GSR II Meteora Acquisition said a shareholder vote on combining with Bitcoin Depot® is on hold until the SEC completes its review.
No timetable was given.
As announced in August, net proceeds are expected to consist of up to $321 million of cash held in the SPAC’s trust 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 at announcement had a post-transaction enterprise value of $755 million. Read more.
