World’s Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal

Bitcoin.com | Aug 25, 2022 at 9:30 PM
  • The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal.
  • The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq.
  • Bitcoin Depot’s announcement notes on Thursday, that as long as there are no redemptions, the combined value after the transaction will have an estimated equity value of $885 million.