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New Deal


Announced

Bitcoin Depot to go public via a SPAC merger with GSR II Meteora Acquisition in a $755m deal.

Financials

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Transaction Value£750m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.2x
EV/EBITDA19.87x
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

cryptocurrency exchange platform

Reverse Takeover

fintech company

Single Bidder

Friendly

Merger

De-SPAC

Domestic

FinTech

Acquisition

Private

Pending

Synopsis

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Bitcoin Depot, a bitcoin ATM operator and fintech company, agreed to go public via a SPAC merger with GSR II Meteora Acquisition in a $755m deal. "We are incredibly excited to partner with Bitcoin Depot to help drive its progress and support its mission to connect those who prefer to use cash to the broader, digital financial system. With its significant BTM footprint, key strategic relationships, and feature-rich mobile app, we believe Bitcoin Depot is well positioned to take advantage of the highly fragmented BTM market both domestically and overseas," Gus Garcia, GSRM Co-CEO and Director.

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