Bitcoin Depot Changes Auditors to BDO USA, LLP
Ticker: BTMWW · Form: 8-K · Filed: Aug 27, 2024 · CIK: 1901799
| Field | Detail |
|---|---|
| Company | Bitcoin Depot INC. (BTMWW) |
| Form Type | 8-K |
| Filed Date | Aug 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-reporting
TL;DR
Bitcoin Depot swapped auditors from WithumSmith+Brown to BDO USA, effective 8/23.
AI Summary
Bitcoin Depot Inc. announced on August 23, 2024, that it has dismissed its certifying accountant, WithumSmith+Brown, PC. The company has engaged BDO USA, LLP as its new independent registered public accounting firm, effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor.
Risk Assessment
Risk Level: medium — A change in auditor, especially without prior indication, can sometimes precede or coincide with other significant events or findings.
Key Players & Entities
- Bitcoin Depot Inc. (company) — Registrant
- WithumSmith+Brown, PC (company) — Former Certifying Accountant
- BDO USA, LLP (company) — New Certifying Accountant
- August 23, 2024 (date) — Effective date of auditor change
FAQ
When was the decision to change auditors made?
The filing states the change was effective August 23, 2024, but does not specify the exact date the decision was made.
Did the company have any disagreements with WithumSmith+Brown, PC?
The filing explicitly states there were no disagreements or reportable events between Bitcoin Depot Inc. and WithumSmith+Brown, PC.
What is the effective date of the appointment of BDO USA, LLP?
BDO USA, LLP was engaged as the new independent registered public accounting firm effective August 23, 2024.
Has Bitcoin Depot Inc. previously engaged BDO USA, LLP for any services?
The filing does not mention any prior engagement of BDO USA, LLP by Bitcoin Depot Inc.
Will WithumSmith+Brown, PC provide any transition services?
The filing does not specify whether WithumSmith+Brown, PC will provide any transition services.
Filing Stats: 959 words · 4 min read · ~3 pages · Grade level 14.6 · Accepted 2024-08-27 17:03:53
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share BTM The Nasdaq Stock Mark
- $11.50 — A Common Stock at an exercise price of $11.50 per share BTMWW The Nasdaq Stock Ma
Filing Documents
- btm-20240826.htm (8-K) — 58KB
- btm-ex16_1.htm (EX-16.1) — 4KB
- 0000950170-24-101090.txt ( ) — 219KB
- btm-20240826.xsd (EX-101.SCH) — 54KB
- btm-20240826_htm.xml (XML) — 6KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. The following exhibits are furnished as part of this report: Exhibit Number Description 16.1 Letter from KPMG LLP to the U.S. Securities and Exchange Commission, dated August 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bitcoin Depot Inc. Dated: August 27, 2024 By: /s/ Brandon Mintz Name: Brandon Mintz Title: President and Chief Executive Officer