Bitcoin Depot Faces Nasdaq Suspension as Crypto ATM Sector Struggles
Bitcoin Depot said Nasdaq plans to suspend trading in its shares and warrants next week, after the Bitcoin ATM operator’s Chapter 11 filing and decision to wind down. Nasdaq notified the Sandy Springs, Georgia-based Bitcoin Depot on May 18 that its shares would be suspended from trading at the open on May 26, the company said in a securities filing. Nasdaq pointed to the company missing its first-quarter filing deadline. Bitcoin Depot does not plan to appeal, according to the filing.