Bitcoin Depot stockholders approve reverse stock split plan

Bitcoin Depot Inc. (NASDAQ: BTM) stockholders holding 91.4% of voting power approved a reverse stock split through written consent on January 12, 2026, according to a company filing.

The majority stockholder, representing 37,892,610 shares of voting stock, authorized the company's board of directors to implement a reverse stock split at a ratio between 1-for-5 and 1-for-20. The board will determine the exact ratio within this range.

The approval encompassed 46,508 shares of Class A Common Stock and 37,846,102 shares of Class M Common Stock, with Class M shares carrying ten votes per share. The action was taken without a stockholder meeting under Delaware General Corporation Law.

Bitcoin Depot's board received authorization to file the certificate of amendment with Delaware's Secretary of State at any time before June 30, 2026. The board also retains the right to abandon the reverse stock split if it determines the action is no longer in the company's or stockholders' interests.

The company must file a Schedule 14C information statement with the Securities and Exchange Commission and distribute it to stockholders as required under federal securities regulations.

Bitcoin Depot operates a network of cryptocurrency ATMs and kiosks. The reverse stock split would reduce the number of outstanding shares while proportionally increasing the share price for existing stockholders.

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