GSRM Stock Price, News & Analysis

GSR II Meteora Acquisition Corporation (NASDAQ: GSRM) is a special purpose acquisition company (SPAC) established to facilitate mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more entities. With a leadership team comprising co-CEOs Gus Garcia and Lewis Silberman, President Anantha Ramamurti, and CFO Joseph Tonnos, GSRM is dedicated to identifying and merging with promising private companies to bring them to the public market. The company's strategic partnership with Meteora Capital, an investment adviser specializing in SPAC-related investments, amplifies its capabilities in executing successful business combinations.

Recently, on August 24, 2022, GSRM entered a definitive agreement with Bitcoin Depot, a leading provider of cryptocurrency kiosks in North America. This business combination is expected to culminate in Bitcoin Depot becoming a publicly listed company under the new ticker symbol “BTM” on Nasdaq. Founded in 2016, Bitcoin Depot aims to connect cash users to the digital financial system, offering services such as converting cash to cryptocurrency via kiosks and the BDCheckout product available at thousands of retail locations. Bitcoin Depot boasts around 6,440 kiosk locations, holding the largest market share in North America in its category. The merger aims to leverage Bitcoin Depot’s established market position and expand its service offerings to a broader audience.

GSRM has scheduled a special meeting of stockholders to approve this proposed business combination on June 28, 2023, at 10:00 a.m. Eastern Daylight Time. This meeting will be held virtually, and GSRM encourages all stockholders to attend and participate. Stockholders of record as of June 1, 2023, have been mailed the Proxy Statement, which includes important information about the proposed merger. The transaction is anticipated to close around June 30, 2023, subject to stockholder approval and other customary closing conditions.

Stockholders and investors are advised to read the Proxy Statement and other relevant documents filed with the SEC carefully. These documents contain critical details about the business combination and stockholder proposals. For further information, visit www.gsrmet.com or www.bitcoindepot.com.