The US fintech firm and
Bitcoin ATM operator, Bitcoin Depot has introduced its intention to checklist on the Nasdaq change. As well as, the
firm has agreed to merge with Nasdaq-listed SPAC firm, GSR II Meteora
Acquisition Corp. (NASDAQ:GSRM). The mixed entity will likely be valued at $885M.
Enterprise Worth
As a part of the deal, Bitcoin ATM will get entry to $321M of money
mendacity in GSRM’s belief account, which can be utilized for working capital. The transaction
will likely be closed by Q1 2023. The brand new firm will begin buying and selling on the NASDAQ
change with the title Bitcoin Depot Inc.
“We’re all the time seeking to develop
our attain in order many individuals as potential can entry cryptocurrency to manage
their very own cash and conduct simpler and easier monetary transactions. Since
inception, we’ve expanded our BTM footprint throughout North America, signed
strategic relationships with main retailers, and enhanced our companies to
present handy entry to cryptocurrency as we intention to change into a digital asset
financial system on-ramp vacation spot for customers to effectively flip money into crypto.
We’re enthusiastic about quite a few development alternatives and consider a public itemizing
enhances our capacity to scale and evolve to attain our aim of offering a
handy and safe strategy to buy cryptocurrency.” Bitcoin Depot CEO and
Founder Brandon Mintz.
Gus Garcia, Co-CEO and Director
of GSRM, commented, “We’re extremely excited to accomplice with Bitcoin Depot to
assist drive its progress and assist its mission to attach those that favor to
use money to the broader, digital monetary system. With its vital BTM
footprint, key strategic relationships, and feature-rich cell app, we consider
Bitcoin Depot is properly positioned to benefit from the extremely fragmented BTM
market each domestically and abroad.”
Extra about Bitcoin Depot and
GSR II Meteora Acquisition Company
Bitcoin Depot is a North America-based bitcoin ATM operator which permits customers to transform money into
cryptocurrencies like Bitcoin, Ethereum and Litecoin. The corporate operates
greater than 7,000 ATMs throughout U.S. and Canada.
GSR II Meteora Acquisition
Company is a particular function acquisition firm (SPAC) that raises cash
by way of IPO and facilitates itemizing on the change. The proceeds are invested in
buying a goal firm or merging with an current one. The Florida-based
firm was listed on Nasdaq in February ’22 and had raised $316.25M throughout the IPO.
The US fintech firm and
Bitcoin ATM operator, Bitcoin Depot has introduced its intention to checklist on the Nasdaq change. As well as, the
firm has agreed to merge with Nasdaq-listed SPAC firm, GSR II Meteora
Acquisition Corp. (NASDAQ:GSRM). The mixed entity will likely be valued at $885M.
Enterprise Worth
As a part of the deal, Bitcoin ATM will get entry to $321M of money
mendacity in GSRM’s belief account, which can be utilized for working capital. The transaction
will likely be closed by Q1 2023. The brand new firm will begin buying and selling on the NASDAQ
change with the title Bitcoin Depot Inc.
“We’re all the time seeking to develop
our attain in order many individuals as potential can entry cryptocurrency to manage
their very own cash and conduct simpler and easier monetary transactions. Since
inception, we’ve expanded our BTM footprint throughout North America, signed
strategic relationships with main retailers, and enhanced our companies to
present handy entry to cryptocurrency as we intention to change into a digital asset
financial system on-ramp vacation spot for customers to effectively flip money into crypto.
We’re enthusiastic about quite a few development alternatives and consider a public itemizing
enhances our capacity to scale and evolve to attain our aim of offering a
handy and safe strategy to buy cryptocurrency.” Bitcoin Depot CEO and
Founder Brandon Mintz.
Gus Garcia, Co-CEO and Director
of GSRM, commented, “We’re extremely excited to accomplice with Bitcoin Depot to
assist drive its progress and assist its mission to attach those that favor to
use money to the broader, digital monetary system. With its vital BTM
footprint, key strategic relationships, and feature-rich cell app, we consider
Bitcoin Depot is properly positioned to benefit from the extremely fragmented BTM
market each domestically and abroad.”
Extra about Bitcoin Depot and
GSR II Meteora Acquisition Company
Bitcoin Depot is a North America-based bitcoin ATM operator which permits customers to transform money into
cryptocurrencies like Bitcoin, Ethereum and Litecoin. The corporate operates
greater than 7,000 ATMs throughout U.S. and Canada.
GSR II Meteora Acquisition
Company is a particular function acquisition firm (SPAC) that raises cash
by way of IPO and facilitates itemizing on the change. The proceeds are invested in
buying a goal firm or merging with an current one. The Florida-based
firm was listed on Nasdaq in February ’22 and had raised $316.25M throughout the IPO.
