Bitcoin Depot to Go Public Through Merger Deal with GSR II Meteora Acquisition Corporation

06/30 22:30

June 30 (Huobi) - Bitcoin Depot, a major cryptocurrency ATM company in the US, has completed a merger deal that will allow it to go public. The deal, costing $885 million, was approved by GSR II Meteora Acquisition Corporation's stockholders, enabling the firm to act as a special purpose acquisition company for Bitcoin Depot. The merger is expected to allow investors to gain exposure to Bitcoin Depot on the Nasdaq starting July 3, with shares available under the ticker symbols BTM and BTMWW. The move comes amid regulatory scrutiny of US firms offering crypto products or services.

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