TechFlow news, according to Cointelegraph, Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, has announced the completion of a merger deal that will allow the company to go public. Fintech firm GSR II Meteora Acquisition Corporation said in an announcement on June 30 that its shareholders have approved the company serving as a special purpose acquisition company (SPAC) for Bitcoin Depot, with Bitcoin Depot expected to list on Nasdaq on July 3. The deal was first reported in August 2022, with both parties planning to merge and list on Nasdaq at an $885 million valuation.
Brandon Mintz, founder and CEO of Bitcoin Depot, said the merger aims to seize growth opportunities and promote bitcoin adoption. According to the Bitcoin Depot website, the company was founded in 2016 and is one of North America's largest cryptocurrency ATM operators, with more than 9,130 kiosks.
