GSR II Meteora Acquisition Corp. (GSRM), a special purpose acquisition company, and Bitcoin Depot, a leading fintech company and Bitcoin ATM operator, have announced that GSRM has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for its Special Meeting of Stockholders.
The Special Meeting will discuss and vote on the proposed business combination between GSRM and Bitcoin Depot. The Business Combination is expected to close on or about June 30, 2023, and after the completion of the merger, the combined company will be called Bitcoin Depot Inc. and trade on Nasdaq under the ticker symbol “BTM.”
Bitcoin Depot, founded in 2016, aims to connect cash users to the digital financial system by providing a simple and efficient way to convert cash into cryptocurrency. Through Bitcoin Depot’s kiosks and its BDCheckout product available at thousands of retail locations, users can easily convert cash to cryptocurrencies. The company currently has the largest market share in North America with approximately 6,440 kiosk locations.
GSR II Meteora Acquisition Corporation (GSRM) is a blank check company formed to facilitate business combinations. The management team of GSRM is led by Co-CEOs Gus Garcia and Lewis Silberman, President Anantha Ramamurti, and CFO Joseph Tonnos. GSRM was established in partnership with Meteora Capital, an investment adviser specializing in SPAC-related investments.
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Investors are advised to read the entire Proxy Statement and related materials before making any voting or investment decisions.
Please find additional information about the Business Combination and the Proxy Statement on the SEC’s website or by contacting GSRM.