The delisting is final and the stock is already suspended. Traders should expect the shares to trade OTC or become worthless as the bankruptcy process unfolds. No recovery is likely for common equity holders.
Price Chart
Executive Summary
Nasdaq has filed a Form 25-NSE to remove Bitcoin Depot Inc. (BTMCQ) from listing, effective July 23, 2026, following the company's Chapter 11 bankruptcy filing and failure to meet listing standards. The company did not appeal the delisting determination, and its securities have been suspended since May 26, 2026. This confirms the final loss of Nasdaq listing, compounding the bankruptcy's impact on equity holders.
Key Facts
- Nasdaq determined Bitcoin Depot no longer qualified for listing under Rules 5101, 5110(b), and IM-5101-1.
- Delisting effective at the opening of trading on July 23, 2026.
- Company was notified of the determination on May 18, 2026, and did not appeal.
- Securities were suspended from trading on May 26, 2026.
- Bitcoin Depot filed for Chapter 11 bankruptcy on May 17, 2026 (per cross-filing context).
Financial Impact
Complete loss of Nasdaq listing; equity holders face near-total loss given concurrent Chapter 11 bankruptcy. No financial figures provided in filing.
Risk Factors
- Complete loss of equity value in bankruptcy proceedings.
- Potential for further regulatory actions or creditor claims.
- Extreme illiquidity and price uncertainty on OTC markets.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000674 |
| Document: 0001354457-26-000674-index.html | 0001354457-26-000674 |
| Document: 0001354457-26-000674.txt | 0001354457-26-000674 |
US Market Status
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