Bitcoin Depot Inc. - 8-K Filing
Bitcoin Depot Inc. filed for Chapter 11 bankruptcy on May 17, 2026, seeking an orderly wind-down of operations and asset sale through the Southern District of Texas Bankruptcy Court. The filing triggered defaults under its Term Loan Credit Agreement with Silverview Credit Partners, LP. On May 13, 2026, Ivona Smith was appointed as a new independent director and member of the Restructuring Committee at an agreed compensation rate of $30,000 per month. (Items: 1.03 Bankruptcy or Receivership, 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 7.01 Regulation FD Disclosure)
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