Vending, LLC dba Bitcoin Depot (“BT OpCo”), and the subscribers set forth therein”
Material Agreements
Bitcoin Depot Inc. amended First Amendment with GSR II Meteora Acquisition Corp., GSR II Meteora Sponsor LLC, BT Assets, Inc. (effective 2023-06-07).
“On June 7, 2023, the Company, the Sponsor and BT Assets entered into a First Amendment (the “First Amendment”) to that certain Sponsor Support Agreement, dated August 24, 2022”
Material Agreements
Bitcoin Depot Inc. amended Fourth Amendment with GSR II Meteora Acquisition Corp., GSR II Meteora Sponsor LLC, Lux Vending, LLC dba Bitcoin Depot, BT Assets, Inc., BT HoldCo LLC (effective 2023-06-07).
“On June 7, 2023, GSR II Meteora Acquisition Corp. (the “Company”), GSR II Meteora Sponsor LLC (the “Sponsor”), Lux Vending, LLC dba Bitcoin Depot (“BT OpCo”), BT Assets, Inc. (“BT Assets”) BT HoldCo LLC, a Delaware limited liability company and wholly owned subsidiary of BT Assets (“BT HoldCo” and collectively with BT OpCo and BT Assets, the “BT Entities”), entered into a Fourth Amendment (the “Fourth Amendment”) to that certain Transaction Agreement, dated August 24, 2022”
Governance Changes
Bitcoin Depot Inc.: Amended A&R Charter to extend deadline for initial business combination from June 1, 2023 to July 1, 2023 and allow monthly extensions up to March 1, 2024 (effective 2023-05-25).
“On May 25, 2023, the Company filed an amendment (the “Extension Amendment”) to the A&R Charter with the Secretary of State of the State of Delaware. The Extension Amendment extends the date by which the Company must consummate its initial business combination from June 1, 2023 to July 1, 2023, and allows the Company, without another stockholder vote, to further extend the date to consummate an initial business combination on a monthly basis up to eight times by an additional one month each time after July 1, 2023, or later extended deadline date, by resolution of the Company’s board of directors, if requested by GSR II Meteora Sponsor LLC, a Delaware limited liability company (the “Sponsor”), upon five days’ advance notice prior to the applicable deadline date, until March 1, 2024 (such date as extended, the “Extended Date”), unless the closing of the initial business combination shall have occurred prior thereto (the “Extension”).”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved To approve and amend the Trust Amendment to change the initial date on which Continental must commence liquidation of the Trust Account to the Extended Date or such later date as may be approved by our stockholders in accordance with the A&R Charter if a letter of termination under the Trust Agreeme at the 2023-05-25 meeting.
“The Trust Amendment Proposal - To approve and amend the Trust Amendment to change the initial date on which Continental must commence liquidation of the Trust Account to the Extended Date or such later date as may be approved by our stockholders in accordance with the A&R Charter if a letter of termination under the Trust Agreement is not received by Continental prior to such date. For Against Abstain 33,729,345 1,606,327 43”
Shareholder Votes
Bitcoin Depot Inc. shareholders approved To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from June 1, 2023 to July 1, 2023 (Initial Extension), and to allow the Company, without another stockholder vote, to further extend the date to consummate an initial business combinat at the 2023-05-25 meeting.
“The Extension Amendment Proposal - To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from combination from June 1, 2023 to July 1, 2023 (the “Initial Extension”), and to allow the Company, without another stockholder vote, to further extend the date to consummate an initial business combination on a monthly basis up to eight times by an additional one month each time after July 1, 2023 (each one month extension, a “Monthly Extension”), or later extended deadline date, by resolution of the Company’s board of directors, if requested by the Sponsor, upon five days’ advance notice prior to the applicable deadline date, until the Extended Date, unless the closing of the initial business combination shall have occurred prior thereto. For Against Abstain 33,729,365 1,606,307 43”
Material Agreements
Bitcoin Depot Inc. entered into Voting and Non-Redemption Agreements with Extension Non-Redeeming Stockholders valued at Issuance of up to 135,660 shares of Class A Common Stock in connection with extension proposals (effective 2023-05-30).
“In connection with the Special Meeting (as defined below), the Company entered into voting and non-redemption agreements (each a “Voting and Non-Redemption Agreement” and collectively, the “Voting and Non-Redemption Agreements”) with certain third parties (each a “Extension Non-Redeeming Stockholder” and collectively, the “Extension Non-Redeeming Stockholders”) for 6,783,000 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”) in connection with the Extension Proposal (as defined below).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.