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Bitcoin depot to go ahead with SPAC merger after reporting strong revenue

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Bitcoin [BTC] depot to go ahead with SPAC merger after reporting strong revenue

operator Bitcoin Depot has reiterated its plans to merge with GSR II Meteora Acquisition Corp, the $321 million special purpose acquisition company formed for facilitating mergers.with the U.S. Securities and Exchange Commission made on 1 December, the SPAC’s board of directors has unanimously approved the transaction agreement, i.e the merger with Bitcoin Depot.

Once it goes public, it will be listed on the Nasdaq exchange under the ticker BTM. The deal is expected to conclude in the first quarter of 2023.from Bitcoin Depot and GSR II Meteora Acquisition Corp, the filing with the SEC also included additional disclosures relating to the entities along with the crypto ATM operator’s financial report for the third quarter that ended 30 September 2022.

 

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