Core Viewpoint - Bitcoin Depot Inc. will implement a one-for-seven (1:7) reverse stock split effective February 23, 2026, at 12:01 a.m. Eastern time, with trading on a split-adjusted basis commencing the same day [1]. Group 1: Reverse Stock Split Details - The reverse stock split was authorized by stockholders holding a majority of voting power on January 12, 2026, and subsequently approved by the Board on February 12, 2026 [2]. - The reverse stock split will not change the authorized number of shares of Common Stock or preferred stock, and no fractional shares will be issued; instead, stockholders will receive cash payments for fractional shares [4]. - Following the reverse split, the exercise price for warrants will increase to $80.50, with every seven shares of Class A Common Stock purchasable under the warrants representing one share post-split [5]. Group 2: Impact on Stockholders - Stockholders will receive information from Continental Stock Transfer & Trust regarding their stock ownership after the reverse split, and those holding shares in brokerage accounts will not need to take any action [7]. - Outstanding equity-based awards and other securities convertible into Common Stock will be proportionately adjusted according to the terms specified by the Board [6]. Group 3: Company Overview - Bitcoin Depot, founded in 2016, aims to connect cash users to the digital financial system, allowing cash conversion to Bitcoin at over 9,000 kiosks globally as of August 2025 [10].
Bitcoin Depot Announces Reverse Stock Split