Management Change/Compensation Form 8 K

Chief Financial Officer Transition

On November 18, 2024, Bitcoin Depot, Inc. (the "Company") announced that Glen Leibowitz has resigned from his role as Chief Financial Officer ("CFO") of the Company, effective November 15, 2024, for personal reasons. There were no disagreements between Mr. Leibowitz and the Company. Mr. Leibowitz's decision to depart was not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices.

The Company also announced that its Board of Directors (the "Board") has appointed Scott Buchanan, the Company's current Chief Operating Officer ("COO") and a member of the Board, to the role of Acting CFO and Principal Financial Officer effective as of the date of Mr. Leibowitz's resignation, while maintaining his role as the Company's COO. The Company has launched a search for a permanent CFO.

Mr. Buchanan, age 33, has served as a director and COO of the Company since March 2022, and also served as the Company's CFO from August 2020 to January 2023. From June 2019 to August 2020, Mr. Buchanan served as the Company's Vice President of Finance/Human Resources. Before his tenure at the Company, Mr. Buchanan worked at Acuity Brands (NYSE: AYI) in different finance-related roles beginning in December 2015.

There are no arrangements or understandings between Mr. Buchanan and any other person pursuant to which he was appointed to serve as Acting CFO. Mr. Buchanan does not have any family relationships with any of the Company's directors or executive officers and is not a party to any transactions that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

It has determined that, as long as Mr. Buchanan is serving as Acting CFO, in addition to his ongoing service as COO and member of the Board, Mr. Buchanan's annual base salary will be increased to $558,000.