Core Insights - Danone SA has purchased approximately 5.8 million of its own shares from its Spanish subsidiary, Danone Spain, as part of a corporate structure simplification, with no impact on the total shares held by the Group [1] - The shares were acquired at a price of €77.46, the closing stock price on December 17, 2025, and will be allocated to employee shareholding plans [2] Company Overview - Danone is a leading global food and beverage company focused on health-oriented categories, including Essential Dairy & Plant-Based products, Waters, and Specialized Nutrition [3] - The company generated €27.4 billion in sales in 2024 and operates in over 120 markets with a workforce of more than 90,000 employees [3] - Danone's portfolio includes well-known international brands such as Actimel, Activia, and evian, as well as strong local brands [3] - The company is listed on Euronext Paris and is part of various sustainability indexes, having achieved B Corp certification globally in 2025 [3]

Core Viewpoint - Bitcoin Depot Inc. has simplified its organizational and capital structure by eliminating its Up-C Restructuring, which is expected to reduce compliance complexity and lower cash tax burdens. Group 1: Corporate Structure Changes - The Up-C Restructuring involved the merger of BT Assets, Inc. with a subsidiary of Bitcoin Depot, resulting in the issuance of 41,193,024 shares of Class M common stock to the founder and CEO, Brandon Mintz [2] - Following the restructuring, all Class V Common Stock held by BT Assets has been cancelled, and Mintz now holds a total of 41,193,024 shares of Class M Common Stock and 142,973 shares of Class A Common Stock [3] Group 2: Benefits of Simplification - Post-transaction, Bitcoin Depot wholly owns its principal operating subsidiaries, which is expected to enhance stock liquidity, facilitate acquisitions, and provide a clearer corporate profile [4] - The restructuring extinguishes a $2.2 million Tax Receivable Agreement liability and is projected to reduce the company's cash tax rate by approximately 12 percentage points, along with lowering professional services costs related to tax, accounting, and legal matters [5] Group 3: Company Overview - Bitcoin Depot, founded in 2016, operates Bitcoin ATMs and provides services to convert cash into Bitcoin, with over 8,400 kiosk locations across North America as of February 25, 2025 [6]