Bitcoin Depot Inc. 8-K

What Happened Bitcoin Depot Inc. (BTM) and multiple affiliates filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas on May 17, 2026. In an 8-K filed May 19, 2026 (Item 3.01), the company said Nasdaq’s Listing Qualifications staff notified it on May 18, 2026 that trading of its Class A common stock and warrants will be suspended at the opening of business on May 26, 2026 and that a Form 25‑NSE will be filed to remove those securities from Nasdaq (effective 10 days after filing). Nasdaq also cited Bitcoin Depot’s failure to timely file its Form 10‑Q for the period ended March 31, 2026. The company does not intend to appeal Nasdaq’s determination.

Key Details

• Chapter 11 petitions filed by Bitcoin Depot and multiple affiliates on May 17, 2026.
• Nasdaq notified the company on May 18, 2026; trading to be suspended May 26, 2026.
• Nasdaq will file Form 25‑NSE to delist Class A common stock and warrants; delisting becomes effective 10 days after filing.
• Nasdaq’s action also referenced the company’s failure to timely file its March 31, 2026 Form 10‑Q; the company will not appeal.
• Company warned trading is “highly speculative” and holders may suffer significant or complete loss.

Why It Matters This filing and Nasdaq’s suspension/delisting notice materially affect shareholders and warrant holders: public trading will be suspended, liquidity and price discovery may disappear, and the securities will be removed from Nasdaq registration. Investors should understand that under Chapter 11 outcomes for equity and warrant holders are uncertain and could result in substantial or total loss, as the company warned in the 8‑K.