GSR II Meteora Acquisition in a proxy filing outlined its proposed merger with Lux Vending (dba Bitcoin Depot®).
Net proceeds will consist of up to $321 million of cash held in the SPAC’s trust account and will be used to support Bitcoin Depot’s working capital, complete acquisitions, and scale its platform and suite of products.
The target is a fintech and Bitcoin ATM operator. The deal has a post-transaction enterprise value of $755 million. Read more.
