Brief: GSR II Says Bitcoin Depot To Become A Publicly-Traded Company Via Business Combination

Bitcoin Depot

25/08/2022 12:41

Aug 25 (Reuters) - GSR II Meteora Acquisition Corp  GSRM.O :
    * BITCOIN DEPOT, A LEADING BITCOIN ATM OPERATOR, TO BECOME A
PUBLICLY-TRADED COMPANY VIA BUSINESS COMBINATION WITH GSR II
METEORA ACQUISITION CORP.
    * BITCOIN DEPOT, A LEADING BITCOIN ATM OPERATOR, TO BECOME A
PUBLICLY-TRADED COMPANY VIA BUSINESS COMBINATION WITH GSR II
METEORA ACQUISITION CORP.
    * GSR II METEORA ACQUISITION CORP - ESTIMATED
POST-TRANSACTION
EQUITY VALUE OF $885 MILLION WITH APPROXIMATELY $170 MILLION IN
CASH TO FUND GROWTH
    * GSR II METEORA ACQUISITION CORP - COMBINED COMPANY WILL BE
NAMED
BITCOIN DEPOT INC. AND TRADE ON NASDAQ UNDER NEW TICKER SYMBOL
"BTM."
    * GSR II METEORA ACQUISITION CORP - COMBINED COMPANY WILL
HAVE AN
ESTIMATED POST-TRANSACTION ENTERPRISE VALUE OF $755 MILLION
    * GSR II METEORA ACQUISITION CORP - NET PROCEEDS RAISED FROM
TRANSACTION WILL CONSIST OF UP TO $321 MILLION OF CASH HELD IN
GSRM'S TRUST ACCOUNT
    * GSR II METEORA ACQUISITION CORP -  BUSINESS COMBINATION
EXPECTED
TO CLOSE BY Q1 OF 2023

Source text for Eikon:  ID:nGNX5S1vr1 
Further company coverage:  GSRM.O 

 ((Reuters.Briefs@thomsonreuters.com;))