GSR II Meteora Acquisition in an 8-K said shareholders voted in favor of combining with Bitcoin Depot, a fintech and Bitcoin ATM operator. The deal at announcement in August had a post-transaction enterprise value of $755 million.
The SPAC said additional redemptions removed nearly $39 million from the trust. While that left about $35 million in trust, GSR II on June 23 added $50 million to the deal with a PIPE and non-redemption agreements.
GSR II earlier this month also reduced the minimum cash condition to $8 million. Read more.
