Crypto ATM firm Bitcoin Depot aims to go public in 2023 via $885M SPAC deal

📆 8/25/2022 6:15 PM
📰 Cointelegraph

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Founded in 2016, Bitcoin Depot is one of the largest crypto ATM providers in North America, operating over 7,000 kiosk locations. According to CEO Brandon Mintz, the company has continued growing despite the ongoing cryptocurrency bear market.

Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company .

The merger has been unanimously approved by the leadership team of Bitcoin Depot and the board of directors of GSRM and is expected to close by the first quarter of 2023. The business combination is subject to regulatory and stakeholder approvals, and other customary closing conditions.about $320 million that Bitcoin Depot could use to grow, though SPAC investors are able to withdraw their money before the merger is done.

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Crypto ATM Operator Bitcoin Depot to List on Nasdaq in $885M SPAC DealBitcoin ATM operator Bitcoin_Depot plans to go public on Nasdaq with an estimated value of $885 million through a merger with special purpose acquisition company GSR II Meteora. By JamieCrawleyCD Bitcoin_Depot JamieCrawleyCD Over priced.
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